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Privatizing a distressed state-owned enterprise: Lessons learned through privatization work in Argentina's steel sector |
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| Institution: | 1. School of Psychology, University of Lincoln, Lincoln, United Kingdom;2. Department of Psychology, Western University, London, ON, Canada;3. Department of Psychology, University of British Columbia, Vancouver, BC, Canada;4. Department of Psychological Sciences, Birkbeck, University of London, London, United Kingdom;5. Department of Psychology, Trent University, Peterborough, ON, Canada;6. School of Psychology, Bangor University, Bangor, United Kingdom;1. Dept. of Elect. Eng., Eindhoven University of Technology, Netherlands;7. DAF Trucks NV, Vehicle Control Group, Eindhoven, Netherlands |
| Abstract: | Governments and private investors often widely differ on the definition of value in the privatization of a state-owned enterprise. Many governments attempt to privatize businesses that have questionable potential of creating value from future operation. Mooney and Griffith discuss the issues which arise during the privatization of a “distressed” enterprise through the case experience of Sociedad Mixta Siderurgia Argentina (SOMISA). |
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