EVALUATING THE COMPARATIVE PERFORMANCE OF STATE OWNED ENTERPRISES AND PRIVATELY OWNED FIRMS: THE INDIAN EXPERIENCE.
Kannan Ramaswamy, William Renforth
Abstract
Kannan Ramaswamy, William Renforth
Abstract
This paper reports findings from a study comparing the performance of Indian State Owned Enterprises (SOEs) and private firms. While the privately held firms performed better in terms of commercial profitability, the two groups did not differ in managerial efficiency. The SOEs were markedly better in accomplishing public interest objectives.
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This paper reports findings from a study comparing the performance of Indian State Owned Enterprises (SOEs) and private firms. While the privately held firms performed better in terms of commercial profitability, the two groups did not differ in managerial efficiency. The SOEs were markedly better in accomplishing public interest objectives.
Key concepts: State owned, Profitability index, Business, Public ownership, Finance, Industrial organization, Market economy, Economics