HEC Research Papers Series,
HEC Paris

Abstract: This paper considers the impact of privatization on corporate entrepreneurship. The proposed model illustrates how a firm's capacity to implement internal changes is influenced by three factors: credibility of the privatization process, speed of the process, and the new regulatory environment. The type of changes (economic calculation, risk-taking, and alterness) and the extent to which they can be implemented ultimately determine the level of post-privatization corporate entrepreneurship that the firm will be abble to develop.

Keywords: regulation; non market strategy; privatization process

JEL-codes: L12; L33; L43; O31; O32

34 pages, March 1, 1999

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