IJMB Journal – Abstracts
International Journal of Management and Business
IJMB Volume X, Issue 1
Comparing Public Sector/ State Owned and Private Enterprises in India on the Proposed ESCHEAT Model: A Novel Approach
Aman Gupta and Dr. Sushil Kumar
Indian Institute of Management, Lucknow, India
E-mail: anabgupta51@gmail.com, sushil@iiml.ac.in
ABSTRACT
State Owned Enterprises (SOEs) have been important instruments of State policy over many decades. Lately, however, there has been increased criticism of SOEs and large-scale privatizations have been carried out. Comparisons of SOEs with private companies have focused on the financial and techno-economic/ productivity related measures of performance. These measures, in reality, do not align with the raison d’etre of SOEs. The authors have proposed a new model for evaluating the performance of SOEs which they implement to compare some pairs of public and private enterprise in India. The study finds that there is a stark difference in the comparative performance between the traditional financial measure and the proposed model.
Keywords: state owned enterprises, public versus private, performance, public sector enterprises.
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