Revistes Publicacions URV: Revista Internacional de Organizaciones = International Journal of Organizations > 2016

Comparison of corporate governance, strategy, control and performance e valuation systems before and after privatization

  • Datos identificativos

    Identificador: RP:944
    Handle: https://hdl.handle.net/20.500.11797/RP944
    Autores:
    Valle-Cabrera, RamónGuerrero-Villegas, JaimeCuevas-Rodríguez, Gloria
    Resumen:
    The aim of this paper is compare corporate governance and firm strategy before and after privatization. The design of control and performance evaluation systems in the pre and post-privatization periods is compared so that it can be understood in relation to the changes observed at a high corporate level (corporate governance and firm strategy). We carry out various case studies on five privatized Spanish companies. The results support several conclusions. First, the variables that are traditionally related to greater board independence in monitoring do not undergo variation after privatization. Second, the interests of the firms’ new ownership have an impact on firm strategy after privatization. Finally, control and performance evaluation system designs clearly align with firm strategy after privatization.

  • Otros:

    Autor/es de la URV: Valle-Cabrera, Ramón Guerrero-Villegas, Jaime Cuevas-Rodríguez, Gloria
    Palabras clave: performance evaluation system. control system strategy privatization board of directors Corporate governance
    Resumen: The aim of this paper is compare corporate governance and firm strategy before and after privatization. The design of control and performance evaluation systems in the pre and post-privatization periods is compared so that it can be understood in relation to the changes observed at a high corporate level (corporate governance and firm strategy). We carry out various case studies on five privatized Spanish companies. The results support several conclusions. First, the variables that are traditionally related to greater board independence in monitoring do not undergo variation after privatization. Second, the interests of the firms’ new ownership have an impact on firm strategy after privatization. Finally, control and performance evaluation system designs clearly align with firm strategy after privatization.
    Año de publicación de la revista: 2016
    Tipo de publicación: info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article

  • Palabras clave:

    performance evaluation system.
    control system
    strategy
    privatization
    board of directors
    Corporate governance

  • Documentos:

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