Assessing efficiency differences between Thai public and private firms

D. Ghosh, Sailesh Tanna, W. Sukrattanawong, M. Bailey

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This paper investigates the relative performance of a small number of public and private firms in Thailand. The main aim is to assess recent privatisation efforts in Thailand by examining the influence of ownership on performance. The empirical investigation is initially focused on a matched-pair combination of (public vs. private) firms, mainly in the insurance and banking sectors, but later we also examine the performance of a small number of recently privatised organisations, mainly in the commercial sector. Additionally, we estimate by pooled regression the productivity of labour and capital for an extended group of firms in the financial services industry, and explain the public-private factor productivity differences derived thereof. Although we find some basic underlying efficiency differences between the two groups of firms, it is hard to attribute such differences purely to ownership as other factors like market competition might have played a part. This leads us to argue that efficiency gains from on-going privatisation efforts in Thailand may not be realised without adequate measures designed to promote competition.
Original languageEnglish
Title of host publicationGlobal Business & Economics Review - Anthology 2000
Place of PublicationWorcester, MA
PublisherBusiness & Economics Society International
Pages232-246
ISBN (Print)0965983137
Publication statusPublished - 2000

Bibliographical note

The full text of this item is not available from the repository. This paper was presented at the Business & Economics Society International Conference, Dec. 2000, Los Angeles.

Keywords

  • privatisation
  • Thailand
  • efficiency

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    Ghosh, D., Tanna, S., Sukrattanawong, W., & Bailey, M. (2000). Assessing efficiency differences between Thai public and private firms. In Global Business & Economics Review - Anthology 2000 (pp. 232-246). Worcester, MA: Business & Economics Society International.