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

  1. Cuevas-Rodríguez, Gloria 1
  2. Guerrero-Villegas, Jaime 1
  3. Valle-Cabrera, Ramón 1
  1. 1 Universidad Pablo de Olavide
    info

    Universidad Pablo de Olavide

    Sevilla, España

    ROR https://ror.org/02z749649

Revue:
RIO: Revista Internacional de Organizaciones

ISSN: 1886-4171 2013-570X

Année de publication: 2016

Titre de la publication: Open debates, current trends and challenges in corporate governance and corporate social responsibility

Número: 16

Pages: 99-125

Type: Article

DOI: 10.17345/RIO16.99-125 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

D'autres publications dans: RIO: Revista Internacional de Organizaciones

Objectifs de Développement Durable

Résumé

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.

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