Research Summary
Research Summary
Privatization, Regulatory Reform and Management Strategy
Description
Alexander Dyck's research illustrates why privatization and deregulation often improve performance and factors that separate success from failure. A simplistic model of privatization and regulatory reform assumed that the shift from government to private sector control inevitably improved affairs. Dyck's theoretical and empirical international research (that covers Brazil, Chile, China, Germany, the Philippines, Russia, the United Kingdom and the United States among other countries) has significantly modified that view. It brings into focus the role of management replacement, management incentives, information asymmetries and corporate governance institutions in the success of privatization and regulatory reforms. Dyck explores the opportunities and risks of government involvement for management strategy in his second year MBA course, 'The New Private Sector: Managing Privatization, Regulation and Deregulation,' in the core course, 'Business, Government and the International Economy,' and in his role as conference organizer for the third annual conference on Management Strategy and the Business Environment, to be held at HBS in March 2003.