Record Details

Management perceptions regarding factors impacting privatisation of parastatals in a developing country

HTS Teologiese Studies/Theological Studies

Field Value
Title Management perceptions regarding factors impacting privatisation of parastatals in a developing country
Creator Mazibuko, Noxolo E. Smith, Elroy E. Tshuma, Eddie
Subject — privatisation; parastatals; stakeholders; business conditions; management; transparency; privatisation process
Description Background: Worldwide, the ownership of public organisations has been transferred to the private sector through privatisation. The poor performance of public organisations has necessitated privatisation of these organisations. Aim: This article explored management perceptions regarding factors impacting the privatisation of parastatals in a developing country, namely Zimbabwe. Setting and method: A comprehensive literature study provided the theoretical framework for this research. Primary data were collected by means of a survey obtaining 301 self-administered structured questionnaires from 27 parastatals in Zimbabwe. Seven null-hypotheses were tested using advanced statistical techniques such as regression and correlation analyses. Results and conclusions: Factors identified in this study that could impact privatisation of parastatals in Zimbabwe are stakeholder consultation, stable macroeconomic conditions, government transparency and a well-developed privatisation process plan. If privatisation is implemented effectively, it could lead to increased organisational performance, effective governance and economic empowerment. It also appeared that variables such as union consultation, role ambiguity, political intervention, attractiveness to foreign investment and government commitment do not exert a significant influence on perceptions of privatisation. Practical guidelines were also provided to enhance the implementation of privatisation in parastatals.
Publisher AOSIS Publishing
Date 2018-04-26
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion — —
Format text/html application/epub+zip application/xml application/pdf
Identifier 10.4102/sajems.v21i1.1543
Source South African Journal of Economic and Management Sciences; Vol 21, No 1 (2018); 12 pages 2222-3436 1015-8812
Language eng
Coverage — — M21
Rights Copyright (c) 2018 Noxolo E. Mazibuko, Elroy E. Smith, Eddie Tshuma