Publication Type

Journal Article

Publication Date

7-2000

Abstract

With ongoing privatization efforts in emerging economies, governments have supported developmental financial institutions (DFIs) to spur entrepreneurial activity. The authors use stakeholder theory to suggest that postprivatization stakeholders differ in their preference to seek DFI support. The authors then posit that national developmental priorities influence the DFI's willingness to be involved in the governance of the privatized firm, and they discuss implications of DFI involvement for value creation and entrepreneurship in emerging economies.

Keywords

Financial institutions, entrepreneurship, privatization

Discipline

Business | Entrepreneurial and Small Business Operations | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Academy of Management Review

Volume

25

Issue

3

First Page

620

Last Page

630

ISSN

0001-4273

Identifier

10.5465/AMR.2000.3363529

Publisher

Academy of Management

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

https://doi.org/10.5465/AMR.2000.3363529

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