An empirical analysis of disinvestment policy in India: does ideology matter?

Jain, Ritika; Sarkar, Shubhro

doi:10.1080/17487870.2018.1457961

Cited by 6 publications

(4 citation statements)

References 21 publications

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“…With two parties, we find that there is an unambiguous negative relation between the probability of privatization and the center–state ideological difference and between the extent of privatization and ideological score of the coalition. Both these predictions find empirical support in Jain and Sarkar (2015). While the first hypothesis conjectured a negative relation between the probability of privatization and ideological score of the coalition, we find that for some parameter values they are positively related.…”

Section: Discussionsupporting

confidence: 58%

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The Impact of Ideology on Disinvestment Decisions of a Coalition

Jain

Sarkar

2016

Public Finance Review

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We build a two-stage game theoretic model to capture the effect of ideologies of parties in a coalition on disinvestment decisions. We focus on three specific aspects of ideology—ideology score of the coalition, ideology dispersion of the coalition, and ideology difference between the center and the state where the enterprise is located. The benchmark two-party coalition predicts that a left government prefers less disinvestment than a right one more often than not. However, there may be a case where moving toward the left end of the ideology spectrum may raise disinvestment incidence. Similarly, a coalition with ideologically similar parties favors privatization more frequently than one in which parties are more diverse. However, for a narrow parametric range, the effect may be reversed. Low ideological difference between the center and the state in which the enterprise is located improves disinvestment incidence. Finally, we extend the model to three-party coalitions.

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Section: Discussionsupporting

confidence: 58%

“…In a related paper, Jain and Sarkar (2015) investigate the extent to which ideologies of parties affect the incidence of privatization. While most studies adopt a binary variable approach and assign a dummy variable to account for the ideology of the ruling party, Jain and Sarkar construct three ideology-based measures as follows.…”

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confidence: 99%

The Impact of Ideology on Disinvestment Decisions of a Coalition

Jain

Sarkar

2016

Public Finance Review

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“…Future research needs to explore the interplay of various explanatory factors, such as administrative traditions, the degree of centralization of the state, and the timing of reform events. What is more, future scholarship should explore the role of additional variables such as partisan ideology (Jain and Sarkar ), as well as the extent to which intense policy integration and administrative coordination reforms will eventually result in paradigmatic changes (Hall ) with regard to cross‐sectoral governance. Finally, future research should study the implementation phase and find out whether policy integration and administrative coordination reforms actually achieve superior policy outcomes.…”

Section: Discussionmentioning

confidence: 99%

Patterns of Policy Integration and Administrative Coordination Reforms: A Comparative Empirical Analysis

Trein

Maggetti

2019

Public Administration Review

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During the last two decades, scholars have pointed to a process of “denationalization,” or the delegation of competencies away from the center of the nation‐state—upward, downward, and sideward. At the same time, scholars have observed a transformation of the central state aimed at strengthening its steering capacity by means of integrating sectoral public policies and coordinating administrative units. Little systematic comparative evidence is available regarding this second phenomenon and its relationship with denationalization. The authors contribute to this line of research by presenting a comparative analysis of cross‐sectoral reforms concerning public policies and public sector organizations, covering four policy fields in 13 countries, from 1980 to 2014. Using descriptive statistics and Bayesian change point estimation, this article shows that policy integration and administrative coordination reforms configure a powerful trend, which displays considerable variation across time, policy fields, and countries.

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“…The stock market's disciplining role may induce performance improvements. Similar to Jain and Sarkar (2019), we use two measures of disinvestment: state ownership, which is the share of the firm owned by the government in that particular year, and dummy variables for the different types of disinvestment. 12 We use dummy variables at the year, industry, Ratna and state level (location of headquarters) to control for group-level unobserved effects.…”

Section: Data and Variablesmentioning

confidence: 99%

Preferential employment policies and firm performance: Evidence from Indian public sector enterprises

Jain

Abraham

2024

International Labour Review

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We examine the impact of job reservations on the performance of public sector enterprises (PSEs) in India. We hypothesize that reservation benefits firm performance if implemented across all levels of the employment hierarchy. We rely on data for all manufacturing central government‐owned PSEs from 2014 to 2017 and employ instrument variable estimation strategies to analyze the effects. Using ministry level employee composition aggregates and the share of inputs procured from the micro, small and medium enterprises (MSME) sector as our instruments, we find that adhering to reservation norms across a firm's organizational hierarchy enhances firm performance. This validates our main hypothesis that a diverse workforce at every level is associated with a better working environment, larger information flow and harmonious labor relations that consequently improve performance. However, the Indian PSE experience documents that the reserved category representation is disproportionately skewed towards the lower end of the organizational hierarchy. An in‐depth analysis of policy documents and committee reports suggests systematic limitations in vacancy notifications and discriminatory practices within the organization as the main drivers of this skewed representation.

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An empirical analysis of disinvestment policy in India: does ideology matter?

Cited by 6 publications

References 21 publications

The Impact of Ideology on Disinvestment Decisions of a Coalition

The Impact of Ideology on Disinvestment Decisions of a Coalition

Patterns of Policy Integration and Administrative Coordination Reforms: A Comparative Empirical Analysis

Preferential employment policies and firm performance: Evidence from Indian public sector enterprises

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