Key points are not available for this paper at this time.
Shaker A. Zahra, R. Duane Ireland, Isabel Gutierrez, Michael A. Hitt, Privatization and Entrepreneurial Transformation: Emerging Issues and a Future Research Agenda, The Academy of Management Review, Vol. 25, No. 3 (Jul., 2000), pp. 509-524
Zahra et al. (Sat,) studied this question.