A survey of privatization

Literature shows that privatization is an effective device to enhance the efficiency of SOEs. However, different strategies for privatization may bring different results. After the financial crisis 2008, privatization in the world becomes more active. To be successful with privatization programs, governments need to choose the appropriate method of privatization. This article aims to present an overview and evidence of privatization on firm performance and behaviors surrounding the events, which may provide policymakers a basis for more effective privatization programs and suggest some directions for further studies on this topic.