management accounting in privatised companies in less developed countries

What is it about?

This is a comprehensive review of the reasons for and the effects of privatisations in developing countries with respect to management control. It notes the sometimes parlous state of government owned enterprises due to political interference for patronage purposes. It traces the variable results from privatisations noting that whilst they often result in more effective commercial controls the results are not invariably congruent with broader development goals.

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Why is it important?

Despite the centrality of privatisations in development policies premised on assumptions that they will improve management controls this chapter examines research to date to ascertain whether they materialise in practice.