Bhaumik, Sumon Kumar; Dimova, Ralitza - William Davidson Institute, University of Michigan - 2003
It has long been argued that private ownership of firms leads to better firm performance. However, theory as well as … 1999- 00 ownership was no longer a significant determinant of performance; induced by competition, public sector banks were … able to eliminate the performance/efficiency gap that existed between them and domestic private sector and foreign banks. …