Research Papers/Topics in Operations Management

Dynamic Productivity Differences Between State And Private Ownership In The International Oil Industry

ABSTRACT The participation of countries in the international oil industry in the form of national oil companies started in 1914 and has continued to this date. Although their role in market systems has been seen in literature to be a major cause of inefficiency, active state participation does not seem to be waning. This is primarily because of state dependence on oil products, growth of major state-owned oil companies and the belief that state control over its resources is a major sign of na...