ABSTRACT
This chapter focuses on empirical patterns of firm behavior in the private sector. It compares and contrasts behaviors of firms in the private sector with the behaviors of firms under other property rights in order to assess the role of ownership in inducing behavioral patterns. The chapter also compares private firms, state firms, and hybrid firms, as well as collective firms and foreign firms. It examines the 'hybrid firm sector' mainly shareholding companies that were previously under state ownership in order to assess how changes in property rights affect firm behavior. The chapter uses property rights regimes to refer to the collective characteristics associated with ownership type, including institutional environment, internal structure, and behavioral patterns. It identifies empirical regularities to evaluate empirical association and specifies the mechanisms underlying this association. The chapter shows that link between organizational environment and organizational response provides a useful lens through which to view and understand the association between property rights and firm behavior.
