Libya has become a transition economy due to global industrial and political changes in the past decades. Being for long time under government control has created a number of challenges for the management of the SOEs. The most challenging aspect is firm performance improvement. Based on a pilot study, this paper develops a conceptual model that determines the firm performance after transition. The results show that despite the change of managerial incentive, behaviour and relationship; the performance of investigated firms did not improve. This can be explained by firm’s restructuring, privatisation method, trade openness, and the weak enforcement of law.
|Title of host publication||Proceedings of the 17th World Business Congress on The International Management Development Association (IMDA)|
|Editors||E. Kaynak, T.D. Harcar|
|Publisher||The International Management Development Association (IMDA)|
|Number of pages||8|
|Publication status||Published - 18 Jun 2008|