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Old Habits Die Hard - A Case Study on the Implications of Privatization on Institutional Logics

Lindgren, Jacob LU and Gunnarsson, Fredrik LU (2022) BUSN09 20221
Department of Business Administration
Abstract
Purpose: The purpose of this thesis is to understand how a privatization process affects a company’s institutional logic in the presence of path dependence mechanisms, and to delineate the implications this has on the firm’s value creation strategy.
Theoretical Perspectives: This thesis builds upon general ownership theories from the perspective of institutional logics. To these perspectives, path dependence and value creation theory are added in order to provide a nuanced understanding.
Methodology: A qualitative case study was carried out in order to fulfill the intended purpose, in combination with an abductive approach.
Findings: The findings of this study conclude that there is a salience of path dependence in legitimacy-seeking... (More)
Purpose: The purpose of this thesis is to understand how a privatization process affects a company’s institutional logic in the presence of path dependence mechanisms, and to delineate the implications this has on the firm’s value creation strategy.
Theoretical Perspectives: This thesis builds upon general ownership theories from the perspective of institutional logics. To these perspectives, path dependence and value creation theory are added in order to provide a nuanced understanding.
Methodology: A qualitative case study was carried out in order to fulfill the intended purpose, in combination with an abductive approach.
Findings: The findings of this study conclude that there is a salience of path dependence in legitimacy-seeking behavior within a privatized SOE, which seem to have some effect on the value creation motives of the company.
Conclusion: The conclusions drawn from the study is that the case company, even after the IPO, continues to pursue societal value in addition to shareholder value. This implies that the company has not completely changed from state logic to a profit maximizing market logic, but rather that it operates by a mix of these. (Less)
Please use this url to cite or link to this publication:
author
Lindgren, Jacob LU and Gunnarsson, Fredrik LU
supervisor
organization
course
BUSN09 20221
year
type
H1 - Master's Degree (One Year)
subject
keywords
Privatization, Institutional Logics, Value Creation, Path Dependence, Legitimacy
language
English
id
9086281
date added to LUP
2022-07-01 15:34:21
date last changed
2022-07-01 15:34:21
@misc{9086281,
  abstract     = {{Purpose: The purpose of this thesis is to understand how a privatization process affects a company’s institutional logic in the presence of path dependence mechanisms, and to delineate the implications this has on the firm’s value creation strategy.
Theoretical Perspectives: This thesis builds upon general ownership theories from the perspective of institutional logics. To these perspectives, path dependence and value creation theory are added in order to provide a nuanced understanding.
Methodology: A qualitative case study was carried out in order to fulfill the intended purpose, in combination with an abductive approach.
Findings: The findings of this study conclude that there is a salience of path dependence in legitimacy-seeking behavior within a privatized SOE, which seem to have some effect on the value creation motives of the company.
Conclusion: The conclusions drawn from the study is that the case company, even after the IPO, continues to pursue societal value in addition to shareholder value. This implies that the company has not completely changed from state logic to a profit maximizing market logic, but rather that it operates by a mix of these.}},
  author       = {{Lindgren, Jacob and Gunnarsson, Fredrik}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Old Habits Die Hard - A Case Study on the Implications of Privatization on Institutional Logics}},
  year         = {{2022}},
}