Private Foreign Firms Research Articles

Canadian Capital and the Denationalization of the Mexican Energy Sector: A Geojuridical Approach

The recent reform of Mexico’s energy sector, underway since 2013, is the culmination of several decades of liberalization policies that aimed, in large part, to denationalize Mexico’s petroleum industry and open the sector to investment from private foreign firms. In reversing the nationalization of Mexico’s oil industry in 1938, this reform has significant implications for the triumph of neoliberal globalization in the Global South, even in a period of rising protectionism in the Global North. Both the United States and Canada played a significant role in promoting the reform of Mexico’s energy sector and in structuring the legislative changes that reopened Mexico’s hydrocarbon resources to foreign control. Over the past two years, Canadian firms have benefited significantly from new pipeline and oil and gas contracts in Mexico. Taking a legal-geographical approach, this paper examines Canadian involvement in the restructuring of Mexico’s oil and gas sector, both spatially (through proximity, interests, and influence in the North American energy market) and legally. The legal component operates through a form of juridical pluralism, in which the institutions of contemporary economic globalization, including the Canadian state, participate in legislative and regulatory changes in the Mexican oil industry.

Corporate Ownership and the Technical and Scale Efficiency of Pharmaceutical Firms in India - Empirical Evidence

Corporate Ownership and the Technical and Scale Efficiency of Pharmaceutical Firms in India - Empirical EvidenceIn the existing literature, the theoretical models suggest that foreign-owned firms perform better than domestic firms and that private sector firms perform better than public sector firms. The present study is a modest attempt in this regard to empirically test and compare the differences in the technical and scale efficiencies of 36 public limited companies, private sector firms and foreign firms belonging to the pharmaceutical industry of India using the DEA model. The analysis shows that overall technical efficiency was different in the case of private domestic and public sector firms in the year 1990, i.e., the pre-reform period. The difference was also significant in the case of private foreign and public sector firms, though it was not significant in the case of private domestic and private foreign firms in the pre-reform period. However, in the subsequent post-reform years, there were no significant differences.