Amess, Kevin; Du, Jun; Girma, Sourafel - 2009
managers’ non-profit-maximizing behavior. Both views impute that aggregate welfare would be
maximized if ownership and control … of this problem, some level of
political ownership and control will mitigate managerial agency costs because politicians …
government argues that a certain level of state ownership may have beneficial effects on stakeholders’
welfare. In the context …