Introduction / Luc Bernier, Massimo Florio and Philippe Bance -- The scope of the phenomenon -- Perspectives on history and geography -- Approaches to the study of state-owned enterprises -- Financial dimensions of public ownership -- Issues about governance -- The activities and performance of...

We study the effect of state ownership on the market-to-book ratios of publicly traded European utilities from 1994 to 2005. We find that when the company is subject to independent regulation, state ownership seems positively associated with firm value. This relation tends to appear in countries...

In recent decades, market-opening policies in local public transport (LPT) have impacted most European countries. However, we can observe a high degree of variability in possible LPT arrangements, from public monopolies to open markets. This work addresses the following research question: How...