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Persistent link: https://www.econbiz.de/10011696464
operating in a soft budget regime. The methodology is a case study of the shift in budget regime in Italy in the late 1980s. The …
Persistent link: https://www.econbiz.de/10010279332
This report provides an overview of the causes and consequences of the Italian State-owned Enterprises (SOE) reform process. Particularly, it analyzes the symbiotic link between share issue privatization (SIP), i.e. privatization in public equity markets, and financial market development, and...
Persistent link: https://www.econbiz.de/10010312583
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995-2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...
Persistent link: https://www.econbiz.de/10010265983
This paper reviews the state of thinking on the governance role of public ownership and control. We argue that the transfer of operational control over productive assets to the private sector represents the most desirable governance, due to the inherent difficulty for citizens to constrain...
Persistent link: https://www.econbiz.de/10010312416
Although LEEs are meant to be self-sustaining, if not revenue-generating units, many of them actually incur losses on a continuing basis. Current practice in many LGUs does not engender a clear appreciation of the true cost of the local economic enterprise. COA has documented many cases where...
Persistent link: https://www.econbiz.de/10011421182
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. Italien vollzog zum Beginn des Untersuchungszeitraums einen Systemwechsel von einem Sozialversicherungssystem zu einem …
Persistent link: https://www.econbiz.de/10010305578
that the studied countries (Finland, Israel, France, Italy, and the UK) evidence in the organization of their VC industries … has a strong Private Equity industry, it is, however, not focusing on early-stage or high tech areas. Italy and France … showed a significant presence of Venture Capital and Private Equity industries (public/private organisations), but in Italy …
Persistent link: https://www.econbiz.de/10010285286
Should state-owned enterprises change chief executive officer before privatizing? We test competing views on this question by complementing a recently released database with newly collected data. We are able to cover 77 telecommunications privatizations, which account for nearly 80 percent of...
Persistent link: https://www.econbiz.de/10010327157