(VF)Une bonne gouvernance d’entreprise s’articule autour des principes de transparence, d’imputabilité, d’équité et de croissance saine de l’entreprise. Cette étude examine l’évolution des caractéristiques du conseil d’administration des sociétés d’État canadiennes de...

Western advisors of Eastern reform favour outside, stock-market ownership and control of large privatized enterprise. However, Japanese firms and their Western transplants are dominated by employee stakeholders as implicit residual owners. Their success, and political contraints, suggest a...

In the recent decade China witnessed an upsurge of privatization of small and medium state-owned enterprises (SOEs). In contrast to the consequent sharp reduction in the number of firms, however, the estimated share of broadly-defined SOEs that includes limited liabilities companies controlled...

This paper examines the expropriation of tradable shareholders in rightsissuing firms with the split share structure in China. Using a sample of 444 rights issues from 1999 to 2004, we find that the change in wealth of tradable shareholders is negatively correlated with the change in wealth of...

The specific constraints known by the public sector, especially in the last two decades, raise a series of questions, not only from the perspective of the State’s capacity to exercise its shareholder role, but also from the one of the public enterprises’ capacity to obtain performance. Their...

The actual economic stage in Romania imposed the adopting of some quick measures in the direction of creating the regulatory framework that should encourage the increasing of public enterprises’ performances. In this context, GEO (Government emergency Ordinance) nr 109/30.11.2011 states a set...

Governance is exposed to criticism. In situations of corporate and political failure, criticisms of governance failure abound and calls for new oversight often follow promptly. Similarly, the field of corporate governance research is exposed to criticism, too. While encompassing contributions...

Quangos and public entrepreneurship are closely related. The economic theory of quangos allows us to develop a quango theory and highlight the effects of public entrepreneurship. By considering principal agent relations we show how public entrepreneurship of government and quango influence each...

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...