In the last decade, Italian local Governments have made a massive use of limited companies to produce and to distribute public services, such as transportations, water maintainance, IT and the like. The public nature of the goals they are required to achieve and the public nature of the funds...

State-owned enterprises (SOEs) are legally private entities used in many jurisdictions to satisfy public needs, mostly through extensive consumption of public funds. While the nature of purposes pursued and of resources employed affects their accountability in a public sense, their financial...