The purpose of social-economic development is defined by the country leaders accurately and clearly: by 2020 Russia must be included in a set of the most developed countries. Naturally, with the present rates of economic growth and lots of crisis problems of economy it can't be reached, and the...

We study the effect of board governance in state-owned and private banks by undertaking a study of commercial banks in India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance reforms in India, the results of our empirical analysis...

Öffentliche Betriebe weisen einige Besonderheiten gegenüber privaten Betrieben auf. Dazu werden nach dem Zweck öffentlicher Betriebe und ihren unterschiedlichen Rechtsformen in Deutschland die betrieblichen Teilfunktionen Beschaffung, Produktion, Absatz, Personal, Finanzierung und...

In many cases, the expected efficiency advantages of public-private partnership (PPP) projects as a specific form of infrastructure provision did not materialize ex post. From a Public Choice perspective, one simple explanation for many of the problems surrounding the governance of PPPs is that...

I analyse the welfare impact of a mixed market with a public or private firm with some degree of altruism, in the presence of an agency problem. Contrary to some earlier findings, the total surplus turns out to be increasing in the degree of altruism. This impact is stronger than if there is no...

What makes contracting in public organizations different from contracting in private organizations? This essay explores advances in research at the intersection of contract theory and behavioral political economics. The main challenges consist of identifying and measuring the trade-offs that...

This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...

Fierce debate is ongoing in China concerning the appropriate role for the private sector in the current stage of reform and enterprise restructuring. There are many economists, both within China and without, who argue that China should now increase both the scale and pace of privatisation and...