State-owned and other state-invested enterprises (SIEs) have become more prominent in the global economy over the last decade. A growing role for state-invested enterprises in the marketplace is not in itself onerous. According to an OECD consensus, as expressed through the Organisation’s...

Finland s state-enterprise sector has been larger than in most countries and included several manufacturing companies. These were usually established because of a scarcity of private venture capital, with a mission to contribute to industrialisation. Some companies have now been privatised in a...

The attention of scholars and policy makers is shifting from full privatization to accompanying policies and alternative measures as a means to improve the efficiency of public services. This paper focuses on three restructuring measures: partial privatization (without transfer of control...

The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into account the distortionary effect of raising funds by taxation (shadow cost of public funds). We analyze the impact of the change in ownership not only on the objective function...

The purpose of this paper is to assess the extent to which a local government needs to have a specific set of accounting tools and techniques for financial health assessment attuned to the governance model in use for services delivery. In contrast with previous literature, which has discussed...

Since the nineteenth century, the state has played different roles in telecommunications, from owner-operator and regulator to facilitator of private sector activities. Whereas direct government involvement has diminished since the 1980s, recent years have witnessed renewed demands for...

The main objectives of the present research are the identification of main regularities of the emergence of a new property rights system within privatization process in the conditions of transitional economy in Russia and its single regions (on the basis of evaluation of privatization models of...

This report is concerned with the analysis of privatization and private sector development for the eastern and southern Mediterranean countries partnered with the European Union and collectively known as MED-11. Noting that the analysis applies to the situation prior to the dislocations of the...