The authors provide a detailed explanation of the theory that underpins the expansion of state-owned enterprises in the 21st century. This handbook brings together a wealth of international scholars, offering multiple theoretical perspectives to help shape a brave new world.
State-owned enterprises make up roughly 10 percent of the world economy, yet they are woefully understudied. This handbook offers the first synthesis of the topic since the 1980s and offers a comprehensive reference for a generation.
The authors provide a detailed explanation of the theory that underpins the expansion of state-owned enterprises in the 21st century. Each chapter delivers an overview of current knowledge, as well as identifying issues and relevant debates for future research. The authors explain how state-owned enterprises are used in both developed and developing countries and offer an insight into complex and fascinating organizations such as the German municipal conglomerates or the multinational companies owned by states. New modes of governance and regulation have been invented to make sure they act in the public interest. This handbook brings together a wealth of international scholars, offering multiple theoretical perspectives to help shape a brave new world.
It will be of interest to teachers and students of Economics, Public Administration and Business, academics, established researchers and PhD students seeking rigorous literature reviews on specific aspects of SOEs, as well as practitioners and decision makers in international organizations.
Introduction Part I: The Scope of the Phenomenon
1. History of Western
State-Owned Enterprises: From the Industrial Revolution to the Age of
Globalization
2. Local Public Enterprises as Providers of Public Services in
European Countries: Shifts and Dynamics
3. State-Owned Enterprises: Rising,
Falling and Returning? A Brief Overview
4. State-Owned Enterprises and the
Public Mission: A Multidimensional Lens
5. Varieties of State Capitalism and
Reformed State-Owned Enterprises in the New Millennium Part II: Perspectives
on History and Geography
6. Concepts of German Gemeinwirtschaftslehre and the
Changed Role of Public Enterprises
7.
State-Owned Enterprise and Privatisation: Some Lessons from the UK
8. On
Traits of Legitimate Internationally Present State-Owned Enterprises
9.
State-Owned Enterprises and Industrial Development in Latin America
10. The
Industrial Policy Role of European State-Invested Enterprises in the 21st
Century: Continuity and Change across Phases of Domestic and Global
Transformation
11. State-Owned Enterprises in Contemporary China Part III:
Approaches to the Study of SOEs
12. Economics of State-Owned Enterprises
13.
State-Owned Enterprises as Institutional Market Actors: A Gradual
Institutional Change Perspective on Domestic SOEs in the Marketization of
Public Services
14. Legal Aspects of Public Enterprises: Remarks Based on a
Comparative Study of French, European and American Legislation
15. Dont Get
Too Excited: The Structural Limits of State-Owned Enterprises in Capitalist
Economies
16. Motivation and Performance in State-Owned Enterprises
17. The
Politics of State-Owned Enterprises: The case of the rail sector
18.
Principals and Agents: The Relationship between Governments and State-Owned
Enterprises Part IV: Financial Dimensions of Public Ownership
19. Public
Stock Ownership
20. Financialisation and the future for SOEs
21. Sovereign
Wealth Funds as Internaional Institutional Investors: A Re-evaluation 4.4
Contemporary Development Financial Institutions in Europe 4.5 State-Owned
Enterprise Hybrids Part V: Issues About Governance
24. Corporate Governance
of State-Owned Enterprises: Conceptualization, Challenges and Perspectives
for the Public Corporate Governance Field
25. Corporate Governance in
State-Owned Enterprises: The Role of Informal Institutions
26. Public
Accountability of State-Owned Enterprises: Approaches and Research Trends
27.
Utilities Policy and Reform: The Changing Relationship Between Citizens and
SOEs
28. Vox Populi, Vox Dei: State-Owned Enterprises in the Court of Public
Opinion
29. State-Owned Organization Strategy: At the Interface of Society
and Business Part VI: The Activities and Performance of SOEs
30. The
Performance of Public Enterprises
31. State-Owned Enterprises as Policy Tools
32. (Re)municipalisation: A New Era for Ownership and Control of Local Public
Service Delivery? Part VII: SOEs and Innovation: A New Frontier
33.
Mission-oriented Public Organizations for Knowledge Creation
34.
Reconsidering Innovation in State-Owned Enterprises
35. The Role of
State-Owned Enterprises as Drivers of Innovation Conclusion: Where do we go
now?
Luc Bernier is Jarislowsky Chair of Public Sector Management, Faculty of Social Sciences, University of Ottawa, Canada.
Massimo Florio is Professor of Public Economics at the University of Milan, Italy, and the President of the CIRIEC International Scientific Commission Public Enterprises/Public Services.
Philippe Bance is Professor of Economics at the University of the French Antilles and the President of the International Scientific Council of CIRIEC (International Centre of Research and Information of Public, Social and Cooperative Economy).