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The Routledge Handbook of State-Owned Enterprises

The Routledge Handbook of State-Owned Enterprises
Author: Luc Bernier
Publisher: Routledge
Total Pages: 679
Release: 2020-05-27
Genre: Business & Economics
ISBN: 135104253X

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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.


Market or Government Failures?

Market or Government Failures?
Author: A. Bhalla
Publisher: Springer
Total Pages: 248
Release: 2001-03-13
Genre: Business & Economics
ISBN: 0230629202

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Choosing between government and market is not a very helpful exercise since both are necessary. This book argues that it is misplaced to dichotomise between government and market failures. Too much attention is generally placed on government failures and not enough on private corporate failures. Failures occur in both public and private corporate spheres. They may be due to lapses in implementation of policies and programmes. Lack of enforcement in developing countries occurs either because rules and norms do not exist or they are poorly enforced. Emphasis on implementation problems highlights the importance of organizations and institutions.


The Financial Economics of Privatization

The Financial Economics of Privatization
Author: William L. Megginson
Publisher: Oxford University Press
Total Pages: 533
Release: 2005-01-13
Genre: Business & Economics
ISBN: 0198034318

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Since 1981, over 100 governments around the world have raised over $1 trillion through the sale of SOEs to private investors. Privatization programs have transformed the role of the state in virtually all-major economies, and have massively increased the capitalization and liquidity of all non-U.S. stock markets. The focus of this book lies on where privatization stands today and what are the next frontiers, the why and how behind countries who privatize certain industries, whether privatization works as an economic tool and important insights relevant to financial institutions such as how to value privatized industries, how share offerings differ from private offerings, and how countries go about harnessing private capital. The book will also represent a key and unique source for information related to the details of asset sales privatization, a summary of statistics of privatized companies from 54 international stock exchanges, regulatory changes and sources for privatization information for investors, government officials, bankers and financial specialists. The volume will serve as an invaluable reference for professionals and as a core or supplementary text in privatization courses.


State-Owned Multinationals

State-Owned Multinationals
Author: Alvaro Cuervo-Cazurra
Publisher: Springer
Total Pages: 287
Release: 2017-10-24
Genre: Business & Economics
ISBN: 3319517155

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This book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global strategy. This prestigious collection of articles presents insights into the interaction between government ownership and internationalization, and aims to provoke new research approaches and insights on the topic. The book includes some of the key contributions to our understanding of these firms and new commentaries explaining how to analyze them. This book is essential reading for academics and consultants looking to gain a clearer understanding of SOMNCs and how to research them.


Public Management in Korea

Public Management in Korea
Author: Soonae Park
Publisher: Routledge
Total Pages: 392
Release: 2018-10-03
Genre: Business & Economics
ISBN: 1351061372

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Many books on performance management or evaluation are about the public sector in general or specifically about some programs or organizations. Only a few of them target the public institutions. This book addresses what types of challenges that performance evaluations of public institutions actually face and how to overcome them through the analysis of Korea’s three-decade long experiences. This book provides detailed descriptions on how performance evaluations of public institutions have been implemented in Korea. At the same time, it provides comprehensive analyses on theoretical issues such as validity analysis performance measure, the dynamic change of efficiency of public institution, impact of price regulation on profits, and qualitative approaches for evaluating governance. Each chapter contains vivid theoretical debates and diverse views on performance evaluation and practical challenges, making the book a useful reference on managing and evaluating public institutions.


Socialist Economic Systems

Socialist Economic Systems
Author: Steven Rosefielde
Publisher: Taylor & Francis
Total Pages: 291
Release: 2023-06-29
Genre: Business & Economics
ISBN: 1000899527

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Bernie Sanders’ socialist advocacy in the United States, communist China’s economic successes and a Marxist revival are inspiring many to muse about improved strategies for building superior socialist futures. Socialist Economic Systems provides an objective record of socialism’s promises and performance during 1820–2022, identifies a feasible path forward and provides a rigorous analytic framework for the comparison of economic systems. The book opens by surveying pre-industrial utopias from Plato to Thomas More, and libertarian communal designs for superior living. It plumbs all aspects of the revolutionary and democratic socialist political movements that emerged after 1870 and considers the comparative economic, political and social performance of the USSR and others from the Bolshevik Revolution onwards. The book also provides case studies for all revolutionary Marxist–Leninist regimes, and supplementary discussions of Mondragon cooperatives, Israeli kibbutzim, Nordic corporatism and European democratic socialism. It investigates the theoretical and practical complexities of command-planning, reform communism, market communism, worker economic management and egalitarianism. It examines communism as an engine of economic growth, and a mechanism for improving people’s quality of existence, including living standards, labor self-governance, egalitarianism, social justice, and prevention of crimes against humanity before addressing the perennial question of what needs to be done next. A suggested path forward is elaborated drawing lessons from the warts-and-all historical performance of socialist economies during 1917–2022 and failed socialist prophesy. The evidence indicates that the key to 21st-century socialism success lies in empowering workers of all descriptions to govern democratically for their mutual protection and welfare without the extraneous imposition of priorities imposed by other movements. The book is essential reading for anyone interested in socialism, political economy, comparative economic systems, and political and social history.


Railway Reform in China

Railway Reform in China
Author: OECD
Publisher: OECD Publishing
Total Pages: 48
Release: 2003-07-24
Genre:
ISBN: 9264103597

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This paper, prepared by the OECD and the Development Research Center under the State Council of the People’s Republic of China (DRC), discusses principles for reforming the Chinese railway, based on experience of rail reform in OECD countries.


Contract Law and Economics

Contract Law and Economics
Author: Gerrit de Geest
Publisher: Edward Elgar Publishing
Total Pages: 497
Release: 2010-10
Genre: Law
ISBN: 1849806640

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This unique and timely book offers an up-to-date, clear and comprehensive review of the economic literature on contract law. The topical chapters written by leading international scholars include: precontractual liability, misrepresentation, duress, gratuitous promises, gifts, standard form contracts, interpretation, contract remedies, penalty clauses, impracticability and foreseeability. Option contracts, warranties, long-term contracts, marriage contracts, franchise contracts, quasi-contracts, behavioral approaches, and civil contract law are also discussed. This excellent resource on contract law and economics will be particularly suited to contract law scholars, law teachers, policy makers, and judges. For experts in and practitioners of contract law this will be a key book to buy.