State-Owned Enterprise in the Western Economies (Routledge Revivals): 1st Edition (Paperback) book cover

State-Owned Enterprise in the Western Economies (Routledge Revivals)

1st Edition

Edited by Raymond Vernon, Yair Aharoni


204 pages

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First published in 1981, this edited collection reviews the operations of state-owned enterprises, examining the actual performance of such organisations in the advanced industrialised countries. The authors consider the regularities and characteristics of state-owned enterprises, in particular the persistent efforts of managers to increase their autonomy and escape from the oversight of government agencies and the public. Chapters consider principles of finance and decision-making in these organisations and provide a truly international perspective with case studies in Italy, France and Britain. This is a timely reissue in context of the current economic climate, which will be of great value to students and academics with an interest in the nationalisation of companies, international business and the relationship between governments and managers.

Table of Contents

Preface; 1. Introduction Raymond Vernon 2. Economic Theory and Financial Management John Lintner 3. Decision Making in the State-Owned Enterprise Howard Raiffa 4. On Finance and Decision Making Kenneth J. Arrow 5. The Italian Enterprises: The Political Constraints Franco A. Grassini 6. The Italian Experience: A Historical Perspective Alberto Martinelli 7. The French Experience: Conflicts with Government John-Pierre C. Anastassopoulos 8. The British Experience: The Case of British Rail Michael Beesley and Tom Evans 9. State-owned Oil Companies: Western Europe Øystein Noreng 10. Public Control and Corporate Efficiency Sabino Cassese 11. Accountability and Audit E. Leslie Normanton 12. State Trading M. M. Kostecki 13. Managerial Discretion Yair Aharoni; Notes on Contributors; Index

About the Series

Routledge Revivals

Are there elusive titles that you need and have been trying to source for years but thought that you would never be able to find?

Well this may be the end of your quest – here is a fantastic opportunity for you to discover past brilliance and purchase previously out of print and unavailable titles by some of the world’s most eminent academic scholars.

Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

If you are interested in Revivals in the Behavioral Sciences, please visit

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Corporate Finance
BUSINESS & ECONOMICS / Government & Business