The Routledge Handbook of State-Owned Enterprises: 1st Edition (Hardback) book cover

The Routledge Handbook of State-Owned Enterprises

1st Edition

Edited by Luc Bernier, Massimo Florio, Phillipe Bance


768 pages | 29 B/W Illus.

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Hardback: 9781138487697
pub: 2020-05-28
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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.


"This refreshing handbook rethinks completely all aspects of state ownership of enterprises and financial firms and develops new theoretical approaches to understand their areas of action and their hybrid ownership structures. Well-grounded in modern economic theory, the handbook provides critical approaches to the study of the state as an entrepreneur, financier and as an innovator. This handbook will become a key reference for scholars interested in economics, public policy, and public management." — Aldo Musacchio, Professor, Brandeis University, Massachusetts, U.S.A.

"Essential reading for scholars, policy-makers and the general public who want a handle on the core contemporary challenges facing State Owned Enterprises today." — Professor Judith Clifton, University of Cantabria and Visiting Scholar, University of Cambridge

"This much needed book from very well-known specialists in public and cooperative economics will spare you years of work to grasp what is new with the current structures and practice of state-owned entreprises (SOE) in the 21st century. The authors discuss these matters from three complementary angles: historical, empirical and theoretical. In the current climate, no one should discard any new role for any type of SOE, before having read this timely and mostly welcome handbook." — Jean-Michel Glachant, Loyola de Palacio Professor in European energy policy and Director Florence School of Regulation (European University Institute).

"Despite the modesty of its title, this "Handbook" is much more than a manual. It presents all the available data and thoroughly tackles the scientific analyses relating to state-owned enterprises, in all their fields of activity and across all continents, with accuracy and precision. From now on, this will be my go-to reference guide!" — Jacques Fournier, former secretary general of the French government, former president of the SNCF, author of "L’économie des besoins" (Paris: Odile Jacob, 2013)

Table of Contents

Introduction 1. The Scope of the Phenomenon 1.1. History of Western State-Owned Enterprises: From the Industrial Revolution to the Age of Globalization 1.2. Local Public Enterprises as Providers of Public Services in European Countries: Shifts and Dynamics 1.3 State-Owned Enterprises: Rising, Falling and Returning? A Brief Overview 1.4 State-Owned Enterprises and the Public Mission: A Multidimensional Lens 1.5 Varieties of State Capitalism and Reformed State-Owned Enterprises in the New Millenium 2. Perspectives on History and Geography 2.1 Concepts of German Gemeinwirtschaftslehre and the Changed Role of Public Enterprises 2.2

State-Owned Enterprise and Privatisation: Some Lessons from the UK 2.3 On Traits of Legitimate Internationally Present State-Owned Enterprises 2.4 State-Owned Enterprises and Industrial Development in Latin America 2.5 The Industrial Policy Role of European State-Invested Enterprises in the 21st Century: Continuity and Change across Phases of Domestic and Global Transformation 2.6 State-Owned Enterprises in Contemporary China 3. Approaches to the Study of SOEs 3.1 Economics of State-Owned Enterprises 3.2 State-Owned Enterprises as Institutional Market Actors: A Gradual Institutional Change Perspective on Domestic SOEs in the Marketization of Public Services 3.3 Legal Aspects of Public Enterprises: Remarks Based on a Comparative Study of French, European and American Legislation 3.4 Don’t Get Too Excited: The Structural Limits of State-Owned Enterprises in Capitalist Economies 3.5 Motivation and Performance in State-Owned Enterprises 3.6 The Politics of State-Owned Enterprises: The case of the rail sector 3.7 Principals and Agents: The Relationship between Governments and State-Owned Enterprises 4. Financial Dimensions of Public Ownership 4.1 Public Stock Ownership 4.2Financialisation and the future for SOEs 4.3 Sovereign Wealth Funds as Internaional Institutional Investors: A Re-evaluation 4.4 Contemporary Development Financial Institutions in Europe 4.5 State-Owned Enterprise Hybrids 5. Issues About Governance 5.1 Corporate Governance of State-Owned Enterprises: Conceptualization, Challenges and Perspectives for the Public Corporate Governance Field 5.2 Corporate Governance in State-Owned Enterprises: The Role of Informal Institutions 5.3 Public Accountability of State-Owned Enterprises: Approaches and Research Trends 5.4 Utilities Policy and Reform: The Changing Relationship Between Citizens and SOEs 5.5 Vox Populi, Vox Dei: State-Owned Enterprises in the Court of Public Opinion 5.6 State-Owned Organization Strategy: At the Interface of Society and Business 6. The Activities and Performance of SOEs 6.1 The Performance of Public Enterprises 6.2 State-Owned Enterprises as Policy Tools 6.3 (Re)municipalisation: A New Era for Ownership and Control of Local Public Service Delivery? 7. SOEs and Innovation: A New Frontier 7.1 Mission-oriented Public Organizations for Knowledge Creation 7.2 Reconsidering Innovation in State-Owned Enterprises 7.3 The Role of State-Owned Enterprises as Drivers of Innovation

About the Editors

Luc Bernier is Jarislowsky Chair of Public Sector Management, Faculty of Social Sciences, University of Ottawa, Canada.

Massimo Florio is Professor of Public Economics, and Jean Monnet Chair of EU Industrial Policy at the University of Milan, Italy.

Philippe Bance is Professor of Economics and the President of the International Scientific Council of CIRIEC (International Centre of Research and Information of Public, Social and Cooperative Economy.

About the Series

Routledge International Handbooks

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Banks & Banking
BUSINESS & ECONOMICS / Entrepreneurship
BUSINESS & ECONOMICS / Money & Monetary Policy
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / International / Economics
BUSINESS & ECONOMICS / Government & Business
BUSINESS & ECONOMICS / Corporate Governance
POLITICAL SCIENCE / Public Policy / Economic Policy