The Routledge Handbook of State-Owned Enterprises
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Book Description
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.
Table of Contents
List of figures
List of tables
List of contributors
Preface and acknowledgements
Introduction
Luc Bernier, Massimo Florio and Philippe Bance
PART I
The scope of the phenomenon
1 History of western state-owned enterprises: from the Industrial
Revolution to the age of globalization
Giuseppe Bognetti
2 Local public enterprises as providers of public services in
European countries: shifts and dynamics
Hellmut Wollmann
3 State-owned enterprises: rising, falling and returning? A brief overview
Malcolm G. Bird
4 State-owned enterprises and the public mission: a multidimensional lens
Maddalena Sorrentino
5 Varieties of state capitalism and reformed state-owned enterprises
in the new millennium
Stefano Clò
PART II
Perspectives on history and geography
6 Concepts of German Gemeinwirtschaftslehre and the changed role
of public enterprises
Gabriel Obermann and Thomas Kostal
7 State-owned enterprise and privatisation: some lessons from the UK
David Parker
8 On traits of legitimate internationally present state-owned enterprises
Przemyslaw Kowalski
9 State-owned enterprises and industrial development in Latin America
Francisco Castañeda, Diego Barría Traverso and Jean-Baptiste Carpentier
10 The Industrial policy role of European state-invested enterprises
in the 21st century: continuity and change across phases of
domestic and global transformation
Roberto Cardinale
11 State-owned enterprises in contemporary China
Wendy Leutert
PART III
Approaches to the study of SOEs
12 Economics of state-owned enterprises
Talis J. Putninš
13 State-owned enterprises as institutional market actors: a gradual
institutional change perspective on domestic SOEs in the marketization
of public services
Lene Tolstrup Christensen
14 Legal aspects of public enterprises: remarks based on a comparative
study of French, European and American legislation
Fabien Bottini
15 Don’t get too excited: the structural limits of state-owned
enterprises in capitalist economies
David McDonald
16 Motivation and performance in state-owned enterprises
Johan Willner and Sonja Grönblom
17 The politics of state-owned enterprises: the case of the rail sector
Jane Lethbridge
18 Principals and agents: The relationship between governments
and state-owned enterprises
Sandra van Thiel, Marieke van Genugten and Bart Voorn
PART IV
Financial dimensions of public ownership
19 Public stock ownership
Giacomo Corneo
20 Financialisation and the future for SOEs
Ben Fine and Kate Bayliss
21 Sovereign wealth funds as international institutional investors:
a re-evaluation
Chen Meng
22 Contemporary development financial institutions in Europe
Daniela Vandone, Marco Frigerio and Stefano Clò
23 State-owned enterprise hybrids
Aidan Vining and Claude Laurin
PART V
Issues about governance
24 Corporate governance of state-owned enterprises: conceptualization,
challenges and perspectives for the public corporate governance field
Ulf Papenfuß
25 Corporate governance in state-owned enterprises: the role of
informal institutions
Igor Postula and Aleksandra Wasowska
26 Public accountability of state-owned enterprises: approaches
and research trends
Dorothea Greiling and Christina Schaefer
27 Utilities policy and reform: the changing relationship between
citizens and SOEs
Manto Lampropoulou
28 Vox populi, vox dei: state-owned enterprises in the court of
public opinion
Carole Rentsch, Fabian Liechti and Matthias Finger
29 State-owned organization strategy: at the interface of society
and business
Taïeb Hafsi
PART VI
The activities and performance of SOEs
30 The performance of public enterprises
Sergio Perelman and Pierre Pestieau
31 State-owned enterprises as policy tools
Michael Howlett and M. Ramesh
32 (Re)municipalisation: a new era for ownership and control
of local public service delivery?
Daniel Albalate, Germà Bel and Eoin Reeves
PART VII
SOEs and innovation: a new frontier
33 Mission-oriented public organizations for knowledge creation
Paolo Castelnovo and Massimo Florio
34 Reconsidering innovation in state-owned enterprises
Matteo Landoni
35 The role of state-owned enterprises as drivers of innovation
María del Carmen Sánchez-Carreira, Xavier Vence and Óscar Rodil-Marzábal
Conclusion
Luc Bernier, Massimo Florio and Philippe Bance
Index
Editor(s)
Biography
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).
Reviews
“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, USA“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 enterprises (SOEs) 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 most 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 (2013)