| Description |
1 online resource (350 pages) |
| Series |
Routledge Revivals |
|
Routledge revivals.
|
| Contents |
Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Table of Contents; Preface; 1. Introduction; An Emerging Institution; Contributions of Economic Theory; A Confusion of Goals; The Performance of State-owned Enterprises; The International Implications; Future Work; Notes; 2. Economic Theory and Financial Management; Basic Theory: Ignoring Risk and Uncertainty; Discount Rates for State-owned Enterprise Investments with Uncertain Cash Flows; Technical Notes; (1) Optimal Commodity and Excise Taxation; (2) Optimal Subsidies for State-owned Enterprises |
|
(3) Interest Rates as Investment Criteria Under Second-best Conditions(4) On CAPM; (5) On Betas; (6) On Systematic and Unsystematic Risks; (7) Adjustment in Required State-owned Enterprise Returns for (Private) Profits Taxes; (8) Bias in Capital Budgeting Criteria; (9) On the Efficient Markets Hypothesis; Notes; References; 3. Decision Making in the State-owned Enterprise; The Setting; Implications; Managing Downwards; 4. On Finance and Decision Making; Notes; 5. The Italian Enterprises: The Political Constraints; Management Selection; Investments; Trade Unions |
|
Management's Reaction to Political ConstraintsNotes; 6. The Italian Experience: A Historical Perspective; Structure of the Public Sector; Evolution of the Relationship between State-owned Enterprises and Government; State-owned Enterprise Relations with Private Business and Labour; State-owned Enterprises as Agencies of National Planning; Notes; 7. The French Experience: Conflicts with Government; Case 1: Air France Tries to Replace the French Caravelle; Case 2: Air France moves to Charles de Gaulle Airport; Case 3: Electricité de France Orders Nuclear Plants |
|
Case 4: Home Electrical Heating and the Energy CrisisCase 5: Political Conflict Peaks over the National TV News Reports; Case 6: Renault Refuses to Invest in Brittany; Case 7: Renault Workers get Four Weeks of Holiday; Analysis and Synthesis; 8. The British Experience: The Case of British Rail; Historical Background; British Rail and Its Sponsor Department; Planning in British Rail; Management Processes and Design; A Starting-point; Notes; 9. State-owned Oil Companies: Western Europe; Origins of the Enterprises; Patterns of Control; Problems of Control; Comparisons and Contrasts; Notes |
|
10. Public Control and Corporate EfficiencyHistorical Background; Bureaucratic Control; Control by Direction; Control Through Information; Market-oriented Control; From Financial Control to Efficiency Control; Conflict in Control; Notes; 11. Accountability and Audit; United States; The United Kingdom; France; Conclusion; Notes; 12. State Trading; Foreign Trade; Domestic Objectives; International Monopoly Power; Trade and International Politics; Foreign Trade and Economies of Scale; Prospects and Recommendations for International Action; Appendix; Notes; 13. Managerial Discretion |
| Summary |
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 Br |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Managerial Discretion as an Agency Cost |
|
Print version record |
| Subject |
Government business enterprises.
|
|
BUSINESS & ECONOMICS -- Industries -- General.
|
|
Government business enterprises
|
| Form |
Electronic book
|
| Author |
Vernon, Raymond, 1913-1999.
|
|
Aharoni, Yair
|
| ISBN |
9781317917694 |
|
1317917693 |
|
