Archive pour mars 2012

Corporatization and the behavior of public firms: how shifting control rights affects political interference

Numéro: 2012-3 Corporatization and the behavior of public firms: how shifting control rights affects political interference Michael Klien (Chaire EPPP) Abstract: As an alternative to privatization, corporatization implies a shift of control rights from politicians to managers while ownership remains public. Even though corporatized firms are fairly common – both in Europe and the US – little…

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