State-Owned Enterprises in Developed Market Economies

Theory and Empirics

Chiara F. Del Bo (University of Milan), Massimo Florio (University of Milan), Marco Frigerio (University of Siena) , Daniela Vandone (University of Milan)

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English

Cambridge University Press
06 March 2025

Public finance

Series: Elements in Public Economics

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After briefly reviewing the received doctrine prior to the waves of privatisations beginning in the 1980s, this Element offers a survey of various analytical frameworks on State Owned Enterprises (SOEs) from the perspective of applied welfare economics. The focus then shifts to a positive analysis of the comparative performance of private versus public enterprises, with a specific emphasis on SOEs in developed market economies over the past two decades; key metrics examined include profitability, productivity, internationalisation, innovativeness, and environmental sustainability. The Element also addresses empirical methodological issues, alongside contextual conditions and institutional factors that help explain the outcomes. It reviews selected contributions from public economics, industrial organisation, corporate governance, management studies and other social sciences. Overall, the Element aims to redefine a neglected research area in public economics, considering the new circumstances of the twenty-first century, where SOEs compete with other firms in developed market economies.

By: Chiara F. Del Bo (University of Milan), Massimo Florio (University of Milan), Marco Frigerio (University of Siena), Daniela Vandone (University of Milan)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
ISBN: 9781009625258
ISBN 10: 100962525X
Series: Elements in Public Economics
Pages: 75
Publication Date: 06 March 2025
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Forthcoming