The Routledge Handbook of State-Owned Enterprises

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 Lconomie des besoins (2013)

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).

Introduction Part I: The Scope of the Phenomenon 1. History of Western State-Owned Enterprises: From the Industrial Revolution to the Age of Globalization 2. Local Public Enterprises as Providers of Public Services in European Countries: Shifts and Dynamics 3. State-Owned Enterprises: Rising, Falling and Returning? A Brief Overview 4. State-Owned Enterprises and the Public Mission: A Multidimensional Lens 5. Varieties of State Capitalism and Reformed State-Owned Enterprises in the New Millennium Part II: Perspectives on History and Geography 6. Concepts of German Gemeinwirtschaftslehre and the Changed Role of Public Enterprises 7. State-Owned Enterprise and Privatisation: Some Lessons from the UK 8. On Traits of Legitimate Internationally Present State-Owned Enterprises 9. State-Owned Enterprises and Industrial Development in Latin America 10. The Industrial Policy Role of European State-Invested Enterprises in the 21st Century: Continuity and Change across Phases of Domestic and Global Transformation 11. State-Owned Enterprises in Contemporary China Part III: Approaches to the Study of SOEs 12. Economics of State-Owned Enterprises 13. State-Owned Enterprises as Institutional Market Actors: A Gradual Institutional Change Perspective on Domestic SOEs in the Marketization of Public Services 14. Legal Aspects of Public Enterprises: Remarks Based on a Comparative Study of French, European and American Legislation 15. Dont Get Too Excited: The Structural Limits of State-Owned Enterprises in Capitalist Economies 16. Motivation and Performance in State-Owned Enterprises 17. The Politics of State-Owned Enterprises: The case of the rail sector 18. Principals and Agents: The Relationship between Governments and State-Owned Enterprises Part IV: Financial Dimensions of Public Ownership 19. Public Stock Ownership 20. Financialisation and the future for SOEs 21. Sovereign Wealth Funds as Internaional Institutional Investors: A Re-evaluation 4.4 Contemporary Development Financial Institutions in Europe 4.5 State-Owned Enterprise Hybrids Part V: Issues About Governance 24. Corporate Governance of State-Owned Enterprises: Conceptualization, Challenges and Perspectives for the Public Corporate Governance Field 25. Corporate Governance in State-Owned Enterprises: The Role of Informal Institutions 26. Public Accountability of State-Owned Enterprises: Approaches and Research Trends 27. Utilities Policy and Reform: The Changing Relationship Between Citizens and SOEs 28. Vox Populi, Vox Dei: State-Owned Enterprises in the Court of Public Opinion 29. State-Owned Organization Strategy: At the Interface of Society and Business Part VI: The Activities and Performance of SOEs 30. The Performance of Public Enterprises 31. State-Owned Enterprises as Policy Tools 32. (Re)municipalisation: A New Era for Ownership and Control of Local Public Service Delivery? Part VII: SOEs and Innovation: A New Frontier 33. Mission-oriented Public Organizations for Knowledge Creation 34. Reconsidering Innovation in State-Owned Enterprises 35. The Role of State-Owned Enterprises as Drivers of Innovation Conclusion: Where do we go now?