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• W1584554858 abstract "The existence of competitive markets is an important prerequisite for privatisation to be successful from a macroeconomic perspective. For this reason it is a vital task of the government to ensure well-functioning free-market competition or (re-)establish it by means of the corresponding regulation and competition policy. There is a pronounced public concern over companies providing services of general interest (Daseinsvorsorge), which may justify a permanent strategic investment of the government as a core shareholder. There is no need, either on grounds of company law or from an economic perspective, for a more far-reaching government involvement in companies to protect the public interest. This study is conceived as a series of three articles. The first article (http://www.wifo.ac.at/wwa/pubid/42850) dealt with the theoretical foundations and mutual relations between private and government ownership of companies. This second part focuses on the empirical evidence and investigates which extent of government withdrawal from state-owned enterprises would be optimal from the perspective of industrial location policy. Finally, the third article (forthcoming) will be dedicated to the practical implementation of privatisation projects and conclusions for economic policy. ● The author is thankful to Gunther Tichy for useful and constructive comments ● The data were processed and analysed with the assistance of Elisabeth Neppl-Oswald ● E-mail adresses: Michael.Boeheim@wifo.ac.at, Elisabeth.Neppl-Oswald@wifo.ac.at" @default.
• W1584554858 created "2016-06-24" @default.
• W1584554858 creator A5042674998 @default.
• W1584554858 date "2011-12-01" @default.
• W1584554858 modified "2023-09-22" @default.
• W1584554858 title "The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies - Empirical Evidence and Considerations for Industrial Location Policy" @default.
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