Management Discretion and Political Interference in Municipal Enterprises. Evidence from Italian Utilities
@article{Garrone2010ManagementDA, title={Management Discretion and Political Interference in Municipal Enterprises. Evidence from Italian Utilities}, author={Paola Garrone and Luca Grilli and Xavier Rousseau}, journal={Local Government Studies}, year={2010}, volume={39}, pages={514 - 540} }
Abstract The attention of scholars and policy-makers is shifting from full privatisation to alternative measures as a means to improve the efficiency of public services. This article focuses on three restructuring measures adopted by local governments: partial privatisation (without transfer of control rights), inter-municipal joint ventures, and the presence of outside directors on the Board. Divergent hypotheses on these measures have emerged from two economic theories, namely public choice…
41 Citations
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