Management Discretion and Political Interference in Municipal Enterprises. Evidence from Italian Utilities

@article{Garrone2013ManagementDA,
  title={Management Discretion and Political Interference in Municipal Enterprises. Evidence from Italian Utilities},
  author={P. Garrone and L. Grilli and X. Rousseau},
  journal={Local Government Studies},
  year={2013},
  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… Expand
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