Read more
The only book of its kind, this study of the corporate governance of for-profit business corporations examines the history of government corporations, the problems associated with mating the corporation to a public use, the possibilities for rent-seeking associated with government corporations, a new body of empirical evidence on governance practices and some of the potential areas for reform in government corporations.
List of contents
Contents: Introduction; Historical and comparative issues; The management of the government corporation; The government as shareholder; Stakeholders and corporate governance; Reforming government corporations; Bibliography; Index.
About the author
The late Michael J. Whincop was the Professor and Law School Director of the Business Ethics and Corporate Regulation Program at the Key Centre for Ethics, Law, Justice and Governance at Griffith University, Australia.
Summary
Many governments across the world have responded to the need for greater efficiency in the delivery of government services by the reorganization of these bureaucracies along the lines of for-profit business corporations. In doing so, governments have relied on the capacity for governance practices to overcome the weaker incentives created by the attenuated 'property rights' that are created in public enterprise.
Additional text
'...an interesting and important addition to corporate governance scholarship...This pioneering effort at examining [governmental corporatinos] should inspire much additional work.' The Law and Politics Book Review
