Corporate Governance and Regulation in Privatized Utilities: Telecommunications in Four European Countries
AbstractThis paper analyzes the evolution of corporate governance and regulation in privatized telecommunication companies in the four largest EU economies. A political-economy approach is used to test the validity of the convergence hypothesis, which posits that globalization should produce convergence in business practices, ownership patterns, and regulatory frameworks. While there are signs that the structure of ownership and monitoring in continental Europe is adopting some of the features of the Anglo-Saxon arms-length governance system, corporate decisions remain shaped by durable national institutions and distinctive political traditions regarding the role of the corporation in society, the ''just'' level of executive remuneration, the concept of universal service, and the involvement of the state in corporate restructuring.
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Bibliographic InfoArticle provided by De Gruyter in its journal Business and Politics.
Volume (Year): 2 (2000)
Issue (Month): 2 (August)
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Web page: http://www.degruyter.com
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- Judith Clifton & Francisco ComÃn & Daniel DÃaz-Fuentes, 2011.
"From national monopoly to multinational corporation: How regulation shaped the road towards telecommunications internationalisation,"
Business History, Taylor & Francis Journals,
Taylor & Francis Journals, vol. 53(5), pages 761-781, August.
- Clifton, Judith & DÃaz-Fuentes, Daniel & ComÃn ComÃn, Francisco, 2011. "From national monopoly to Multinational Corporation: how regulation shaped the road towards telecommunications internationalization," MPRA Paper 33017, University Library of Munich, Germany.
- Loukas Spanos & Demetrios Papoulias, 2005. "Corporate Governance as an instrument of change state owned Corporate Governance as an instrument of change state owned companies: The case of the Hellenic Telecommunications Organization," Finance, EconWPA 0508004, EconWPA.
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