Advanced Search
MyIDEAS: Login to save this paper or follow this series

Corporate Governance in a Public Sector Context. A study of governance processes in jointly owned municipal companies

Contents:

Author Info

  • Anna THOMASSON

    ()

Abstract

According to agency theory owners need to exert control over their companies in order to secure that their interests are protected. The results presented in this paper contradicts agency theory and instead shows how too much control can be contra productive. The purpose of the paper is to study the governance process in jointly owned municipal companies in order to analyse how divergent interests are managed. To accomplish that, two case studied of jointly owned municipal companies in Sweden have been conducted. The analysis of the cases shows how the various interests of the owners complicate not only the governance process, but also the situation for the managing director. Based on the two cases studied factors influencing the governance process have been identified and a discussion is made in regards to how the owners, the board of directors and the managing director can act in order to reduce the complexity. Here trust and communication has been identified as being two important factors when it comes to reduce the complexity and enable the managing director to respond to the needs of all owners.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://wp.demm.unimi.it/tl_files/wp/2010/DEMM-2010_037wp.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2010-37.

as in new window
Length:
Date of creation: 22 Nov 2010
Date of revision:
Handle: RePEc:mil:wpdepa:2010-37

Contact details of provider:
Postal: Via Conservatorio 7, I-20122 Milan - Italy
Phone: +39 02 50321522
Fax: +39 02 50321505
Web page: http://www.demm.unimi.it
More information through EDIRC

Related research

Keywords: Corporate governance; municipal company; stewardship theory; agency theory; joint ownership;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Andrea ZATTI, 2011. "New organizational models in European Local Public Transport: from Myth to Reality," CIRIEC Working Papers 1106, CIRIEC - Université de Liège.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mil:wpdepa:2010-37. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (DEMM Working Papers) The email address of this maintainer does not seem to be valid anymore. Please ask DEMM Working Papers to update the entry or send us the correct address.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.