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Managerial Autonomy of State-Owned Enterprises: Determining Factors

Author

Listed:
  • S. Lioukas

    (Department of Management Science and Marketing, Athens University of Economics and Business, 76 Patission Street, Athens 104-34, Greece)

  • D. Bourantas

    (Department of Management Science and Marketing, Athens University of Economics and Business, 76 Patission Street, Athens 104-34, Greece)

  • V. Papadakis

    (London Business School, Sussex Place, Regent's Park, London NW1 4SA, Great Britain)

Abstract

The present paper reports on managerial autonomy of state-owned enterprises (SOEs), or its reverse: the control which is exerted by government and supervising public authorities on SOEs. First, it examines the types of control applied. Using evidence from a sample of 110 Greek SOEs, the paper identifies certain distinct dimensions of control related to: strategic business-boundary issues, pricing decisions, resource acquisition and mobilisation issues. Second, environmental and organisational “determinants” of the control intensity are identified. Results broadly suggest that the intensity of control, as perceived by enterprise managers, is (i) positively related to dependence on the state for resources, to enterprise size, and to “political visibility,” i.e., social orientation of product market strategy, and (ii) negatively related to market competition and demand unpredictability. An interpretation of the results is attempted drawing on wider organisational, social and economic theories. Policy implications are discussed.

Suggested Citation

  • S. Lioukas & D. Bourantas & V. Papadakis, 1993. "Managerial Autonomy of State-Owned Enterprises: Determining Factors," Organization Science, INFORMS, vol. 4(4), pages 645-666, November.
    • Handle: RePEc:inm:ororsc:v:4:y:1993:i:4:p:645-666
    DOI: 10.1287/orsc.4.4.645
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