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Public Institution Management. Case study of CFR Marfa


  • Sorin Adrian Ciupitu


  • Gabriel I. Nastase

    () ("Dimitrie Cantemir" Christian University)


In the developed countries, public institutions had an important role but once with privatisation, they had gone into the sideline. The privatization took place when those companies were no longer profitable due to faulty management of a manager who either was not skilful or he led with bad intent, aiming at destroying the institution with various advantages already promised or received from a rival company.

Suggested Citation

  • Sorin Adrian Ciupitu & Gabriel I. Nastase, 2013. "Public Institution Management. Case study of CFR Marfa," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 43-47, December.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:4:p:43-47

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    References listed on IDEAS

    1. Fama, Eugene F & French, Kenneth R, 1992. " The Cross-Section of Expected Stock Returns," Journal of Finance, American Finance Association, vol. 47(2), pages 427-465, June.
    2. Welch, Ivo, 2000. "Views of Financial Economists on the Equity Premium and on Professional Controversies," The Journal of Business, University of Chicago Press, vol. 73(4), pages 501-537, October.
    3. Kent Daniel & David Hirshleifer & Avanidhar Subrahmanyam, 1998. "Investor Psychology and Security Market Under- and Overreactions," Journal of Finance, American Finance Association, vol. 53(6), pages 1839-1885, December.
    4. Fama, Eugene F & French, Kenneth R, 1995. " Size and Book-to-Market Factors in Earnings and Returns," Journal of Finance, American Finance Association, vol. 50(1), pages 131-155, March.
    5. Fama, Eugene F, 1991. " Efficient Capital Markets: II," Journal of Finance, American Finance Association, vol. 46(5), pages 1575-1617, December.
    6. Fama, Eugene F. & French, Kenneth R., 1993. "Common risk factors in the returns on stocks and bonds," Journal of Financial Economics, Elsevier, vol. 33(1), pages 3-56, February.
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    More about this item


    Public institution; management; privatization; manager; employee;

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption


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