IDEAS home Printed from https://ideas.repec.org/a/prg/jnloce/v18y2025i2id304p55-76.html

Typology of Municipal Enterprises Based on the Case of the Shareholding Portfolio of the City of Prague
[Typologie městských obchodních společností na případu akciového portfolia hl. m. Prahy]

Author

Listed:
  • Jakub Mašek
  • Radana Šmídová

Abstract

The article defines a typology of municipally owned enterprises using the City of Prague's shareholding portfolio as a case study. The authors draw on four semi-structured interviews with key stakeholders (civil servants, political representatives, and company management), as well as internal documents and relevant legislation. The main outcome of the study is the classification of municipal companies into three categories: (i) public-service providers, (ii) profit-oriented enterprises, and (iii) asset-management companies.

Suggested Citation

  • Jakub Mašek & Radana Šmídová, 2025. "Typology of Municipal Enterprises Based on the Case of the Shareholding Portfolio of the City of Prague [Typologie městských obchodních společností na případu akciového portfolia hl. m. Prahy]," Oceňování, Prague University of Economics and Business, vol. 18(2), pages 55-76.
    • Handle: RePEc:prg:jnloce:v:18:y:2025:i:2:id:304:p:55-76
    DOI: 10.18267/j.ocenovani.304
    as

    Download full text from publisher

    File URL: http://ocenovani.vse.cz/doi/10.18267/j.ocenovani.304.html
    Download Restriction: free of charge
    File URL: http://ocenovani.vse.cz/doi/10.18267/j.ocenovani.304.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.ocenovani.304?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Bart Voorn & Marieke L. van Genugten & Sandra van Thiel, 2017. "The efficiency and effectiveness of municipally owned corporations: a systematic review," Local Government Studies, Taylor & Francis Journals, vol. 43(5), pages 820-841, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Davide Giacomini & Paola Zola & Diego Paredi & Mario Mazzoleni, 2020. "Environmental disclosure and stakeholder engagement via social media: State of the art and potential in public utilities," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1552-1564, July.
    2. José M. Alonso & Rhys Andrews, 2025. "Does not‐for‐profit corporatization of local public services improve performance?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 44(2), pages 612-631, March.
    3. Ligorio, Lorenzo & Caputo, Fabio & Venturelli, Andrea, 2022. "Sustainability disclosure and reporting by municipally owned water utilities," Utilities Policy, Elsevier, vol. 77(C).
    4. Ray Ferza & Don S. Lee, 2026. "Online Accessibility of Local Public Enterprise Financial Statements in Indonesia: Can it be Predicted by Institutional Traits of Parent Local Governments?," Public Administration & Development, Blackwell Publishing, vol. 46(1), pages 7-20, February.
    5. Anna Białek‐Jaworska, 2022. "Revenue diversification and municipally owned companies’ role in shaping the debt of municipalities," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 931-975, December.
    6. Ferry, Laurence & Wegorowski, Piotr & Andrews, Rhys, 2024. "Hybridity, institutional logics and value creation mechanisms in the corporatisation of social care," The British Accounting Review, Elsevier, vol. 56(1).
    7. Ioana Andreea Ciolomic & Ioana Natalia Beleiu & Razvan Liviu Nistor, 2024. "A bibliometric analysis of state‐owned enterprises’ governance and performance: Trends and perspectives in the field," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 95(4), pages 1251-1275, December.
    8. Bart Voorn & Marieke van Genugten & Sandra Van Thiel, 2020. "Performance of municipally owned corporations: Determinants and mechanisms," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 91(2), pages 191-212, June.
    9. Antonio Massarutto & Andrea Garlatti & Stefano Miani & Ernesto Cassetta & Silvia Iacuzzi, 2021. "Evaluating the performance of local SoEs as output‐maximizing entities: The case of Friuli Venezia Giulia," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(2), pages 307-332, June.
    10. Krause, Tobias Alexander & Ivanov, Igor & Sidki, Marcus, 2023. "Blame or gain? Is institutional trust impacted by the perception of political influence in state-owned enterprises?," Working Paper Series 30, Frankfurt University of Applied Sciences, Faculty of Business and Law.
    11. Leon Wansleben & Nils Neumann, 2024. "Entrepreneurs beyond neoliberalism: Municipally owned corporations and climate change mitigation in German cities," Urban Studies, Urban Studies Journal Limited, vol. 61(5), pages 799-820, April.
    12. Germà Bel & Marianna Sebo, 2018. "“Does inter-municipal cooperation really reduce delivery costs? An empirical evaluation of the role of scale economies, transaction costs, and governance arrangements”," IREA Working Papers 201816, University of Barcelona, Research Institute of Applied Economics, revised Jul 2018.
    13. Rhys Andrews, 2022. "Organizational Publicness and Mortality: Explaining the Dissolution of Local Authority Companies," Public Management Review, Taylor & Francis Journals, vol. 24(3), pages 350-371, March.
    14. Marian Kachniarz & Zbigniew Piepiora, 2019. "The Effectiveness of Administrative Consolidation Processes in Urban Functional Areas. Case Studies from Poland and the USA," Proceedings of the 14th International RAIS Conference, August 19-20, 2019 007MK, Research Association for Interdisciplinary Studies.
    15. Marc Pilon & Alisher Mansurov, 2024. "Hybrid organizations: a classification within economic sectors," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-7, December.
    16. Shohei Nagasawa, 2018. "Asymmetric cost behavior in local public enterprises: exploring the public interest and striving for efficiency," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(3), pages 225-273, December.
    17. Coluccia, Benedetta & Barbieri, Roberta & Palmi, Pamela & Natale, Francesco, 2024. "Public ownership and ESG policies: implications for firm productivity in local transportation," Utilities Policy, Elsevier, vol. 89(C).
    18. D'Amore, Gabriella & Landriani, Loris & Lepore, Luigi, 2021. "Ownership and sustainability of Italian water utilities: The stakeholder role," Utilities Policy, Elsevier, vol. 71(C).
    19. Paolo Esposito & Spiridione Lucio Dicorato & Emanuele Doronzo, 2021. "The effect of ownership on sustainable development and environmental policy in urban waste management: An explicatory empirical analysis of Italian municipal corporations," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1067-1079, February.
    20. Tafuro, Alessandra & Dammacco, Giuseppe & Esposito, Paolo & Mastroleo, Giovanni, 2022. "Rethinking performance measurement models using a fuzzy logic system approach: a performative exploration on ownership in waste management," Socio-Economic Planning Sciences, Elsevier, vol. 79(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnloce:v:18:y:2025:i:2:id:304:p:55-76. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.