How hybridity has evolved in the governance of state-owned enterprises: evidence from Danish and Swedish passenger rail services from 1990 to 2015

Christensen, Lene Tolstrup

doi:10.1080/09540962.2017.1344016

Cited by 18 publications

(24 citation statements)

References 25 publications

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“…Hybrid organizations in the form of SOEs arise from the context of new public management. Within a process of liberalization and privatization, public service provision has been increasingly transferred from purely government-owned entities to organizations operating at the boundary between the market and the public sector, in a quest for greater efficiency and effectiveness, and hence, a greater ability to compete in a turbulent and evolving environment (Skelcher and Rathgeb Smith, 2017; Tolstrup Christensen, 2017). This process has led to a progressive “internal marketization” of SOEs (Tolstrup Christensen, 2017, p. 402), where institutional logics of social and public interest must necessarily coexist with economic performance and commercial objectives (Grossi and Thomasson, 2015; Skelcher and Rathgeb Smith, 2017; Tolstrup Christensen, 2017).…”

Section: State-owned Enterprises and The Need For Integrated Reportingmentioning

confidence: 99%

Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis

Rossi

Nicolò

Tiron-Tudor

et al. 2020

MEDAR

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Purpose This paper aims to explore the emerging phenomenon of integrated reporting (IR) in the context of state-owned enterprises (SOEs) and proposes a longitudinal analysis of the level of IR disclosure (IRD) provided by a sample of European SOEs for the period 2013–2017, in accordance with IR framework requirements. The study also proposes an analysis of the possible explanatory factors driving the level of IRD. Specific attention is devoted to examine the influence exerted by the public ownership on the level of IRD provided by SOEs. Design/methodology/approach The IRs published by a balanced sample of 18 European SOEs between 2013 and 2017 were examined through a manual content analysis. Several analyzes were performed to assess the relationship between the level of IRD provided by SOEs and some possible determinants. Findings Results show an increasing level of disclosure during the observed period, confirming the relevance of IR as a tool for transparency and accountability within the context of SOEs. Statistical analyzes show that government ownership, external assurance, investor protection and global reporting initiative guidelines adoption positively affect the level of IRD, while SOE size exerts a negative influence. Originality/value As this paper examines a context which has been under-investigated, it presents fresh knowledge about the evolution of IR adoption by European SOEs. Furthermore, this paper identifies some of the explanatory factors that drive the preparation of IR, thus providing international integrated reporting council, policymakers and standard-setters with the relevant information for inclusion in specific guidelines for IR by SOEs.

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Section: State-owned Enterprises and The Need For Integrated Reportingmentioning

confidence: 99%

Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis

Rossi

Nicolò

Tiron-Tudor

et al. 2020

MEDAR

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“…Slične analize provedene su na primjeru većeg broja država i pripadajućih javnih sektora (Rana, Hoque i Jacobs, 2019;Chan, 2019;Lynn Jr., 1999), a značajne su i usporedne analize učinaka reformi javnog sektora različitih zemalja (Baraldi, 2014). Analize javnog sektora pojedinih zemalja, kao što je to slučaj kod Danske i Švedske, u potpunosti su posvećene problematici stvaranja učinkovitog javno-privatnog partnerstva koje je i u Hrvatskoj u određenom političkom momentu imalo snažan zamah (Christensen, 2017;Petersen, 2010;Etherington, 1996). Značajno je i uvođenje novih pokazatelja socijalne održivosti javnih investicija, a koji se u Hrvatskoj nažalost ne koriste prikladno niti dovoljno.…”

Section: Metodologijaunclassified

Determiniranje obilježja djelotvornosti javnog sektora i javnog menadžmenta

Miljenović

Kutnjak

Jakovac

2020

Zb. Veleuč. Rij. (Online)

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Javni sektor u suvremenom poslovnom okruženju biva izložen isti m utjecajima globalnog poslovanja, društvenih i kulturnih promjena kao i privatni sektor, te se sukladno tome prilagođava postojećim socio-ekonomskim potrebama. Zadaća je javnog sektora da zajedno s privatnim sektorom unaprjeđuje društvo, stvara predispozicije društvenog rasta i razvoja, utječe na pozitivno određenje nacionalnih ekonomija i rada poslovnih subjekata u svrhu stvaranja novih vrijednosti. Također, kao javni servis, javni sektor osigurava pravovremeno, kvalitetno i sadržajno ostvarenje interesa građana. Stoga je nužno definirati i razvijati oblike javnog menadžmenta koji se mogu odgovarajuće prilagoditi promjenama okruženja i djelotvorno upravljati različitim aspektima internih funkcija javnog sektora. Cilj rada je istražiti temeljna obilježja suvremenog javnog sektora i na temelju toga odrediti potrebne modalitete javnog menadžmenta. Metodologija istraživanja temelji se na analizi strukture javnog sektora s osvrtom na Republiku Hrvatsku, uz pregled javnih upravljačkih odnosa koji u njemu trenutno postoje. Pritom se uvažava diverzifikacija javnog sektora na opću državu (javnu upravu) i javna (društvena) poduzeća. Svaka razina javnog sektora ima svoje podrazine djelovanja u različitim vidovima djelatnosti sa specifičnim ciljevima i zahtjevima, što pred javni menadžment postavlja uvjet uske specijaliziranosti, multidisciplinarnosti i interaktivnosti s različitim subjektima poslovnog okruženja. Rezultati istraživanja očituju se u predlaganju razvojnog modela menadžmenta s ciljem povećanja reagibilnosti javnog sektora na promjene u suvremenom društvenom i poslovnom okruženju. Istovremeno se kao glavni zaključak nameće da je razvoj transparentnog javnog menadžmenta preduvjet razvoja javnog sektora koji može uspješno zadovoljavati potrebe i pratiti interese svih njegovih korisnika u 21. stoljeću.

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“…Therefore, public governance literature is interested in which tasks are delegated to SOEs, how the delegation changes the interactions between SOEs and citizens, and if SOEs achieve desired outputs and outcomes. These studies concluded that SOEs are hybrid organizations: ‘SOEs are commonly regarded in the academic literature as facing an inherent goal ambiguity as a result of needing to exist as market‐based public organizations while also having to meet certain societal expectation in terms of their objectives and governance as they are owned by the state’ (Christiansen ; see also Rainey and Jung ; Backhaus 2005).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…On the other hand, state‐owned refers to the fact that these organizations must meet certain societal expectations in terms of objectives and governance. Therefore, the academic literature regards SOEs as organizations facing inherently ambiguous goals (Christensen ).…”

Section: Introductionmentioning

confidence: 99%

“…This ambiguity has led to various studies on the governance of SOEs. These studies focus on different aspects of SOE governance, such as mixed ownership (Bruton ), regulatory and governance challenges (Koppell ; Christensen ) and internal processes, such as board composition and value configuration (Alexius and Cisneros Örnberg ; van Thiel ). Based on the insights of these strands of literature, the more practice‐oriented branch of literature known as public corporate governance evolved (Grossi et al.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Strategic Objectives for State‐owned Enterprises as a Means to Mitigate Political Interference: An Empirical Analysis of Two Swiss State‐owned Enterprises

Liechti

Finger

2018

Ann Public Coop Econ

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When governments act as owners of state-owned enterprises (SOEs), they are both principal and agent at the same time. The literature on steering SOEs has mainly focused on the government as the principal that must control SOEs. However, the government is also an agent, vis-à-vis the parliament, because democratic constitutions stipulate some form of parliamentary oversight of the government. This oversight includes checks on how the government steers SOEs. However, this oversight function gives the parliament the power and opportunity to interfere into steering SOEs, which may lead to parliamentary interventions that are not coherent with governmental steering. We draw on principal-agent literature and public-accountability literature to show that arbitrary and hands-on parliamentary interference pose problems for steering SOEs. We analyze whether strategic objectives for SOEs, as recommended by public corporate governance guidelines, are appropriate to minimize parliamentary interference. We hypothesize that the Swiss government avoids or mitigates parliamentary interference by mid-term strategic objectives for SOEs, which counteract short-term parliamentary requests. We find that the Swiss government uses mid-term strategic objectives, particularly financial ones, to reject parliamentary demands for more intervention into SOE activities.

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How hybridity has evolved in the governance of state-owned enterprises: evidence from Danish and Swedish passenger rail services from 1990 to 2015

Cited by 18 publications

References 25 publications

Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis

Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis

Determiniranje obilježja djelotvornosti javnog sektora i javnog menadžmenta

Strategic Objectives for State‐owned Enterprises as a Means to Mitigate Political Interference: An Empirical Analysis of Two Swiss State‐owned Enterprises

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