List of figures List of tables List of contributors Preface and acknowledgements Introduction Luc Bernier, Massimo Florio and Philippe Bance PART I The scope of the phenomenon 1 History of western state-owned enterprises: from the Industrial Revolution to the age of globalization Giuseppe Bognetti 2 Local public enterprises as providers of public services in European countries: shifts and dynamics Hellmut Wollmann 3 State-owned enterprises: rising, falling and returning? A brief overview Malcolm G. Bird 4 State-owned enterprises and the public mission: a multidimensional lens Maddalena Sorrentino 5 Varieties of state capitalism and reformed state-owned enterprises in the new millennium Stefano Clò PART II Perspectives on history and geography 6 Concepts of German Gemeinwirtschaftslehre and the changed role of public enterprises Gabriel Obermann and Thomas Kostal 7 State-owned enterprise and privatisation: some lessons from the UK David Parker 8 On traits of legitimate internationally present state-owned enterprises Przemyslaw Kowalski 9 State-owned enterprises and industrial development in Latin America Francisco Castañeda, Diego Barría Traverso and Jean-Baptiste Carpentier 10 The Industrial policy role of European state-invested enterprises in the 21st century: continuity and change across phases of domestic and global transformation Roberto Cardinale 11 State-owned enterprises in contemporary China Wendy Leutert PART III Approaches to the study of SOEs 12 Economics of state-owned enterprises Talis J. Putninš 13 State-owned enterprises as institutional market actors: a gradual institutional change perspective on domestic SOEs in the marketization of public services Lene Tolstrup Christensen 14 Legal aspects of public enterprises: remarks based on a comparative study of French, European and American legislation Fabien Bottini 15 Don’t get too excited: the structural limits of state-owned enterprises in capitalist economies David McDonald 16 Motivation and performance in state-owned enterprises Johan Willner and Sonja Grönblom 17 The politics of state-owned enterprises: the case of the rail sector Jane Lethbridge 18 Principals and agents: The relationship between governments and state-owned enterprises Sandra van Thiel, Marieke van Genugten and Bart Voorn PART IV Financial dimensions of public ownership 19 Public stock ownership Giacomo Corneo 20 Financialisation and the future for SOEs Ben Fine and Kate Bayliss 21 Sovereign wealth funds as international institutional investors: a re-evaluation Chen Meng 22 Contemporary development financial institutions in Europe Daniela Vandone, Marco Frigerio and Stefano Clò 23 State-owned enterprise hybrids Aidan Vining and Claude Laurin PART V Issues about governance 24 Corporate governance of state-owned enterprises: conceptualization, challenges and perspectives for the public corporate governance field Ulf Papenfuß 25 Corporate governance in state-owned enterprises: the role of informal institutions Igor Postula and Aleksandra Wasowska 26 Public accountability of state-owned enterprises: approaches and research trends Dorothea Greiling and Christina Schaefer 27 Utilities policy and reform: the changing relationship between citizens and SOEs Manto Lampropoulou 28 Vox populi, vox dei: state-owned enterprises in the court of public opinion Carole Rentsch, Fabian Liechti and Matthias Finger 29 State-owned organization strategy: at the interface of society and business Taïeb Hafsi PART VI The activities and performance of SOEs 30 The performance of public enterprises Sergio Perelman and Pierre Pestieau 31 State-owned enterprises as policy tools Michael Howlett and M. Ramesh 32 (Re)municipalisation: a new era for ownership and control of local public service delivery? Daniel Albalate, Germà Bel and Eoin Reeves PART VII SOEs and innovation: a new frontier 33 Mission-oriented public organizations for knowledge creation Paolo Castelnovo and Massimo Florio 34 Reconsidering innovation in state-owned enterprises Matteo Landoni 35 The role of state-owned enterprises as drivers of innovation María del Carmen Sánchez-Carreira, Xavier Vence and Óscar Rodil-Marzábal Conclusion Luc Bernier, Massimo Florio and Philippe Bance Index