A General Critique of the Theory on Public Enterprise: Part II – How Is Public Enterprise Different from Private?
International Journal of Public Sector Management
ISSN: 0951-3558
Article publication date: 1 May 1993
Abstract
There is no general theory of public enterprise (PE), and the miscellany of separate theorizations on the subject has created a conceptual quagmire. Advances some hypotheses gleaned from the literature on the PE concerning confusion in the PE′s objective function, investment tendencies and cost of capital, “fairness” as international competitors, influence of the societal environment, and other major theoretical issues. Hypotheses are modified to accommodate the Singapore experience with PEs. Singapore represents a rare phenomenon – a case of a successful PE system.
Keywords
Citation
Sikorski, D. (1993), "A General Critique of the Theory on Public Enterprise: Part II – How Is Public Enterprise Different from Private?", International Journal of Public Sector Management, Vol. 6 No. 5. https://doi.org/10.1108/09513559310043020
Publisher
:MCB UP Ltd
Copyright © 1993, MCB UP Limited