A contractual analysis of state versus private ownership

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A contractual analysis of state versus private ownership

We uniquely analyze the advantages and disadvantages of private ownership versus state ownership under various circumstances by focusing on three aspects: external risk, internal governance, and relative importance of owners versus managers. Our theoretical analysis indicates that private ownership...

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Bibliographic Details
Main Authors:	Jiang, Kun, Wang, Susheng
Format:	Article
Published:	Elsevier 2017
Subjects:	Contractual analysis; State ownership; Private ownership; Incentives; External risks; Internal corruption
Online Access:	https://eprints.nottingham.ac.uk/50062/

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