From 8,000 to 1,000? Rationalization and governance of Italian Government-owned enterprises

Sauro Mocetti and Giacomo Roma

No 570, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Government-owned enterprises at state and local level represent a significant share of the Italian economy. These companies operate in various sectors and throughout the national territory, even though their number decreased between 2011 and 2018. A number of reforms have contributed to this change, including the Consolidated Law of 2016, which reorganized the applicable laws. The objectives of the rationalization, however, have been largely disregarded, both because of application difficulties and because the initial design has been weakened by subsequent interventions. Limited progress has also been made in aligning governance to international best practices. The professional skills of the directors and the quality of local public administrations are significantly correlated to the efficiency and performance of these companies.

Keywords: government-owned enterprises; state-owned enterprises; local public enterprises; public utilities; governance (search for similar items in EconPapers)
JEL-codes: H11 L32 (search for similar items in EconPapers)
Date: 2020-07
New Economics Papers: this item is included in nep-eff and nep-ore
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