TOWARDS A THEORY OF PUBLIC ENTERPRISE FINANACE

Stephen Gillis, Glenn Jenkins (jenkins@econ.queensu.ca) and Donald Lessard (dlessard@mit.edu)

No 1980-11, Development Discussion Papers from JDI Executive Programs

Abstract: The purpose of the proposed research is to develop an approach to public enterprise finance that provides insights into the financial linkages of public enterprises with their parent governments and capital markets, the financial behavior of the public enterprises themselves, and most importantly, the implications of these linkages and behavioral patterns for the financing, investment and operating decisions of the state-owned enterprises (SOEs). The primary focus of the study will be on "market oriented" public enterprises, rather than on those that carry out activities normally undertaken by government departments.

Keywords: public enterprise finance; operations; investments; marketing (search for similar items in EconPapers)
JEL-codes: H83 (search for similar items in EconPapers)
Pages: 36 pages
Date: 1980-04
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