Open AccessIL CAPITALISMO MUNICIPALE
Author(s) -
Franco Osculati
Publication year - 2011
Publication title -
rendiconti. classe di lettere e scienze morali e storiche
Language(s) - English
Resource type - Journals
eISSN - 2384-9150
pISSN - 1124-1667
DOI - 10.4081/let.2011.89
Subject(s) - bankruptcy , corporatization , business , private sector , limited liability , public sector , government (linguistics) , finance , stock (firearms) , market economy , economics , economy , economic growth , engineering , mechanical engineering , linguistics , philosophy
The paper describes the main reasons that lead Local Government to create joint-stock companies for the provision of services and activities previously managed internally. These reasons are basically linked to regulation, as well as to financial and organizational issues. The paper argues that, for the most part of the cases, there are several differences between the public and the private sector as regards the achievement of the expected benefits form “corporatizationâ€, such as limited liability, bankruptcy, efficiency, profits, etc.. In fact, in the public sector these benefits appear substantially less important in comparison with the private sector.