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Public Enterprises Today: Missions, Performance and Governance – Les entreprises publiques aujourd’hui : missions, performance, gouvernance

Learning from Fifteen Cases – Leçons de quinze études de cas


CIRIEC and Luc Bernier

Over thirty years, privatization of public enterprises was in the air. Before and during this period of neo-liberalism, and since the 2008 crisis, public enterprises were nonetheless created: they did what they were set up for and they frequently managed to get interesting results, as much on their public mission as regarding profitability. How is this possible? This book looks at public enterprises with new eyes.
What are the emerging insights? Those public enterprises evolved a lot during those years. Their governance has been adjusted: they now respond to all kind of stakeholders, they face independent regulators and did enter complex institutional arrangements. Further, they often transformed into conglomerates active in several activity sectors and/or expanded their geographical coverage. Being frequently large-sized, public enterprises are now able to compete on international markets, while continuing delivering important services to their home community. With fifteen case studies from Europe and the Americas, knowledge on public enterprises in the 21st century is updated.

Depuis plus de trente ans, ‘privatisation’ se lit et s’entend chaque jour. Pourtant, avant et pendant la période du néo-libéralisme, et depuis la crise de 2008, des entreprises publiques ont vu le jour, générant des résultats probants en termes de mission de service public et de rentabilité. Comment y sont-elles parvenues ? Cet ouvrage analyse les entreprises publiques avec un nouveau regard.
Que retenir de cette analyse ? Ces entreprises publiques ont fort évolué au cours de ces années. Leur gouvernance s’est ajustée vis-à-vis d’un contexte institutionnel complexe et face à diverses ‘parties prenantes’, dont les régulateurs indépendants. Elles sont fréquemment devenues des conglomérats actifs dans plusieurs domaines, ou bien se sont étendues géographiquement. Souvent de grande taille, elles sont alors capables d’être concurrentielles sur les marchés internationaux tout en offrant des services importants à leur collectivité d’origine. 15 études de cas d’Europe et d’Amérique sont proposées pour renforcer la connaissance des entreprises publiques au 21e siècle.

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About the Authors / À propos des auteurs


Gisella Aragón Peñaloza holds a Master and is Bachelor in Economics from Universidad del Pacífico (Lima, Peru). Her main fields of study are related to microeconomics: regulation and competition in public services, infrastructure and extractive economies. She has been Analyst of the Economic Research Department of the National Institute for Defence of Competition and Protection of Intellectual Property of Peru, Senior Research Assistant of the Economical Regulation, Competition and Infrastructure Area of Universidad del Pacífico Research Centre and has been part of consultancies for national and international institutions. She currently works at the Analysis Office of the National Fishing Society of Peru and as a Professor of the Faculty of Economics and Finance at Universidad del Pacífico.

Philippe Bance is deputy director of the laboratory CREAM (Centre for Research in Applied Economics Globalisation) at the University of Rouen – Normandy University. He was Chairman of the Department of Economics from 1997 to 2002 and Vice-President of the University of Rouen from 2007 to 2010. Scientific Delegate at the Evaluation Agency for Research and Higher Education (AERES) since 2010, he chaired the Scientific Commission “Public Economics” CIRIEC France since 2011 and the International Scientific Council of CIRIEC since 2014. He runs the collection “Public Economics and Social Economics” of Presses Universitaires de Rouen et du Havre (PURH). His research focuses on services of general interest, the European economy, public policy and evaluation of public action.

Pierre Bauby, member of the International...

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