State-Owned Enterprise in the Western Economies

Preface 1. Introduction Raymond Vernon 2. Economic Theory and Financial Management John Lintner 3. Decision Making in the State-Owned Enterprise Howard Raiffa 4. On Finance and Decision Making Kenneth J. Arrow 5. The Italian Enterprises: The Political Constraints Franco A. Grassini 6. The Italian Experience: A Historical Perspective Alberto Martinelli 7. The French Experience: Conflicts with Government John-Pierre C. Anastassopoulos 8. The British Experience: The Case of British Rail Michael Beesley and Tom Evans 9. State-owned Oil Companies: Western Europe Oystein Noreng 10. Public Control and Corporate Efficiency Sabino Cassese 11. Accountability and Audit E. Leslie Normanton 12. State Trading M. M. Kostecki 13. Managerial Discretion Yair Aharoni Notes on Contributors Index