Does a Switch of Budget Regimes Constrain Managerial Discretion? : Evidence for Italian Public Enterprises' Investment
Bertero, Elisabetta and Rondi, Laura (2002). Does a Switch of Budget Regimes Constrain Managerial Discretion? : Evidence for Italian Public Enterprises' Investment. UNU-WIDER.
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Report
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Sub-type Discussion paper Author Bertero, Elisabetta
Rondi, LauraTitle Does a Switch of Budget Regimes Constrain Managerial Discretion? : Evidence for Italian Public Enterprises' Investment Volume/Issue No. 2002/29 Publication Date 2002 Place of Publication Helsinki Publisher UNU-WIDER Pages 31 Language eng Abstract This study examines the effect of the hardening of the budget constraint on the investment behaviour of Italian state owned enterprises (SOEs). It carries out a natural experiment that exploits the 1987 shift of budget regimes due to the pressure of Europ
Keyword Budget
Government business enterprises
International obligations
Managerial economicsCopyright Holder UNU-WIDER Copyright Year 2002 Copyright type Fair use permitted ISSN 16095774 ISBN 9789291901777 -
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