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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  • Sub-type Discussion paper
    Author Bertero, Elisabetta
    Rondi, Laura
    Title 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 economics
    Copyright Holder UNU-WIDER
    Copyright Year 2002
    Copyright type Fair use permitted
    ISSN 16095774
    ISBN 9789291901777
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    Created: Fri, 12 Feb 2016, 13:22:30 JST