Corporate Governance and Regulation in Privatized Utilities: Telecommunications in Four European Countries

Abstract This paper analyzes the evolution of corporate governance and regulation in privatized telecommunication companies in the four largest EU economies. A political-economy approach is used to test the validity of the convergence hypothesis, which posits that globalization should produce conver...

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Bibliographic Details
Published in:Business and Politics 2000-08, Vol.2 (2), p.4-223
Main Author: Goldstein, Andrea E
Format: Article
Language:English
Subjects:
Business studies
Corporate governance
Corporations
Crossnational Differences
Europe
European Union
Governance
Government Regulation
Ownership
Political Economy
Private sector
Privatization
Regulation
Telecommunications
Utilities
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Summary:Abstract This paper analyzes the evolution of corporate governance and regulation in privatized telecommunication companies in the four largest EU economies. A political-economy approach is used to test the validity of the convergence hypothesis, which posits that globalization should produce convergence in business practices, ownership patterns, and regulatory frameworks. While there are signs that the structure of ownership and monitoring in continental Europe is adopting some of the features of the Anglo-Saxon arms-length governance system, corporate decisions remain shaped by durable national institutions and distinctive political traditions regarding the role of the corporation in society, the ''just'' level of executive remuneration, the concept of universal service, and the involvement of the state in corporate restructuring. Recommended Citation Goldstein, Andrea E. (2000) "Corporate Governance and Regulation in Privatized Utilities: Telecommunications in Four European Countries," Business and Politics: Vol. 2 : Iss. 2, Article 4. DOI: 10.2202/1469-3569.1008 Available at: http://www.bepress.com/bap/vol2/iss2/art4
ISSN:1469-3569
1369-5258
1469-3569
DOI:10.2202/1469-3569.1008