Involvement of States in Private Companies: the Belgian Case

The involvement of states in the capital of private companies (financial and others) is certainly not new, but has considerably increased with the financial crisis of 2007. It is interesting to study how and why states decide to invest in private companies by observing a specific case, the case of B...

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Bibliographic Details
Published in:International advances in economic research 2013-08, Vol.19 (3), p.317-318
Main Authors: Bellanca, Sabrina, Pagano, Giuseppe, Vandernoot, Julien
Format: Article
Language:English
Subjects:
Charters
Economic aspects
Economic crisis
Economic Growth
Economic policy
Economic theory
Economics
Economics and Finance
International Economics
Legislation
Macroeconomics/Monetary Economics//Financial Economics
Microeconomics
Private companies
Private enterprise
Public policy
Regulatory agencies
Research Note
Studies
Sustainable development
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Summary:The involvement of states in the capital of private companies (financial and others) is certainly not new, but has considerably increased with the financial crisis of 2007. It is interesting to study how and why states decide to invest in private companies by observing a specific case, the case of Belgium, and the European legislation on that matter. The Belgian state has the possibility to act as an institutional investor through different organizations: on the regional level, Wallonia, Brussels, and Flanders Regional Investment Companies, and on the federal level, Belgian Federal Holding and Investment Company (FHIC). In this paper, we focus on the latter, of which the Belgian state is the sole owner. In order to see if the FHIC meets its objectives, we analysed the portfolios devoted to these different missions and examined companies the FHIC invested in.
ISSN:1083-0898
1573-966X
DOI:10.1007/s11294-013-9414-3