Corporate control and the public interest; theory and cases

174 22 474 8 678 document 474 Branston03PhD.pdf application/pdf 7b8b279b86bd8f4e92c91e4f8ea232cf MD5 2542394 2011-07-19 16:13:47 http://etheses.bham.ac.uk//id/eprint/174/1/Branston03PhD.pdf 174 1 1 application/pdf application/pdf en public

Branston03PhD.pdf

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http://eprints.org/relation/isVersionOf http://etheses.bham.ac.uk/id/document/474 http://eprints.org/relation/isVolatileVersionOf http://etheses.bham.ac.uk/id/document/474 http://eprints.org/relation/isIndexCodesVersionOf http://etheses.bham.ac.uk/id/document/474 archive 4031 disk0/00/00/01/74 2008-11-10 10:46:36 2019-01-23 09:51:39 2011-07-19 16:13:47 thesis show 0 Branston J. Robert mnsjrb@management.bath.ac.uk Sugden Roger Driffield Nigel L. University of Birmingham Corporate control and the public interest; theory and cases unpub HF HD 30sch_busi This thesis contains two lines of research. The first applies the strategic decision-making theory of the firm to the issue of corporate governance. We find that preferences vary over strategy but not all interests are currently being represented, resulting in a failure to govern in the public interest. As solutions, we consider membership of the company and also more immediate ways forward, focusing on regulation and democratically controlled public agencies, but stressing the fundamental significance of active, effective citizens. Throughout, our arguments are illustrated using utility companies as our primary examples. It includes discussion of electricity privatisation in Mexico and, to demonstrate that the theory is widely applicable, we also consider governance of corporate universities. The second line of research builds upon earlier analysis by considering aspects of British electricity privatisation. We consider the role of independent power producers, finding that they have not significantly increased competition as intended but have adversely affected the future viability of the system. The affect of privatisation on electricity prices is also considered via the use of a counterfactual model for continued state ownership. Observed prices are found to have been significantly higher than those that would have been charged had the industry remained in the public sector. 2003 graduation 2261966 eng author This unpublished thesis/dissertation is copyright of the author and/or third parties. The intellectual property rights of the author or third parties in respect of this work are as defined by The Copyright Designs and Patents Act 1988 or as modified by any successor legislation. Any use made of information contained in this thesis/dissertation must be in accordance with that legislation and must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the permission of the copyright holder. public 272 University of Birmingham Department of Commerce d_ph na 2003 graduation