Corporatization

This article is about transforming publicly owned or governmental organizations into business corporations. For the economic and social ideology with a similar name, see Corporatism.
Part of a series on
Economic systems
Major types
By ideology
By coordination
By regional model
Sectors
Property types
Transition
Coordination
Other types

Corporatization is the process of transforming and restructuring state assets, government agencies, public organizations, or municipal organizations into corporations.[1][2][3][4] It involves the adoption and application of business management practices and the separation of ownership from management through the creation of a joint-stock or shareholding structure for the organization.[2] The result of corporatization is the creation of state-owned corporations (or corporations at other government levels, such as municipally owned corporations) where the government retains a majority ownership of the corporation's stock.[1][5] Corporatization is undertaken to improve efficiency of an organization, to commercialize its operations, to introduce corporate and business management techniques to public functions, or as a precursor to partial or full privatization.

  1. ^ a b Cite error: The named reference GrossiReichard was invoked but never defined (see the help page).
  2. ^ a b Investopedia. "Corporatization". Retrieved 2 February 2013.
  3. ^ Voorn, Bart; Sandra Van Thiel; Marieke van Genugten (2018). "Debate: Corporatization as more than a recent crisis-driven development". Public Money & Management. 38 (7): 481–482. doi:10.1080/09540962.2018.1527533. hdl:2066/197924. S2CID 158097385.
  4. ^ Cite error: The named reference Ferryetal was invoked but never defined (see the help page).
  5. ^ Marra, Alessandro (2007). "Internal regulation by mixed enterprises: the case of the Italian water sector". Annals of Public and Cooperative Economics.