The Nationalized Firm: The Politicians' Free Lunch?

Walters, Kenneth D.; Monsen, R. Joseph
March 1977
Columbia Journal of World Business;Spring77, Vol. 12 Issue 1, p90
Academic Journal
The authors claim that the nationalized firms are almost always the tool of the politicians in Western Europe. They analyze the performance of the nationalized firms included in "Fortune's" list of the top 500 industrial firms outside the United States. They also evaluate the performance of nationalized firms based on their financial records over several years. According to them, the singular most significant fact emerging from these reports is the continuing losses incurred by so many nationalized firms. The authors cite the reasons why the firms performed so badly. Lastly, they reveal why governments use the nationalized firms to achieve various political goals.


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