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Corporate Governance in Government Corporations
Many governments across the world have responded to the need for greater efficiency in the delivery of government services by the reorganization of these bureaucracies along the lines of for-profit business corporations. In doing so, governments have relied on the capacity for governance practices to overcome the weaker incentives created by the attenuated 'property rights' that are created in public enterprise.
Government Corporations: Profiles of Existing Government Corporations
Reviews 58 government corpations (GC) presently in operation; their reported adherence to 15 federal statutes which cover a diverse range of legislative requirements; and proposals to create additional GCs. Corps. include: gov't. department agencies, gov't. corps. (owned and controlled by the public sector) and gov't. sponsored enterprise and private corp., (owned and controlled by the private sector.). Examples: Export-Import Bank, Fed. Housing Admin., Amtrak, OPIC, RTC, TVA, FDIC, Legal Serv. Corp., Corp. for Public Broad., Postal Service. 85 charts and tables.
The Public's Business
Not many books can be described as being the most comprehensive and thorough studies of their subjects available, and at the same time as being written in so lively a fashion that they easily hold the reader's attention from beginning to end. "The Public's Business" is one such exceptional work. And its subject fully warrants the scholarly research and writer's skill that was invested in it--the public authorities in the United States wield enormous political and financial power and are proliferating faster than any other type of governmental entity. The public authority is a peculiarly American institution--it is a hybrid corporation, depending on the private money markets of investment ban...
