Putting 'Why' Before 'How': Evaluating the Rationales for Partial Privatisation of State-Owned Enterprises in New Zealand

37 Pages Posted: 4 Mar 2013

See all articles by Chye-Ching Huang

Chye-Ching Huang

University of Auckland; Center on Budget and Policy Priorities (CBPP)

Susan Watson

University of Auckland Faculty of Law

Jenny Chen

University of Auckland

Date Written: March 4, 2013

Abstract

Shares in New Zealand state owned enterprises will be offered to the public in the near future. This article critiques the rationales put forward by Treasury for partial privatisation, concluding that some are more compelling than others. The authors of this article argue that before any partial privatisation programme was undertaken, the policymakers needed to understand the primary rationales for and objectives of the partial privatisation process and therefore the main reasons why it should take place. The basis for this argument is that those objectives should ideally determine how the process is undertaken. But instead of focusing on one or two objectives, the government has affirmed ten goals making consistent and rational implementation less likely.

Keywords: corporate law, privatisation, state-owned enteprises

JEL Classification: K22

Suggested Citation

Huang, Chye-Ching and Watson, Susan Mary and Chen, Jenny, Putting 'Why' Before 'How': Evaluating the Rationales for Partial Privatisation of State-Owned Enterprises in New Zealand (March 4, 2013). Available at SSRN: https://ssrn.com/abstract=2228409 or http://dx.doi.org/10.2139/ssrn.2228409

Chye-Ching Huang (Contact Author)

University of Auckland ( email )

12 Grafton Rd
Private Bag 92019
Auckland, 1010
New Zealand

Center on Budget and Policy Priorities (CBPP) ( email )

820 First Street, NE 510
Washington DC, 20002
United States

Susan Mary Watson

University of Auckland Faculty of Law ( email )

Private Bag 92019
Auckland Mail Centre
Auckland, 1142
New Zealand

Jenny Chen

University of Auckland ( email )

Private Bag 92019
Auckland Mail Centre
Auckland, 1142
New Zealand

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