Putting 'Why' Before 'How': Evaluating the Rationales for Partial Privatisation of State-Owned Enterprises in New Zealand
37 Pages Posted: 4 Mar 2013
Date Written: March 4, 2013
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: Suggested Citation