Analyse the differences between a fully private (limited liability) joint stock company and a fully State-owned or public enterprise
a. Does the principal-agent model apply to both? b. Use a case study in your analysis. The case study could be from the UK (see the list of public corporations here: https://www.gov.uk/government/organisations) or elsewhere. c. Analyse a public enterprise in terms of its economic performance: use indicators on productivity, costs, the level (and quality) of output provided to the market and efficiency. d. Have âperformance contractsâ been applied in the UK or elsewhere? Did they produce the expected results? Use examples/empirical evidence in your analysis.
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