Corporatization

corporatisedcorporatisationcorporatizedcorporatisecorporatizecorporatisingrestructuredrestructured as businessverzelfstandiging
Corporatization is the process of transforming state assets, government agencies, or municipal organizations into corporations.wikipedia
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Municipally owned corporation

municipalmunicipally ownedprovincially- or municipally-owned corporations
Corporatization is the process of transforming state assets, government agencies, or municipal organizations into corporations. The result of corporatization is the creation of state-owned corporations (or corporations at other government levels, such as municipally owned corporations) where the government retains a majority ownership of the corporation's stock.
Corporatization may be more utilised locally than nationally a way to allow hybrid or flexible forms of public service delivery such as public-private partnerships and inter-municipal cooperation.

State-owned enterprise

Crown corporationGovernment-owned corporationstate-owned
The result of corporatization is the creation of state-owned corporations (or corporations at other government levels, such as municipally owned corporations) where the government retains a majority ownership of the corporation's stock. These state-owned enterprises are organized in the same manner as private corporations, with the difference that the company's shares remain in the ownership of the state and are not traded on the stock market.
The act of turning a part of government bureaucracy into a SOE is called corporatization.

Corporate nationalism

National corporatism
In contrast, the term may also refer to the construction of state corporatism, where state-owned corporations are created and delegated public joint-stock, publicly listed companies, in order to introduce corporate and business management techniques to social tasks resembling corporate nationalism as an alternative to privatization.

Marketization

marketisationmarket pressuresmarketised
This is achieved through reduction of state subsidies, organizational restructuring of management (corporatization), decentralization and in some cases partial privatization.

Socialist market economy

Chinese modelSocialism with Chinese characteristicscapitalism in China
China's contemporary socialist market economy is based on a corporatized state sector where state companies are owned by the central government but managed in a semi-autonomous fashion.
Beginning with the 1978 reforms, in the 1980s during the industrial reforms state enterprises were gradually corporatised and transformed into joint-stock corporations with the state retaining either full or majority ownership of their shares.

Corporatocracy

corporate interestslarge corporationscorporatocratic
Edmund Phelps published an analysis in 2010 theorizing that the cause of income inequality is not free market capitalism, but instead is the result of the rise of corporatization.

State capitalism

state capitalistmonopoly capitalismstate-capitalism
State capitalism is an economic system in which the state undertakes commercial (i.e. for-profit) economic activity and where the means of production are organized and managed as state-owned business enterprises (including the processes of capital accumulation, wage labor and centralized management), or where there is otherwise a dominance of corporatized government agencies (agencies organized along business-management practices) or of publicly listed corporations in which the state has controlling shares.

State ownership

state-ownedpublic ownershipstate owned
The creation of a state-owned enterprise from other forms of public property is called corporatization.

Corporation

corporatecorporationsincorporated
Corporatization is the process of transforming state assets, government agencies, or municipal organizations into corporations.

Corporate statism

corporate statestate corporatismcorporate dictatorship
In contrast, the term may also refer to the construction of state corporatism, where state-owned corporations are created and delegated public joint-stock, publicly listed companies, in order to introduce corporate and business management techniques to social tasks resembling corporate nationalism as an alternative to privatization.

Outline of business management

List of management topicsbusiness managementManagement
In contrast, the term may also refer to the construction of state corporatism, where state-owned corporations are created and delegated public joint-stock, publicly listed companies, in order to introduce corporate and business management techniques to social tasks resembling corporate nationalism as an alternative to privatization.

Citation needed

Citation needed citation needed
[citation needed] Corporatization can also refer to non-corporate entities like universities or hospitals becoming corporations, or taking up management structures or other features and behaviors employed by corporations. [citation needed] Corporatization also can be a step towards the creation of hybrid forms of organization, such as institutional public-private partnerships or inter-municipal service organizations.

Neoliberalism

neoliberalneo-liberalneo-liberalism
The move towards neoliberal economic reform and New Public Management public service reform in the 1980s led to privatization of public functions in many countries.

New Public Management

NPM
The move towards neoliberal economic reform and New Public Management public service reform in the 1980s led to privatization of public functions in many countries.

Stock market

equity marketstock marketsstock
These state-owned enterprises are organized in the same manner as private corporations, with the difference that the company's shares remain in the ownership of the state and are not traded on the stock market.

Board of directors

Board of Trusteesdirectorboard
The effect of corporatization has been to convert state departments (or municipal services) into public companies and interpose commercial boards of directors between the shareholding ministers / city council and the management of the enterprises.

Public–private partnership

public-private partnershipthird-sectorthird sector
[citation needed] Corporatization also can be a step towards the creation of hybrid forms of organization, such as institutional public-private partnerships or inter-municipal service organizations.

Economic restructuring

industrial restructuring
Corporatization of state enterprises and collectively owned enterprises was a major component of the economic restructuring program of formerly communist nations, most notably the People's Republic of China.

Public sector

publicpublic-sectorpublic employee
China's contemporary socialist market economy is based on a corporatized state sector where state companies are owned by the central government but managed in a semi-autonomous fashion.

New Zealand

NZLNZKiwi
Corporatization has also been used in New Zealand and most states of Australia in the reform of their electricity markets, as well as in many other countries and industries (e.g. Dutch water supply companies).

Australia

AUSAustralianCommonwealth of Australia
Corporatization has also been used in New Zealand and most states of Australia in the reform of their electricity markets, as well as in many other countries and industries (e.g. Dutch water supply companies).

Electricity market

saleswholesale electricity marketelectricity markets
Corporatization has also been used in New Zealand and most states of Australia in the reform of their electricity markets, as well as in many other countries and industries (e.g. Dutch water supply companies).