Inhibited privatization: a hurdle race over vested interests
This paper recognizes vested interests as one of the primary premises that reduce the effectiveness of privatization policy, stall its momentum and produce structural problems in the long-run. Both exogenous and endogenous drawbacks are cited, but the main focus is put on the dynamism of vested inte...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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University of A Coruna
2015-06-01
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| Series: | European Journal of Government and Economics |
| Subjects: | |
| Online Access: | http://www.ejge.org/index.php/ejge/article/view/65 |
| _version_ | 1819102187567972352 |
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| author | Marcin Senderski |
| author_facet | Marcin Senderski |
| author_sort | Marcin Senderski |
| collection | DOAJ |
| description | This paper recognizes vested interests as one of the primary premises that reduce the effectiveness of privatization policy, stall its momentum and produce structural problems in the long-run. Both exogenous and endogenous drawbacks are cited, but the main focus is put on the dynamism of vested interests’ character, interconnectedness and evolution. Policy makers have been long aware of the existence of activities rooted in vested interests including empire building behaviors, creation of sinecures or extravagant management style. Hence, the fundamental effort here is put on the identification of emerging vested interests that were typically not considered by scholars. The channels through which conventional vested interests have snowballed over time are emphasized. This includes casting a closer glance at family employment, as well as at sports sponsorship arrangements, which emerge as the favorite domain of marketing activity for Polish state-owned enterprises. The research of available literature is performed, along with its application to the Polish case, and insightful observations concerning the anatomy of privatization-related reluctance. Rough policy recommendations conclude the paper. |
| first_indexed | 2024-12-22T01:30:35Z |
| format | Article |
| id | doaj.art-994d86ab381d48709f038dc3dfe00a38 |
| institution | Directory Open Access Journal |
| issn | 2254-7088 |
| language | English |
| last_indexed | 2024-12-22T01:30:35Z |
| publishDate | 2015-06-01 |
| publisher | University of A Coruna |
| record_format | Article |
| series | European Journal of Government and Economics |
| spelling | doaj.art-994d86ab381d48709f038dc3dfe00a382022-12-21T18:43:30ZengUniversity of A CorunaEuropean Journal of Government and Economics2254-70882015-06-0141466634Inhibited privatization: a hurdle race over vested interestsMarcin Senderski0Kozminski UniversityThis paper recognizes vested interests as one of the primary premises that reduce the effectiveness of privatization policy, stall its momentum and produce structural problems in the long-run. Both exogenous and endogenous drawbacks are cited, but the main focus is put on the dynamism of vested interests’ character, interconnectedness and evolution. Policy makers have been long aware of the existence of activities rooted in vested interests including empire building behaviors, creation of sinecures or extravagant management style. Hence, the fundamental effort here is put on the identification of emerging vested interests that were typically not considered by scholars. The channels through which conventional vested interests have snowballed over time are emphasized. This includes casting a closer glance at family employment, as well as at sports sponsorship arrangements, which emerge as the favorite domain of marketing activity for Polish state-owned enterprises. The research of available literature is performed, along with its application to the Polish case, and insightful observations concerning the anatomy of privatization-related reluctance. Rough policy recommendations conclude the paper.http://www.ejge.org/index.php/ejge/article/view/65PrivatizationPolandvested interestsstate-owned enterprises. |
| spellingShingle | Marcin Senderski Inhibited privatization: a hurdle race over vested interests European Journal of Government and Economics Privatization Poland vested interests state-owned enterprises. |
| title | Inhibited privatization: a hurdle race over vested interests |
| title_full | Inhibited privatization: a hurdle race over vested interests |
| title_fullStr | Inhibited privatization: a hurdle race over vested interests |
| title_full_unstemmed | Inhibited privatization: a hurdle race over vested interests |
| title_short | Inhibited privatization: a hurdle race over vested interests |
| title_sort | inhibited privatization a hurdle race over vested interests |
| topic | Privatization Poland vested interests state-owned enterprises. |
| url | http://www.ejge.org/index.php/ejge/article/view/65 |
| work_keys_str_mv | AT marcinsenderski inhibitedprivatizationahurdleraceovervestedinterests |