Corporatization

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Corporatization

Post  msistarted on Tue Jan 11, 2011 2:17 am

Corporatization refers to the transformation of state assets or agencies into state-owned corporations in order to introduce corporate management techniques to their administration. Corporatization is sometimes a precursor to partial or full privatization, which almost always refers to a process by which formerly public assets or functions are sold or given to corporate entities by listing the shares of the state-owned corporation on publicly-traded stock exchanges. A common model is for state institutions to be corporatized and operated as autonomous joint-stock companies, while still being majority state-owned and run by state entities separate from a central government.[1] This concept is a major feature of the socialist market economy.

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