Skip navigation
Skip navigation

Private or public? A taxonomy of optimal ownership and management regimes

King, Stephen; Pitchford, Rohan


We develop a theory that explains the difference between public and private ownership for the case of firms that are well approximated by an owner\managed or closely held form of firm. The theory is based on government monitoring and control of actions that potentially allow managers to divert value to themselves. More ‘public’ firms are synonymous with greater control of such actions, but generate greater bureaucracy costs. Therefore managers of public firms face flatter commercial incentives...[Show more]

CollectionsANU Research Publications
Date published: 2001-07
Type: Working/Technical Paper


File Description SizeFormat Image
King_Private2001.pdf332.71 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator