Effects of public corporate governance guidelines at the subnational level in Switzerland

Steiner, Reto; Raess Brenner, Kathrin; Saxenhofer, Andrea

Publication type:	Article in scientific journal
Type of review:	Peer review (publication)
Title:	Effects of public corporate governance guidelines at the subnational level in Switzerland
Authors:	Steiner, Reto Raess Brenner, Kathrin Saxenhofer, Andrea
Published in:	Jahrbuch der Schweizerischen Verwaltungswissenschaften
Page(s):	139
Pages to:	161
Issue Date:	Jul-2014
Publisher / Ed. Institution:	Schweizerische Gesellschaft für Verwaltungswissenschaften
ISSN:	2296-8717 2296-8725
Language:	English
Subjects:	Control; Corporate governance guidline; Portfolio structure; Public corporate governance; State-owned enterprise
Subject (DDC):	350: Public administration
Abstract:	Public corporate governance guidelines are viewed as a means to increase the transparency and efficiency of fully or partially state-owned organizations. Many OECD countries have thus introduced such guidelines over the past decade. We examine the effects of the introduction of corporate governance guidelines on the governance process and on government entities’ portfolio of holdings. The analysis comprises the procedural effects, measured by the level of control, and the resulting effects, measured by the structure of the portfolio, of corporate governance guidelines. The introduction of guidelines at the subnational level in Switzerland has led to a significant increase in government control. However, the effect on government entities’ portfolios is not obvious, as the introduction of guidelines does not necessarily lead to a reduction in the overall number of holdings of regional governments, an increase in the participation quota, or an increase in the proportion of public-law institutions in the portfolio.
URI:	http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf https://digitalcollection.zhaw.ch/handle/11475/9637
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Appears in collections:	Publikationen School of Management and Law

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Steiner, R., Raess Brenner, K., & Saxenhofer, A. (2014). Effects of public corporate governance guidelines at the subnational level in Switzerland. Jahrbuch Der Schweizerischen Verwaltungswissenschaften, 139–161. http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf

Steiner, R., Raess Brenner, K. and Saxenhofer, A. (2014) ‘Effects of public corporate governance guidelines at the subnational level in Switzerland’, Jahrbuch der Schweizerischen Verwaltungswissenschaften, pp. 139–161. Available at: http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf.

R. Steiner, K. Raess Brenner, and A. Saxenhofer, “Effects of public corporate governance guidelines at the subnational level in Switzerland,” Jahrbuch der Schweizerischen Verwaltungswissenschaften, pp. 139–161, Jul. 2014, [Online]. Available: http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf

STEINER, Reto, Kathrin RAESS BRENNER und Andrea SAXENHOFER, 2014. Effects of public corporate governance guidelines at the subnational level in Switzerland. Jahrbuch der Schweizerischen Verwaltungswissenschaften [online]. Juli 2014. S. 139–161. Verfügbar unter: http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf

Steiner, Reto, Kathrin Raess Brenner, and Andrea Saxenhofer. 2014. “Effects of Public Corporate Governance Guidelines at the Subnational Level in Switzerland.” Jahrbuch Der Schweizerischen Verwaltungswissenschaften, July, 139–61. http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf.

Steiner, Reto, et al. “Effects of Public Corporate Governance Guidelines at the Subnational Level in Switzerland.” Jahrbuch Der Schweizerischen Verwaltungswissenschaften, July 2014, pp. 139–61, http://www.sgvw.ch/wp-content/uploads/9_Steiner_Jahrbuch_2014.pdf.