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Privatisation and corporate governance in emerging economies: What went wrong with Aguas Argentinas S.A.?

Porporator, Marcela and Robbins, Peter (2010). Privatisation and corporate governance in emerging economies: What went wrong with Aguas Argentinas S.A.? International Journal of Economics and Business Research, 2(3-4) pp. 187–209.

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DOI (Digital Object Identifier) Link: http://dx.doi.org/10.1504/IJEBR.2010.032292
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Abstract

Here is explored corporate governance role in privatised water companies in emerging economies. Private parts contracts are periodically renegotiated due to externalities and information asymmetries. In this context, governance mechanisms are of critical importance as illustrated in the case study of the city of Buenos Aires where water services privatised in 1993 were re-nationalised in 2006. The failure is traced to regulations, including the regulatory control body, coupled with the company’s reluctance of having transparent and open governance mechanisms. The failure is linked with fuzzy and weak corporate governance, a common problem in emerging economies eager to attract private investors.

Item Type: Journal Article
Copyright Holders: 2010 Inderscience Enterprises Limited
ISSN: 1756-9869
Keywords: privatisation; corporate governance; regulatory institutions; water/sewage; regulatory body; Aguas Argentinas; emerging economies
Academic Unit/Department: Mathematics, Computing and Technology > Engineering & Innovation
Interdisciplinary Research Centre: Innovation, Knowledge & Development research centre (IKD)
Item ID: 19049
Depositing User: Peter Robbins
Date Deposited: 17 Dec 2009 16:53
Last Modified: 12 Dec 2012 19:56
URI: http://oro.open.ac.uk/id/eprint/19049
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