By looking at the A2A case history, this paper seeks to understand to what extent the original objectives of privatisation and liberalisation of local public services and energy markets have been achieved. It explores the underlying reasons of the public ownership and how this materializes in the enterprise’s business choices and conflicts with commercial interests. The study also looks at the sustainability of this hybrid model that pushed the enterprise towards riskier industrial operations and an increased exposure to the international financial markets, while keeping the commitment to providing quality public services in the local jurisdictions in which it has traditionally operated.

The transformation of Milan’s City Energy Enterprise in a Leading National Industry Group / L. Delponte, M. Sorrentino, M. Turri, D. Vandone (ECONOMIE SOCIALE & ÉCONOMIE PUBLIQUE). - In: Public enterprises today : missions, performance and governance / Les entreprises publiques aujourd'hui : missions, performance, gouvernance. Learning from fifteen cases / [a cura di] L. Bernier. - Bruxelles : Presses universitaires, 2015. - ISBN 9782875742247. - pp. 397-432

The transformation of Milan’s City Energy Enterprise in a Leading National Industry Group

L. Delponte
Primo
;
M. Sorrentino
Secondo
;
M. Turri
Penultimo
;
D. Vandone
Ultimo
2015

Abstract

By looking at the A2A case history, this paper seeks to understand to what extent the original objectives of privatisation and liberalisation of local public services and energy markets have been achieved. It explores the underlying reasons of the public ownership and how this materializes in the enterprise’s business choices and conflicts with commercial interests. The study also looks at the sustainability of this hybrid model that pushed the enterprise towards riskier industrial operations and an increased exposure to the international financial markets, while keeping the commitment to providing quality public services in the local jurisdictions in which it has traditionally operated.
public utilities; public enterprise; public mission; corporate governance
Settore SECS-P/03 - Scienza delle Finanze
Settore SECS-P/07 - Economia Aziendale
Settore SECS-P/09 - Finanza Aziendale
Settore SECS-P/10 - Organizzazione Aziendale
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/256286
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