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The ineffectiveness of state as a controller and owner

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  • Bojańczyk, Mirosław

Abstract

The global market is largely a game without rules and without an arbitrator able to dispense necessary medicine. Undoubtedly, the crisis has caused the emergence of new challenges, which require the active role of the state in various areas. States play the role of owners of companies and market regulators. Unfortunately governments were not performing these functions adequately. Those therefore, who themselves committed many mistakes, must improve not just the mis-functioning market, but also a defectively functioning state; or, to put it otherwise, they must improve themselves.

Suggested Citation

  • Bojańczyk, Mirosław, 2010. "The ineffectiveness of state as a controller and owner," MPRA Paper 23933, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:23933
    as

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    File URL: https://mpra.ub.uni-muenchen.de/23933/1/MPRA_paper_23933.pdf
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    References listed on IDEAS

    as
    1. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 2000. "Investor protection and corporate governance," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 3-27.
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    More about this item

    Keywords

    state; capital markets; regulations; financial crisis;
    All these keywords.

    JEL classification:

    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises

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