Universität Wien

040144 SE State Ownership (MA) (2021W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 05.10. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 12.10. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 19.10. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 09.11. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 16.11. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 23.11. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 30.11. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 07.12. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 14.12. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 11.01. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 11.01. 15:00 - 16:30 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 18.01. 13:15 - 14:45 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 18.01. 15:00 - 16:30 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 25.01. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

Course description:
• This seminar is for master students in Economics and Business Administration and covers selected topics in economic policy and firm ownership. Students taking this course should get an overview about the role of the state as a firm owner. We discuss competition as regulator, when it fails, industry regulation and different forms of state ownership.
• We analyse the role of the state as owner of business enterprises by providing an overview of the main aspects in industrial and regulatory economics. We also give an assessment of state ownership according to different schools of thought. We then discuss the role and the economic policy approach of various state holdings or sovereign wealth funds and distinguish between entrepreneurial holdings and financial holdings. Regulatory issues and conflicts of interest will be examined using the ÖBAG holdings and other regulated industries as well as state ownership in the crisis as case studies. At the end of the seminar, students should have a comprehensive overview of the state as an entrepreneurial actor and the issues involved, as well as a detailed knowledge of the macroeconomic, economic policy and legal foundations of the Austrian state holding ÖBAG.

Topics
1. Economic approaches to state ownership
2. Capital markets’ view on state ownership
3. Case study: OMV – two state holding companies as major share holders
4. Case study: Verbund – state ownership by constitutional law
5. Case study: Government Pension Fund of Norway
6. Case study: Temasek Holdings and its Governance of Government-Linked Companies
7. Case study Post AG: Postal services between regulation and ownership
8. Case study Telekom Austria: deployment of broadband internet between infrastructure requirements and entrepreneurial perspective (agency problems: government vs private decision makers)
9. Case study: ORF – is a self-governed enterprise with a state mandate comparable to a state-owned enterprise?
10. Case study: GM / Lufthansa – state ownership in the crisis
11. Case study: ÖBB – natural monopoly of the infrastructure vs competition for transport services
12. Case study: Casinos Austria – regulation of gambling: owner interests and regulatory requirements

Teaching approach:
• Introductory lectures, literature work, case studies, field trip, seminar papers, presentations.

Assessment and permitted materials

Grading
• Students are required to do one (group) presentation of a topic (35%), write a term paper (35%), and participate actively in class (30%).
• For each of these three components, students can receive between 0 and 100 points. The final number of points is the weighted sum of the three components rounded to one digit.
• To receive a positive grade, the final number of points has then to be at least 50.1. The grade is 1 (2, 3, 4 and 5), if the final number of points is 87.6-100 (75.1-87.5, 62.6-75, 50.1-62.5 and 0-50).

Minimum requirements and assessment criteria

Examination topics

Reading list

Association in the course directory

Last modified: We 09.03.2022 16:07