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Building Competence. Crossing Borders. Elective Public Management – Week 7 Privatisation Prof. Dr. Andreas Bergmann Institute of Public Management

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Presentation on theme: "Building Competence. Crossing Borders. Elective Public Management – Week 7 Privatisation Prof. Dr. Andreas Bergmann Institute of Public Management"— Presentation transcript:

1 Building Competence. Crossing Borders. Elective Public Management – Week 7 Privatisation Prof. Dr. Andreas Bergmann Institute of Public Management andreas.bergmann@zhaw.ch

2 7.ppt, fs09 2 Privatisation Legal forms Administration unit Department Dependent agency (without an own legal identity) Independent agency (with own legal identity) Incorporated company under public law Incorporated company (limited company, companionship, foundation) under private law Incorporated company in private ownership spin-off (Verselbständigung) Privatisation pretentious privatisation

3 7.ppt, fs09 3 Privatisation Examples of real privatisations classical case: British Airways -Preparation from 1981: turn-around, i.e. - new management (Sir John King, Colin Marshall) - cut back of 23,000 positions - cut back of routes and fleet - unchanged: grandfather rights at Heathrow airport - new image: The Worlds Favourite Airline -Privatisation only in 1987 (together with British Airports Authority) - IPO of all shares (100%)

4 7.ppt, fs09 4 Privatisation Examples of real privatisations More international examples -British Telecom (1984, IPO, successful) -British Rail (1994, break up into 30 entities, very controversial, in some parts clearly failed, e.g. Railtrack) -Deutsche Telecom (1996, IPO, government still holds about 15%, successful) -Air NewZealand (1989, sale to an investor, government holds one golden share; initially successful, but had to be rescued by government in 2001, currently about 80% government owned, to be sold)

5 7.ppt, fs09 5 Privatisation Examples of real privatisations In Switzerland -Ausserrhoder Kantonalbank (1997 sold to UBS as part of financial restructuring) -Solothurner Kantonalbank (1995 privatised, in the mean time taken over by Bâloise Group) -Swiss (2005 sold to Lufthansa)

6 7.ppt, fs09 6 Privatisation Examples of pretentious privatisations In Switzerland -Swisscom (IPO of minority 1998, government still holds about 56% of the shares, to be sold down to 51%) -Post (no private shareholders, still agency) -SBB (like Post) -RUAG Aerospace Defense Technology -Skyguide

7 7.ppt, fs09 7 Privatisation Goals of privatisation Efficiency gains Competitiveness in conjuction with market liberalisation Restriction of political influence …

8 7.ppt, fs09 8 Privatisation Four circle model of Swiss federal government Report über die Aufsicht bei ausgelagerten Verwaltungsbereichen und rechtlich verselbständigten Betrieben published on 25 June 1997 Corporate principle

9 7.ppt, fs09 9 Privatisation Four circle model (2)

10 7.ppt, fs09 10 Privatisation Scientific position Market liberalisation and privatisation should be symmetrical -Strongly regulated industries political control -No regulation full privatisation; if any regulation left (e.g. telecom) government as regulator Intense preparation needed Difficulties arise from asymmetries

11 7.ppt, fs09 11 References BERGMANN, A.: Erfolgsfaktoren im öffentlichen und privaten Sektor. In: Bergmann, A./Hofmeister, A. (Hrsg.): Privatisierung – schlägt das Pendel zurück. SGVW-Schriftenreihe Nr. 44. Bern: 2004. 9- 14. SCHEDLER, K./PROELLER, I.: New Public Management. 3. Auflage. UTB, 2002. 163-182. MÜLLER, G.: Zur Verantwortlichkeit bei ausgelagerten Bundesaufgaben. In: NZZ, 10. Juni 2004. VICKERS, J./YARROW, G.: Privatization: An Economic Analysis, MIT Press, Cambridge, Mass, 1988


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