National Interests as Positive Externalities: Headquarters Retainment as Justification for Hybrid State-owned Enterprises in Norway (2000–2021)
研究了挪威混合所有制国有企业中,保留公司总部如何被用作继续国有化的政治目标,并探讨了其被视为国家经济正外部性的原因。
As a result of the partial privatization and public listing of two large state-owned enterprises in 2001, the Norwegian state became the largest owner at the Oslo stock exchange. A new mode of corporate governance was developed, through which retainment of the corporate headquarters (HQ) of hybrid state-owned enterprises became the sole political goal of continued state ownership in these corporations. This article explores the perceived benefits to the national economy of these company HQ through an investigation of public documents and interviews with key stakeholders. The article argues that the main function of the goal of HQ retainment was to portray national interests and political goals as mere (positive) externalities of HQ location, and that this goal was formalized due to a perceived need to depoliticize the corporate governance of hybrid state-owned enterprises.