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La privatisation modifie-t elle la gouvernance de l'entreprise? L'exemple du secteur pétrolier (ENI) en Italie

Abstract : ENI – Ente Nazionale Idrocarburi – is one of the leading oil group in the world and a major enterprise in Italy. A former public group, it was privatized 15 years ago and it is a good case-study providing an answer to the question included in the title : does privatization modify an enterprise's governance?The answer is complex and it is made harder due to facts and problems occurred during the years and which are exposed in dissertation. It was necessary to consider many questions before realizing whether privatization modified governance and if the latter was successful or not. first of all, which was the period to take in consideration? It was necessary to look at the whole period since the start of privatization till our days, because it was the only way to understand the situation.There was an additional reason, strictly linked to oil-system to look at the longest period: on whole: sometimes 15 up to 20 years are needed to get the results of an investment as the exploitation of an oilfield, hence, it was impossible to consider a short term and it was necessary to look at the whole period.Last, there was one more problem : stakeholders' role. Did stakeholders support a gain-getting and a no-losses policy in the ENI Group ? Was the Group really able in getting always the best result and, in case not, which was its stakeholders' role, or which was its major stakeholder's - that is to say the Italian State – role? And how was this role explained ? Did it optymize entrepreneurial results or not, and, if so, did it allow the Group to get the results in optymization, prices lowering, product improvement, and client satisfaction which, according to the scholars, should be at the same time the task and the result of a privatization ?
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Submitted on : Wednesday, November 29, 2017 - 11:09:25 PM
Last modification on : Friday, October 4, 2019 - 1:17:40 AM


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Ciro Paoletti. La privatisation modifie-t elle la gouvernance de l'entreprise? L'exemple du secteur pétrolier (ENI) en Italie. Economies et finances. Université Paris-Est, 2015. Français. ⟨NNT : 2015PESC0070⟩. ⟨tel-01652137⟩



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