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Institutional change and state-owned enterprises: reflections from the Petrobras case study

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Paz Antolín, María José (2013) Institutional change and state-owned enterprises: reflections from the Petrobras case study. Public Management Review, 17 (6). pp. 791-811. ISSN 1471-9045

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Official URL: https://doi.org/10.1080/14719037.2013.822534



Abstract

The Brazilian oil and gas (O&G) sector has experienced institutional changes that put an end to the state monopoly. The purpose of this article is to explain why Petrobras has remained dominant after the sector had been opened to competition. We consider that it is possible to explain this paradox via two ideas that emanate from North’s analysis on institutional change: first, by explaining institutional change as a continuous interrelation between formal and informal institutions and the political and economic organizations involved; second, by considering institutional change as a path-dependent process marked by a dialectic between elements of change and continuity.


Item Type:Article
Uncontrolled Keywords:Institutional change; State-owned enterprise; Petrobras
Subjects:Sciences > Geology > Petrology
Social sciences > Economics > Business enterprises
Social sciences > Economics > Industrial organization
ID Code:61912
Deposited On:27 Aug 2020 07:47
Last Modified:31 Aug 2020 10:14

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