Governance in local government organizations and their state-owned enterprises: Impact of merger laws in Greece

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Abstract

Corporate governance plays a key role for the companies of the private sector, and recently corporate governance started to be involved within the structures and activities of public entities and state-owned enterprises (SOEs). Many countries, including Greece, have put regional and municipal merger plans into place in order to reduce costs and enforced the ideals of economy, efficiency, and effectiveness in public administration. This study, focusing on these issues, illustrates the current state of Greek governance and recent legal developments after the merging of local government organizations (LGOs) and their associated municipal and regional-owned companies (SOEs) and provides new insights and conclusions regarding the implantation of governance in the LGOs and their SOEs after mergers.

Keywords: Governance, Law, Merger, Local Government Organizations, State-Owned Enterprises, Greece

Authors’ individual contribution: Conceptualization — S.G. and M.P.; Methodology — S.G.; Validation — M.P.; Formal Analysis — S.K.; Investigation — S.G. and M.G.; Resources — S.G.; Data Curation — M.P.; Writing — Original Draft — S.G. and M.G.; Writing — Review & Editing — M.P. and S.K.; Visualization — S.G.; Supervision — M.P. and S.K.; Project Administration — M.P.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: G34, H70, K23, L30

Received: 14.08.2022
Accepted: 21.12.2022
Published online: 23.12.2022

How to cite this paper: Galanis, S., Pazarskis, M., Kourtesi, S., & Gkatziou, M. (2022). Governance in local government organizations and their state-owned enterprises: Impact of merger laws in Greece. Corporate Law & Governance Review, 4(2), 77–88. https://doi.org/10.22495/clgrv4i2p9