McCartney, S and Stittle, J (2008) ?Taken for a Ride?: The Privatization of the UK Railway Rolling Stock Industry. Public Money and Management, 28 (2). pp. 93-100. DOI https://doi.org/10.1111/j.1467-9302.2008.00627.x
McCartney, S and Stittle, J (2008) ?Taken for a Ride?: The Privatization of the UK Railway Rolling Stock Industry. Public Money and Management, 28 (2). pp. 93-100. DOI https://doi.org/10.1111/j.1467-9302.2008.00627.x
McCartney, S and Stittle, J (2008) ?Taken for a Ride?: The Privatization of the UK Railway Rolling Stock Industry. Public Money and Management, 28 (2). pp. 93-100. DOI https://doi.org/10.1111/j.1467-9302.2008.00627.x
Abstract
The three UK rolling stock companies (ROSCOs) are a product of the privatization of the railway industry in the 1990s. As the UK approaches the 25th anniversary of the first privatization of a state-owned industry (telecommunications), this article evaluates the background and the structure of the ROSCO privatization sales. The authors show that the privatization of the UK's rolling stock industry was a significant triumph of political expediency over sound governmental financial policy. The ROSCOs have attracted relatively little attention, yet nowhere else have the flaws in the privatization process become more apparent.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance T Technology > TF Railroad engineering and operation |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School Faculty of Social Sciences > Essex Business School > Essex Accounting Centre |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 17 Dec 2012 12:51 |
| Last Modified: | 06 Jan 2022 13:30 |
| URI: | http://repository.essex.ac.uk/id/eprint/4742 |