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ETH LibraryCorporatization and Firm Performance: Evidence from publicly Provided Local Utilities Journal Article Author(s): Filippini, Massimo; Cambini, Carlo; Piacenza, Massimiliano; Vannoni, Davide
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Corporatization is the process of transforming a government entity or a public sector organization into a corporation. A firm, in this context, refers to a business organization that may be structured as a corporation, partnership, or sole proprietorship.
Typically, organizations undergoing corporatization or those that are getting registered as a firm must file documentation with relevant governmental or regulatory authorities. This may include public sector enterprises transitioning to corporate entities, as well as new businesses seeking to formally establish themselves.
To fill out the corporatization and firm forms, one must typically provide detailed business information, such as the organization's structure, ownership details, business operations, and financial information. Each jurisdiction may have specific forms and requirements that need to be adhered to.
The purpose of corporatization is to improve efficiency, accountability, and financial performance of public enterprises by operating them under corporate principles. For firms, the aim is to establish legal recognition and provide a framework for operation, liability protection, and governance.
Information that must be reported typically includes the name of the firm, registration details, ownership structure, business type, registered office address, financial statements, and any other relevant operational data as per local regulations.
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