Investigation of the Privatization of State Businesses at Current Stage:A Case Study of Successful and Failed Cases

• Main Authors: Ji Xao-Jun, 紀少鈞
• Other Authors: 孫本初
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/39842022605336992296

碩士 === 中國文化大學 === 政治學研究所碩士在職專班 === 94 === The privatization of state businesses has by far become an irresistible trend sweeping across the globe. It is no exception in Taiwan. After the successful cases privatization of Chinese Petroleum Chemistry Development Corporation （CPDC） and BES Engineering Corporation（BES） in 1994, state businesses of the Ministry of Finance and Ministry of Transportation and Communication have since been privatized one after another. Though many turned out to be a success (e.g. CSC and Taiyen), some went to the hands of financial groups (e.g. BES, CCPC, and Taiwan Fertilizer). Currently, retained employees of 2 state businesses will all be laid of or discharged in the next 2-3 years after privatization because these businesses have gone to the hands of financial groups. Speaking frankly, they will be kicked out from these businesses. The crux of this tragic ending is the result of our failure to introduce the golden share system as practiced in Britain. The golden share has a veto power to prevent the new operation team from draining the assets of a privatized state business. Therefore, it is necessary to further study the situation and make recommendations to make privatization go more smoothly and practically and to let citizens be happy to accept the result of privatization. This study investigated the privatization of state businesses home and abroad and their advantages and disadvantages. Advantages were chosen and disadvantages were eliminated as a reference for the promotion of privatization of state businesses in Taiwan. Moreover, to interview people involving or interested in the issue through qualitative depth-interview was another focus of this study. These people included state business employees, trade union representatives, and ordinary citizens. Recommendations were made to the government for promoting privatization of state businesses according to the results of inference and analysis of data and opinions collected from the interviews and findings of this study.