Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108289
Authors: 
Vince, Péter
Year of Publication: 
2013
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2013/11
Abstract (Translated): 
MOL Plc as a national champion does not simply take part in the implementation of the state's decisions but the company's cooperation is needed in realizing the economic, political and social considerations of the authorities. Therefore the company is provided with special preferential treatment. Besides, MOL can take advantage of its efficient bargaining power to secure the authorities' favorable decisions in important cases. The regulations and special decisions of the European Union limit MOL's position as a national champion. In cases belonging exclusively to national competence the main position of authorities was to prevent the emergence of foreign ownership control. In other cases, the authorities behaved differently: sometimes they contributed to the consolidation of the company's position as national champion, sometimes they weakened it with their decisions. The relationship of the company and the state is thus characterized not only by matching but conflicting interests too.
Subjects: 
national champion
corporate management
relationship and interactions of the company and the state
changes of ownership structure
JEL: 
D21
D23
L1
L2
L5
ISBN: 
978-615-5243-64-6
Document Type: 
Working Paper

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