#12185. Political interventions in state-owned enterprises: The corporate governance failures of a European airline

July 2026publication date
Proposal available till 13-05-2025
4 total number of authors per manuscript0 $

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Journal’s subject area:
Sociology and Political Science;
Accounting;
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Abstract:
This paper is based on the theory of hybrid organizations and we investigate the context, factors, mediators, and outcome of a public scandal involving a state-owned company. This retrospective case study is part of a research design that alternates between inductive and deductive procedures devised to test relevant hypotheses, integrate several theories, and construct the causal mechanism of the corporate scandal. Four theories have been selected to address multiple aspects of the case: the hybrid organization theory, the agency theory, the fraud triangle theory, and the legitimacy theory. Several hypotheses have been proposed at the confluence of these frameworks, and the data collection process was conducted to ensure the credibility, dependability, and transferability of results. The paper puts forward a series of recommendations on how to improve the corporate governance of state-owned enterprises and prevent potential scandals.
Keywords:
Agency theory; Case study; Corporate governance; Corporate scandal; State-owned enterprises; Thematic analysis

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