Ownership and sustainability of Italian water utilities: The stakeholder role

After several decades, the political and academic debate on water governance is still dominated by arguments about whether private sector involvement increases both efficiency and the level of investment within the industry. These arguments could appear reductive, especially in a context like Italy, which is dominated by public and mixed-ownership water utilities. The aim of this paper is to analyze how the socio-economic context and stakeholders' interests can influence the relationship between ownership structure and water utilities' sustainability performances. Analyzing six case studies, this research shows that the institutional context may influence both the water governance and utilities’ performance. The theoretical and managerial implications are discussed.