Author: Francisco José Flores-Macías
Publisher:
ISBN:
Category :
Languages : en
Pages : 348
Get Book Here
Book Description
In spite of the wave of privatization of the 1980s and 1990s, state ownership of enterprise remains a very important part of the political economies of both developing and industrialized nations. The conventional wisdom in industrial organization states that public enterprises are inefficient; nevertheless, it says very little about the wide variation among these firms both within and across countries. This dissertation provides a new analytical framework to explain differences in behavior among state-owned enterprises. New insights are possible thanks to the use of theoretical and methodological tools from three different fields: political science, economics, and organizational sociology. State-owned enterprise behavior is conceptualized as having two elements, business efficiency and policy utilization, and it can largely be explained with only three variables: the ideology of the government's ruling coalition, the degree of competition in the business environment, and the level of cohesion of the company's managers. Subsequently, this study applies the framework to explain the puzzling variation in the behavior of the subsidiary companies of the Mexican state-owned petroleum enterprise, Petróleos Mexicanos (Pemex). Throughout the dissertation, statistical analysis and qualitative research-including over 100 in-depth interviews conducted with government and oil industry officials from Mexico, Brazil, Venezuela, and the United States-provide empirical support.
Author: World Bank Publications
Publisher: World Bank Publications
ISBN: 1464802297
Category : Business & Economics
Languages : en
Pages : 391
Get Book Here
Book Description
This Toolkit provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It concludes with guidance on managing the reform process, in particular how to prioritize and sequence reforms, build capacity, and engage with stakeholders.
Author: Yair Aharoni
Publisher: Cambridge, Mass. : Ballinger Pub.
ISBN:
Category : Business & Economics
Languages : en
Pages : 504
Get Book Here
Book Description
Author: Edimon Ginting
Publisher: Asian Development Bank
ISBN: 9292622838
Category : Business & Economics
Languages : en
Pages : 355
Get Book Here
Book Description
State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and growth. This book looks at SOEs in Azerbaijan, Indonesia, Kazakhstan, the People's Republic of China, and Viet Nam, which together present a panoramic view of SOEs in the region. It also presents insights from the Republic of Korea on the evolving role of the public sector in various stages of development. It explores corporate governance challenges and how governments could reform SOEs to make them efficient drivers of the long-term productivity-induced growth essential to Asia's transition to high-income status.
Author: Luc Bernier
Publisher: Routledge
ISBN: 135104253X
Category : Business & Economics
Languages : en
Pages : 679
Get Book Here
Book Description
State-owned enterprises make up roughly 10 percent of the world economy, yet they are woefully understudied. This handbook offers the first synthesis of the topic since the 1980s and offers a comprehensive reference for a generation. The authors provide a detailed explanation of the theory that underpins the expansion of state-owned enterprises in the 21st century. Each chapter delivers an overview of current knowledge, as well as identifying issues and relevant debates for future research. The authors explain how state-owned enterprises are used in both developed and developing countries and offer an insight into complex and fascinating organizations such as the German municipal conglomerates or the multinational companies owned by states. New modes of governance and regulation have been invented to make sure they act in the public interest. This handbook brings together a wealth of international scholars, offering multiple theoretical perspectives to help shape a brave new world. It will be of interest to teachers and students of Economics, Public Administration and Business, academics, established researchers and PhD students seeking rigorous literature reviews on specific aspects of SOEs, as well as practitioners and decision makers in international organizations.
Author: Organisation for Economic Co-operation and Development
Publisher: Org. for Economic Cooperation & Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 236
Get Book Here
Book Description
This publication gives a comparative review of corporate governance practices in relation to state-owned enterprises in OECD countries, including scale and organisation, board composition and functions, relationships with non-state shareholders, the role of stakeholders transparency and disclosure.
Author: Hong Sheng
Publisher: World Scientific
ISBN: 9814383848
Category : Business & Economics
Languages : en
Pages : 407
Get Book Here
Book Description
The Nature, the Performance, and the Reform of State-owned Enterprises provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It shows that state ownership in the form of SOEs does not use resources efficiently and has a poor record in income distribution. Moreover, SOEs are found to enjoy unfair advantages in their competition with other firms. To illustrate the point, the book presents data revealing how favored policies, monopolistic powers, and subsidies benefit SOEs. These advantages are worth several trillion yuans a year. It is a sad irony that such wealth of the people is used to beef up the revenues of the SOEs, making their accounts look much better than they should be.This book, with its rich empirical data and information, is an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and the public to learn more about SOEs.
Author: Andrew Szamosszegi
Publisher: Createspace Independent Publishing Platform
ISBN: 9781475293258
Category : Capitalism
Languages : en
Pages : 122
Get Book Here
Book Description
China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Although China's reliance on private enterprise and market-based incentives has been growing, and the CCP's treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China's SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.
Author: Joseph Heath
Publisher: Oxford University Press
ISBN: 0199990492
Category : Philosophy
Languages : en
Pages : 425
Get Book Here
Book Description
In this collection of provocative essays, Joseph Heath provides a compelling new framework for thinking about the moral obligations that private actors in a market economy have toward each other and to society. In a sharp break with traditional approaches to business ethics, Heath argues that the basic principles of corporate social responsibility are already implicit in the institutional norms that structure both marketplace competition and the modern business corporation. In four new and nine previously published essays, Heath articulates the foundations of a "market failures" approach to business ethics. Rather than bringing moral concerns to bear upon economic activity as a set of foreign or externally imposed constraints, this approach seeks to articulate a robust conception of business ethics derived solely from the basic normative justification for capitalism. The result is a unified theory of business ethics, corporate law, economic regulation, and the welfare state, which offers a reconstruction of the central normative preoccupations in each area that is consistent across all four domains. Beyond the core theory, Heath offers new insights on a wide range of topics in economics and philosophy, from agency theory and risk management to social cooperation and the transaction cost theory of the firm.
Author: Ms. Emilia M Jurzyk
Publisher: International Monetary Fund
ISBN: 1513571923
Category : Business & Economics
Languages : en
Pages : 45
Get Book Here
Book Description
We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.
