State Owned Enterprises In Emerging Europe The Good The Bad And The Ugly

Download State Owned Enterprises In Emerging Europe The Good The Bad And The Ugly full books in PDF, epub, and Kindle. Read online State Owned Enterprises In Emerging Europe The Good The Bad And The Ugly ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

State-Owned Enterprises in Emerging Europe: The Good, the Bad, and the Ugly

Author : Uwe Böwer
Publisher : International Monetary Fund
ISBN 13 : 1484315162
Total Pages : 27 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis State-Owned Enterprises in Emerging Europe: The Good, the Bad, and the Ugly by : Uwe Böwer

Download or read book State-Owned Enterprises in Emerging Europe: The Good, the Bad, and the Ugly written by Uwe Böwer and published by International Monetary Fund. This book was released on 2017-10-30 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) play an important role in Emerging Europe’s economies, notably in the energy and transport sectors. Based on a new firm-level dataset, this paper reviews the SOE landscape, assesses SOE performance across countries and vis-à-vis private firms, and evaluates recent SOE governance reform experience in 11 Emerging European countries, as well as Sweden as a benchmark. Profitability and efficiency of resource allocation of SOEs lag those of private firms in most sectors, with substantial cross-country variation. Poor SOE performance raises three main risks: large and risky contingent liabilities could stretch public finances; sizeable state ownership of banks coupled with poor governance could threaten financial stability; and negative productivity spillovers could affect the economy at large. SOE governance frameworks are partly weak and should be strengthened along three lines: fleshing out a consistent ownership policy; giving teeth to financial oversight; and making SOE boards more professional.

Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

Author : Christine J. Richmond
Publisher : International Monetary Fund
ISBN 13 : 1498315143
Total Pages : 127 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe by : Christine J. Richmond

Download or read book Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe written by Christine J. Richmond and published by International Monetary Fund. This book was released on 2019-06-18 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.

Remuneration of Boards of Directors and Executive Management in State-Owned Enterprises

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 926435932X
Total Pages : 95 pages
Book Rating : 4.2/5 (643 download)

DOWNLOAD NOW!

Book Synopsis Remuneration of Boards of Directors and Executive Management in State-Owned Enterprises by : OECD

Download or read book Remuneration of Boards of Directors and Executive Management in State-Owned Enterprises written by OECD and published by OECD Publishing. This book was released on 2022-06-16 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: The remuneration of board members and key executives of listed companies has received considerable attention in the past decade. The same issue has yet to be fully addressed in the case of state-owned enterprises (SOEs). This report seeks to fill the gap by taking stock of the policies and practices underpinning the remuneration of supervisory board members and executive managers of SOEs across 36 OECD member and partner countries.

The Routledge Handbook of State-Owned Enterprises

Author : Luc Bernier
Publisher : Routledge
ISBN 13 : 135104253X
Total Pages : 679 pages
Book Rating : 4.3/5 (51 download)

DOWNLOAD NOW!

Book Synopsis The Routledge Handbook of State-Owned Enterprises by : Luc Bernier

Download or read book The Routledge Handbook of State-Owned Enterprises written by Luc Bernier and published by Routledge. This book was released on 2020-05-27 with total page 679 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

State-Owned Enterprises in the Global Economy

Author : Maciej Bałtowski
Publisher : Routledge
ISBN 13 : 1000594181
Total Pages : 343 pages
Book Rating : 4.0/5 (5 download)

DOWNLOAD NOW!

Book Synopsis State-Owned Enterprises in the Global Economy by : Maciej Bałtowski

Download or read book State-Owned Enterprises in the Global Economy written by Maciej Bałtowski and published by Routledge. This book was released on 2022-06-01 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) combine economic activities resulting from their position on the market with non-economic functions determined by the state owner. In many of the world’s major economies, SOEs play an important role, and in some, such as China, India, Russia and Brazil, they are outright dominant. At the same time, the existence of SOEs is largely ignored by economic theory and the current figures on SOEs on a global scale available in the literature are questionable in terms of their methodological validity and thus they do not allow for a proper cross-country analysis. This book fills this research gap. It focuses on the scope and importance of SOEs in a broad group of the largest economies, primarily on a variety of quantitative estimates. It contains the results of an extensive and unique empirical study of 37 of the world’s largest economies over the period from 2009 to 2018. The findings showed that the average share of SOEs – measured by operating revenues and total assets – in the group of the largest 100 enterprises (Top 100) of a given country is nearly 30%, while in the Top 20 group it is even slightly higher. The authors present an econometric analysis showing the relationship between the scope of SOEs and the various economic and non-economic characteristics of the studied set of countries. The book also contains an in-depth discussion of selected key issues, such as the functions of SOEs in various types of economies, the role of SOEs in capital markets and the phenomenon of SOEs with foreign capital. This work is addressed to both academic economists, dealing with macroeconomics and economic policy, as well as researchers and analysts from various international organizations and think-tanks.

State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight

Author : Bobana Cegar
Publisher : International Monetary Fund
ISBN 13 : 1513512188
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight by : Bobana Cegar

Download or read book State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight written by Bobana Cegar and published by International Monetary Fund. This book was released on 2019-09-20 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a new database of State-Owned Enterprise (SOE) financial statements, we find that SOEs in Bosnia and Herzegovina are mostly in poor financial shape. We estimate the overall size and composition of the SOE sector, and identify individual companies that affect fiscal and macroeconomic performance. Financial analysis suggests that SOEs are not contributing enough to the economy. We also review the SOE governance framework and find that governments do not exercise their ownership function in line with WB/OECD guidelines. Reforms to the governance frameworks are necessary to foster transparency and improve accountability. More fundamental reform of the SOE sector might increase overall GDP by 3 percent per year.

The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa

Author : Torsten Wezel
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

DOWNLOAD NOW!

Book Synopsis The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa by : Torsten Wezel

Download or read book The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa written by Torsten Wezel and published by International Monetary Fund. This book was released on 2022-03-18 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and overleveraged. In cross-sectional regressions we find that SOE debt stock sustainability is impacted by firms’ profitability and liquidity, while macroeconomic factors cannot be shown to matter, expect for some governance variables. Based on these findings and citing country examples, we also illustrate that weak SOE performance may have a macrofinancial impact affecting bank soundness through delinquent loan exposures.

Governance and State-Owned Enterprises: How Costly is Corruption?

Author : Ms.Anja Baum
Publisher : International Monetary Fund
ISBN 13 : 1513519298
Total Pages : 43 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Governance and State-Owned Enterprises: How Costly is Corruption? by : Ms.Anja Baum

Download or read book Governance and State-Owned Enterprises: How Costly is Corruption? written by Ms.Anja Baum and published by International Monetary Fund. This book was released on 2019-11-22 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption affects the performance of SOEs using firm level data across a large number of countries. One striking result is that SOEs perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also show that SOE governance reforms can generate significant performance gains.

Reforming State-Owned Enterprises in Asia

Author : Farhad Taghizadeh-Hesary
Publisher : Springer Nature
ISBN 13 : 9811585741
Total Pages : 341 pages
Book Rating : 4.8/5 (115 download)

DOWNLOAD NOW!

Book Synopsis Reforming State-Owned Enterprises in Asia by : Farhad Taghizadeh-Hesary

Download or read book Reforming State-Owned Enterprises in Asia written by Farhad Taghizadeh-Hesary and published by Springer Nature. This book was released on 2021-02-23 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance. SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed. The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.

The Business of the State

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464819998
Total Pages : 229 pages
Book Rating : 4.4/5 (648 download)

DOWNLOAD NOW!

Book Synopsis The Business of the State by : World Bank

Download or read book The Business of the State written by World Bank and published by World Bank Publications. This book was released on 2023-12-19 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The state, as an owner of businesses, competes and collaborates with the private sector, and this involvement has profound implications for investment and growth. Governments actively participate in commercial markets in different forms, from controlling the production of goods and services to investing in firms as a minority shareholder. The impact of state participation on an economy's growth depends on the type of public-private ownership, the types of markets, and the importance of those markets in the economy. The impact also depends on how policies and institutions regulate both the businesses with state ownership and the markets in which they are active. The Business of the State uses new evidence covering 91 countries from the World Bank's Global Businesses of the State database to highlight the distinction between businesses of the state and traditionally understood state-owned enterprises. The report analyzes how different ownership forms across sectors and institutional settings affect private investment, productivity, technology adoption, and job creation. It also analyzes how government participation in markets influences the ability of economies to respond to shocks, from pandemics to climate change. The report proposes a clear analytical framework for understanding the consequences of relying on businesses of the state to attain specific development goals.

Republic of Belarus

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484333284
Total Pages : 88 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Republic of Belarus by : International Monetary Fund. European Dept.

Download or read book Republic of Belarus written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-12-18 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper considers the relatively low level of diversification of Belarusian exports relative to peers, and barriers to higher export potential. Belarus faces different trade regimes vis-à-vis its largest trading partner, Russia, in the framework of the Eurasian Economic Union (EEU); and its second-largest, the European Union (EU). The paper discusses tariff and nontariff barriers within the EEU; the more restrictive trade relations with the EU; and other potential barriers to trade, including logistics and limited trade facilitation. WTO accession would help improve export competitiveness. Further EEU integration could also boost trade potential, but with the attendant risk that trading links become more concentrated rather than diversified. Belarus’s largest revealed comparative advantages are in areas where it is difficult to move into new products. Belarus’s trade patterns are significantly more concentrated than those of peer countries. Belarus has lowered tariffs in recent years, including in the framework of the Eurasian Economic Union (EEU).

The Oxford Handbook of State Capitalism and the Firm

Author : Late Professor of Entrepreneurship Mike Wright
Publisher : Oxford University Press
ISBN 13 : 0198837364
Total Pages : 913 pages
Book Rating : 4.1/5 (988 download)

DOWNLOAD NOW!

Book Synopsis The Oxford Handbook of State Capitalism and the Firm by : Late Professor of Entrepreneurship Mike Wright

Download or read book The Oxford Handbook of State Capitalism and the Firm written by Late Professor of Entrepreneurship Mike Wright and published by Oxford University Press. This book was released on 2022-07-28 with total page 913 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been a major revival of interest in State Capitalism: What it is, where it is found, and why it is seemingly becoming more ubiquitous. As a concept, it has evolved from radical critiques of the Soviet Union, to being deployed by neo-liberals to describe market reforms deemed imperfect, to settle into a middle ground, as a pragmatic way to describe the state assuming a role as an active economic agent, in addition to its regulatory, social, and security functions. The latter is the central focus of this book, although due attention is accorded to the origins of state capitalism and how it has changed over the years, as well as contemporary ways in which state capitalism may be theorized. This economic agency may assume direct forms, for example, via state owned enterprises. However, it may also be indirect, for example, actively serving private interests through promoting insider firms, who may occupy monopolistic market positions and perform outsourced state functions. In turn, this leads to raise salient governance questions. The latter may encompass agency tensions between public ownership, and political or even private interest control; it may also include issues of transparency and monitoring. Although state capitalism has often been depicted as the preserve of states in the global south, be they developmental or predatory, many forms of state capitalism are visible in mature economies, be they liberal or coordinated, and this is not always associated with superior governance arrangements; indeed, this is an area where clear and easy divisions between the developing or emerging world and the developed or mature world may increasingly be breaking down. This volume brings together the accounts of leading experts from around the world; it is explicitly multi-disciplinary, and both consolidates the exiting knowledge base, and provides new, novel, and counter-intuitive insights.

Advances in Corporate Governance

Author : Helmut K. Anheier
Publisher : Oxford University Press, USA
ISBN 13 : 0198866364
Total Pages : 325 pages
Book Rating : 4.1/5 (988 download)

DOWNLOAD NOW!

Book Synopsis Advances in Corporate Governance by : Helmut K. Anheier

Download or read book Advances in Corporate Governance written by Helmut K. Anheier and published by Oxford University Press, USA. This book was released on 2020-10-12 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the performance of corporate governance regimes since the Global Financial Crisis in 2008 and analyses whethe regulatory changes and corporate governance codes have made a difference.

Regulation of State-Controlled Enterprises

Author : Julien Chaisse
Publisher : Springer Nature
ISBN 13 : 9811913684
Total Pages : 727 pages
Book Rating : 4.8/5 (119 download)

DOWNLOAD NOW!

Book Synopsis Regulation of State-Controlled Enterprises by : Julien Chaisse

Download or read book Regulation of State-Controlled Enterprises written by Julien Chaisse and published by Springer Nature. This book was released on 2022-08-25 with total page 727 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses actual and potential normative (whether legislative or contractual) conflicts and complex transnational disputes related to state-controlled enterprises (SCEs) operations and how they are interwoven with the problem of foreign direct investment. Moreover, SCEs also fall within the remit of international political economy, international economics and other SCE-related fields that go beyond purely legal or regulatory matters. In this connection, research on such economic and political determinants of SCE’s operations greatly informs and supplements the state of knowledge on how to best regulate cross-border aspects of SCE’s and is also be covered in this book. The book also aims to analyse the “SCE phenomenon” which includes a wide panoply of entities that have various structures with different degrees of control by states at the central or regional level, and that critically discuss the above-mentioned overlapping legal economic and political systems which can emerge under various shades of shadows casted by governmental umbrellas (i.e., the control can be exercised through ownership, right to appoint the management, and special-voting-rights). The chapters in this book are grouped, so as to address cross-border investment by and in SCE, into four coherent major parts, namely --- (i) the regulatory framework of state capitalism: laws, treaties, and contracts; (ii) economic and institutional expansion of state capitalism; (iii) the accountability of state capitalism: exploring the forms of liabilities; and (iv) regional and country perspectives. Contributions address the core theme from a broad range of SCE and international economic regulations, including but not limited to competition law, WTO law, investment law, and financial/monetary law. They also cover the new emerging generation of Free Trade Agreements (EU-Vietnam FTA, EU China investment treaty, Regional Comprehensive Economic Partnership; and the coordination between treaty systems). The book is a valuable addition and companion for courses, such as international trade law, international law of foreign investment, transnational law, international and economic development, world politics, law of preferential trade agreements, international economics, and economics of development.

Managing Fiscal Risks from National Airlines in Pacific Island Countries

Author : Vybhavi Balasundharam
Publisher : International Monetary Fund
ISBN 13 : 1513588869
Total Pages : 27 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Managing Fiscal Risks from National Airlines in Pacific Island Countries by : Vybhavi Balasundharam

Download or read book Managing Fiscal Risks from National Airlines in Pacific Island Countries written by Vybhavi Balasundharam and published by International Monetary Fund. This book was released on 2021-07-09 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government debt, losses in airlines are adding to fiscal risks in some PICs. This paper discusses tools to evaluate and manage the fiscal risks from national airlines in the Pacific. We present a snapshot of the current state of Public Financial Management (PFM) practices in PICs and detail the best practices. This exercise would illustrate the areas in which PICs have scope to improve their risk management with regard to national airlines. We then discuss the use of diagnostic tools and capacity development to enhance monitoring and risk management. Greater transparency and accountability in the airlines, combined with rigorous oversight, would be the first step towards improved financial management of national airlines.

State Corporate Control in Transition

Author : Piotr Kozarzewski
Publisher : Springer Nature
ISBN 13 : 3030785629
Total Pages : 372 pages
Book Rating : 4.0/5 (37 download)

DOWNLOAD NOW!

Book Synopsis State Corporate Control in Transition by : Piotr Kozarzewski

Download or read book State Corporate Control in Transition written by Piotr Kozarzewski and published by Springer Nature. This book was released on 2021-10-18 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the global financial crisis of 2008-2009, there has been a growing interest among policy makers towards the more active role of the state in the enterprise sector. This book provides valuable insight into the changing role of state-owned enterprises in economic policy, a topic at the cross section of several interrelated, but usually independent research streams first of all transition research, varieties of capitalism literature, public choice approach and institutionalism studies. With the existing literature on state ownership concentrating on the developed economies and on selected emerging economies, this book fills an important gap in focusing on the post-communist transition countries. The Polish experience is looked at in a comparative perspective of selected transition countries, which deserve special attention as they had to cope with a radical change of their economic policies towards the enterprise sector. This book will be valuable reading for academics in economic policy, transition economics, and institutional economics, and policy makers and practitioners in EU bodies and emerging economies.

Global Economic Prospects, January 2018

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464812454
Total Pages : 240 pages
Book Rating : 4.4/5 (648 download)

DOWNLOAD NOW!

Book Synopsis Global Economic Prospects, January 2018 by : World Bank Group

Download or read book Global Economic Prospects, January 2018 written by World Bank Group and published by World Bank Publications. This book was released on 2018-01-26 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate. However, the global economic outlook remains clouded by a number of risks. These include the possibility of financial market disruptions, rising protectionist sentiment, and heightened geopolitical tensions. Of particular concern is evidence of subdued productivity and slowing potential growth. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the causes of the broad-based slowing of potential growth and suggests remedies. The report also contains Special Focus sections on the impact of the 2014-2016 oil price collapse and the relationship between education demographics and global inequality. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.