Governance Challenges Of Listed State Owned Enterprises Around The World PDF Download
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Author | : Edimon Ginting |
Publisher | : Asian Development Bank |
Total Pages | : 355 |
Release | : 2020-07-01 |
Genre | : Business & Economics |
ISBN | : 9292622838 |
Download Reforms, Opportunities, and Challenges for State-Owned Enterprises Book in PDF, ePub and Kindle
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 | : Curtis J. Milhaupt |
Publisher | : |
Total Pages | : 66 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download Governance Challenges of Listed State-Owned Enterprises Around the World Book in PDF, ePub and Kindle
Despite predictions of their demise in the aftermath of the collapse of socialist economies in Eastern Europe, state-owned enterprises (SOEs) are very much alive in the global economy. The relevance of listed SOEs -- firms still subject to government ownership, a portion of whose shares are traded on public stock markets -- has persisted and even increased around the world, as policymakers have encouraged the partial floating of SOE shares either as a first step toward, or as an alternative to, privatization. In this article, we evaluate the governance challenges associated with mixed ownership of enterprise, and examine a variety of national approaches to the governance of listed SOEs, with a view to framing a robust policy discussion in the many countries where SOE reform is a topic of major significance. We describe the evolution and current status of the institutional framework applicable to listed SOEs in eight different jurisdictions, reflecting a variety of economic, legal, and political environments: France, the United States, Norway, Colombia, Brazil, Japan, Singapore, and China. We leverage the lessons from this comparative analysis to critique the policy prescriptions of international agencies such as the OECD, and to frame policy suggestions of our own.
Author | : Mr. Ernesto Ramirez Rigo |
Publisher | : International Monetary Fund |
Total Pages | : 153 |
Release | : 2021-09-20 |
Genre | : Business & Economics |
ISBN | : 1513594087 |
Download State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges Book in PDF, ePub and Kindle
Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.
Author | : World Bank Publications |
Publisher | : World Bank Publications |
Total Pages | : 391 |
Release | : 2014-10-02 |
Genre | : Business & Economics |
ISBN | : 1464802297 |
Download Corporate Governance of State-Owned Enterprises Book in PDF, ePub and Kindle
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 | : Reuel J. Khoza |
Publisher | : Picador Africa |
Total Pages | : 352 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
Download The Power of Governance Book in PDF, ePub and Kindle
The power of governance is an essential contribution to the ongoing international debate surrounding corporate governance.
Author | : Ms.Anja Baum |
Publisher | : International Monetary Fund |
Total Pages | : 43 |
Release | : 2019-11-22 |
Genre | : Social Science |
ISBN | : 1513522221 |
Download Governance and State-Owned Enterprises: How Costly is Corruption? Book in PDF, ePub and Kindle
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.
Author | : Organisation for Economic Co-operation and Development |
Publisher | : Org. for Economic Cooperation & Development |
Total Pages | : 236 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
Download Corporate Governance of State-Owned Enterprises Book in PDF, ePub and Kindle
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 | : Lay Hong Tan |
Publisher | : |
Total Pages | : |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Modelling an Effective Corporate Governance System for China's Listed State-Owned Enterprises Book in PDF, ePub and Kindle
The purpose of this paper is to construct a suitable model of corporate governance for China's listed companies that were formerly state-owned enterprises (ie listed SOEs). The paper first identifies the corporate governance problems in China's listed SOEs. It is then followed by an examination of the suitability of the insider/outsider systems of corporate governance as a model for China's listed SOEs in light of China's current political, economic and social conditions. Drawing from the Singapore's model of corporate governance for its government-linked companies, the paper concludes with a proposal to adopt the Singapore's Temasek model as a system of corporate governance for China's listed SOEs.
Author | : Ravi Ramamurti |
Publisher | : World Bank Publications |
Total Pages | : 344 |
Release | : 1991-01-01 |
Genre | : Business & Economics |
ISBN | : 9780821318638 |
Download Privatization and Control of State-owned Enterprises Book in PDF, ePub and Kindle
Author | : Aldo Musacchio |
Publisher | : Inter-American Development Bank |
Total Pages | : 259 |
Release | : 2019-11-20 |
Genre | : Business & Economics |
ISBN | : 1597823716 |
Download Fixing State-Owned Enterprises Book in PDF, ePub and Kindle
The situation of state-owned enterprises (SOEs) in Latin America and the Caribbean continues to be dire. This book uses an original database of SOE performance that shows that every year about one-third of such enterprises in the region report losses (up to 70 percent in some countries) and that they require between 0.3 and one percentage point of GDP in fiscal transfers to cover such losses. Countries in the region have adopted centralized agency monitoring of their SOEs, managed to reduce the fiscal burden of SOEs, shown better financial returns, and accumulated less liabilities to GDP, thus generating less fiscal risk for the government overall. Each of the chapters provides a practical way to solve either asymmetry of information problems in the monitoring of SOEs or solutions to reduce the discretionary nature of the fiscal governance of SOEs. Chapter 2 details the kinds of fiscal risks and contingent liabilities that SOEs create for governments and provides a set of controls to limit those risks. Chapter 3 shows that allowing SOEs to issue bonds has been an ineffective way of hardening their budget constraint, given that investors price those bonds at a discount. Chapter 4 presents a state-contingent financial instrument that allows investors to value an SOE. Chapter 5 provides empirical evidence on the advantages of SOE centralized monitoring agencies in Latin America and the Caribbean, highlighting Chile, Peru, and Paraguay. Chapter 6 examines the experience of East Asian countries with holding companies and discusses when holding companies are a better vehicle to control SOEs. Chapter 7 suggests ways to align the incentives of politicians and SOE managers to provide better goods and services. Finally, Chapter 8 provides a practical guide to improve the monitoring of SOEs and to design a centralized monitoring agency.