Broadening The Ownership Of State Owned Enterprises A Comparison Of Governance Practices
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Broadening the Ownership of State-Owned Enterprises A Comparison of Governance Practices by OECD Pdf
The State continues to remain an important shareholder in listed companies worldwide. This book provides fresh perspectives on the motivation to list state-owned enterprises (SOEs) and the process it entails.
Corporate Governance of State-Owned Enterprises A Survey of OECD Countries by OECD Pdf
Presents the OECD Guidelines on Corporate Governance of State-Owned Enterprises as well as a comparative overview of main practices and issues related to corporate governance of state-owned enterprises in the OECD area.
This report reviews the rationales offered by national governments for including or maintaining certain corporate assets in state ownership. Drawing from responses from 24 countries to a questionnaire based on the OECD Guidelines on Corporate Governance of State-Owned Enterprises (the "Guidelines"), the report aims to provide guidance to authorities seeking to reform or review their ownership policies. It does so, first, by providing provides an inventory of national practices regarding the application of the Guidelines recommendation that governments should develop and issue an ownership policy that defines the overall objectives of state ownership, the state's role in the corporate governance of state-owned enterprises (SOEs), and how it will implement its ownership policy. Second, the report illustrates how the state enterprise ownership policy is applied in situations where new SOEs are created, or when the state decides to terminate its enterprise ownership. The report was reviewed by the OECD Working Party on State Ownership and Privatisation Practices, which oversees implementation of the Guidelines, and is current as of October 2014.
Organisation de coopération et de développement économiques
Author : Organisation de coopération et de développement économiques Publisher : Unknown Page : 60 pages File Size : 42,7 Mb Release : 2015 Category : Government business enterprises ISBN : 9264249729
State-Owned Enterprise Governance by Organisation de coopération et de développement économiques Pdf
This report reviews the rationales offered by national governments for including or maintaining certain corporate assets in state ownership. Drawing from responses from 24 countries to a questionnaire based on the OECD Guidelines on Corporate Governance of State-Owned Enterprises (the “Guidelines”), the report aims to provide guidance to authorities seeking to reform or review their ownership policies. It does so, first, by providing provides an inventory of national practices regarding the application of the Guidelines recommendation that governments should develop and issue an ownership policy that defines the overall objectives of state ownership, the state’s role in the corporate governance of state-owned enterprises (SOEs), and how it will implement its ownership policy. Second, the report illustrates how the state enterprise ownership policy is applied in situations where new SOEs are created, or when the state decides to terminate its enterprise ownership. The report was reviewed by the OECD Working Party on State Ownership and Privatisation Practices, which oversees implementation of the Guidelines, and is current as of October 2014.
State-Owned Enterprises in Emerging Europe: The Good, the Bad, and the Ugly by Uwe Böwer Pdf
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.
Governance and State-Owned Enterprises: How Costly is Corruption? by Ms.Anja Baum,Clay Hackney,Paulo Medas,Mouhamadou Sy Pdf
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 : World Bank Publications Publisher : World Bank Publications Page : 391 pages File Size : 50,5 Mb Release : 2014-10-02 Category : Business & Economics ISBN : 9781464802294
Corporate Governance of State-Owned Enterprises by World Bank Publications Pdf
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 : Ravi Ramamurti,Raymond Vernon Publisher : World Bank Publications Page : 344 pages File Size : 55,6 Mb Release : 1991-01-01 Category : Business & Economics ISBN : 0821318632
OECD Guidelines on Corporate Governance of State-Owned Enterprises, 2015 Edition by OCDE, Pdf
The new OECD Guidelines on Corporate Governance of State-Owned Enterprises provide an internationally agreed benchmark to help governments assess and improve the way they exercise ownership functions in state-owned enterprises (SOEs).
State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by Mr. Ernesto Ramirez Rigo,Christine J. Richmond,Oluremi Akin Olugbade,Gareth Anderson,Maria Atamanchuk,Mr. Hatim Bukhari,Iacovos Ioannou,Deeksha Kale,Tannous Kass-Hanna,Mr. Maximilien Queyranne,Wei Shi,Joyce Wong Pdf
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.
Corporate Governance Boards of Directors of State-Owned Enterprises An Overview of National Practices by OECD Pdf
This book sheds light on good practices concerning boards of directors of state-owned enterprises. It draws on national practices from over 30 economies.
Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises by Ms. Emilia M Jurzyk,Mr. Cian Ruane Pdf
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.
