State-Owned Enterprises as Global Competitors A Challenge or an Opportunity?


Book Description

An estimated 22% of the world’s largest firms are now effectively under state control, this is the highest percentage in decades. These firms are likely to remain a prominent feature of the global marketplace in the near future.




Financing State-owned Enterprises


Book Description

This book sheds light on how financing decisions are made regarding state-owned enterprises and synthesises national policies and practices. It also examines a broad range of financial transactions and conditions which might make the cost of operating SOEs materially different than for private competitors, and identifies whether any mechanisms are in place to neutralise such differences.




State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges


Book Description

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.




Reforms, Opportunities, and Challenges for State-Owned Enterprises


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.







Corporate Governance of State-Owned Enterprises


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.




State-Owned Entities and Human Rights


Book Description

Examines the fundamental role played by international law in the regulation of State-owned entities from a human rights perspective.




Competitive Neutrality Toolkit Promoting a Level Playing Field


Book Description

The Competitive Neutrality Toolkit provides a set of good practices, based on examples from international experience, to support public officials in identifying and reducing distortions to competition due to state intervention. It supports the implementation of the principles set out in the OECD Recommendation on Competitive Neutrality to promote a level playing field, and covers the Recommendation’s main themes: competition law and enforcement, regulatory environment, public procurement, state support, and public service obligations.







Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises


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.