Governance And State Owned Enterprises How Costly Is Corruption
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| Author | : Ms.Anja Baum |
| Publisher | : International Monetary Fund |
| Total Pages | : 43 |
| Release | : 2019-11-22 |
| Genre | : Social Science |
| ISBN | : 1513522221 |
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 | : Mr. Ernesto Ramirez Rigo |
| Publisher | : International Monetary Fund |
| Total Pages | : 153 |
| Release | : 2021-09-20 |
| Genre | : Business & Economics |
| ISBN | : 1513594087 |
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 |
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 | : Organisation for Economic Co-operation and Development |
| Publisher | : Org. for Economic Cooperation & Development |
| Total Pages | : 236 |
| Release | : 2005 |
| Genre | : Business & Economics |
| ISBN | : |
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 | : Edimon Ginting |
| Publisher | : Asian Development Bank |
| Total Pages | : 355 |
| Release | : 2020-07-01 |
| Genre | : Business & Economics |
| ISBN | : 9292622838 |
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 | : Uwe Böwer |
| Publisher | : International Monetary Fund |
| Total Pages | : 27 |
| Release | : 2017-10-30 |
| Genre | : Business & Economics |
| ISBN | : 1484326261 |
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.
| Author | : Ms. Emilia M Jurzyk |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2021-03-12 |
| Genre | : Business & Economics |
| ISBN | : 1513571923 |
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.
| Author | : |
| Publisher | : World Bank Publications |
| Total Pages | : 180 |
| Release | : 2000 |
| Genre | : Political Science |
| ISBN | : 9780821346006 |
Much of the devastation caused by the recent earthquake in Turkey was the result of widespread corruption between the construction industry and government officials. Corruption is part of everyday public life and we tend to take it for granted. However, preventing corruption helps to raise city revenues, improve service delivery, stimulate public confidence and participation, and win elections. This book is designed to help citizens and public officials diagnose, investigate and prevent various kinds of corrupt and illicit behaviour. It focuses on systematic corruption rather than the free-lance activity of a few law-breakers, and emphasises practical preventive measures rather than purely punitive or moralistic campaigns.
| Author | : International Monetary Fund. Fiscal Affairs Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2008-05-31 |
| Genre | : Business & Economics |
| ISBN | : 1498334520 |
A number of member countries have expressed interest in advice regarding disclosure and management of fiscal risks (defined as the possibility of deviations of fiscal outcomes from what was expected at the time of the budget or other forecast). This paper analyzes the main sources of fiscal risks and—building on an overview of existing practices in a wide range of countries—provides practical suggestions in this area, including a possible Statement of Fiscal Risks and a set of Guidelines for Fiscal Risk Disclosure and Management.
| Author | : Mr.J. D. Craig |
| Publisher | : International Monetary Fund |
| Total Pages | : 50 |
| Release | : 1998-02-03 |
| Genre | : Business & Economics |
| ISBN | : 155775697X |
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
