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02087cas a2200241 a 4500 |
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|c 5.00 USD
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|z 9781484315163
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Bower, Uwe.
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|a State-Owned Enterprises in Emerging Europe :
|b The Good, the Bad, and the Ugly /
|c Uwe Bower.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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| 300 |
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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-a-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.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2017/221
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/221/001.2017.issue-221-en.xml
|z IMF e-Library
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