Academic literature on the topic 'State-owned enterprises'

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Journal articles on the topic "State-owned enterprises"

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Biba, Diana. "State Owned Enterprises." European Journal of Economics and Business Studies 6, no. 3 (2020): 118. http://dx.doi.org/10.26417/340tur47w.

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According to OECD (2015), any corporate entity recognized by national law as an enterprise, and in which the state exercises ownership, should be considered as a State-Owned Enterprise (SOE). Although most industrialized economies are characterized by open and competitive markets firmly rooted in the rule of law, with private enterprises as the predominant economic actors yet governments continue to own and operate national commercial enterprises in key industries, making them important actors in the market, in the economy and in the society. The SOEs are an established reality world - wide but how well this reality performs is another question, that needs to be considered case by case. However, it may be concluded that when governed transparently and efficiently, SOEs can play a role in creating fairer, more competitive markets. Thus, in order to maximize their contribution to the economy and the society, SOEs should be productive and efficient.
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Bakry, Saad Haj, and Khaled al Ghoneim. "State-Owned Enterprises." International Journal of Smart Education and Urban Society 11, no. 4 (2020): 53–64. http://dx.doi.org/10.4018/ijseus.2020100104.

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Sustainable development (SD) is widely considered as our common future, which should be the concern of all countries. Therefore, state-owned enterprises (SOEs) are supposed to seek sustainable development. This paper has four main objectives. The first is to emphasize SD as an important target for the common future of the whole world. The second is to explore SOEs, and their increasing importance, as a promising “mean” for reaching this target. The third is to provide a generic “framework” of SOEs that enhances their understanding and supports their assessment and future development. And the fourth is to provide an example of using the framework for an active SOE in Saudi Arabia. The paper hopes to provide useful guidance to dealing with SOEs; and to supporting their role in the SD of their countries and the whole world.
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Roper, Juliet, and Michèle Schoenberger-Orgad. "State-Owned Enterprises." Management Communication Quarterly 25, no. 4 (2011): 693–709. http://dx.doi.org/10.1177/0893318911415598.

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This article seeks to broaden the parameters of the research into and discourse of CSR, which, by definition, has focused on corporations, but has neglected the role of governments as corporate owners. Greater awareness and transparency of corporate ownership should open up discussions of accountability, especially as citizens are arguably the principal shareholders of government-owned companies. These are issues of potential concern to organizational communication scholars. The article first examines the nature and genesis of government-owned corporations, particularly in the New Zealand context, which very much follows the pattern of similar corporations around the world. A case study follows, with extant literature of CSR, legitimacy, and the conventionally regarded relative roles of state and the economy drawn upon to inform discussion of the broader ramifications of the case for other organizational contexts.
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Heath, Robert L. "State-Owned Enterprises." Management Communication Quarterly 25, no. 4 (2011): 725–31. http://dx.doi.org/10.1177/0893318911415599.

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Morsing, Mette. "State-Owned Enterprises." Management Communication Quarterly 25, no. 4 (2011): 710–17. http://dx.doi.org/10.1177/0893318911415600.

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Cunningham, Peggy H. "State-Owned Enterprises." Management Communication Quarterly 25, no. 4 (2011): 718–24. http://dx.doi.org/10.1177/0893318911419935.

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Anastassopoulos, Jean-Pierre. "State-owned Enterprises Between Autonomy and Dependency." Journal of Public Policy 5, no. 4 (1985): 521–39. http://dx.doi.org/10.1017/s0143814x00003305.

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ABSTRACTThe relationship between the state and its own enterprises may be analyzed at three different levels: a rational-economic level, where what is good for the state-owned enterprise may oppose what is good for the state as a whole; an organizational level, where such conflicts are aggravated by a power struggle; and a political level, where the arbitrating authority is seen as an individual member of the government. If state-owned enterprises are to serve national goals and be efficiently managed, their relationship with the state must be improved. First, the state should set the state-owned enterprise's general objectives, approve its proposed strategy, and refrain from intervening any further in its management. Second, the state-owned enterprise should report to one authority only for an approval, and submit to effective strategic control. Third, political interventions should be few, and should consist of middle-range agreements signed between a member of government and the state-owned industry's top manager, avoiding partisan or too detailed considerations.
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Li, Yitong. "Research on the Problems and Countermeasures of Knowledge Workers Loss in state-owned Enterprises." Highlights in Business, Economics and Management 13 (May 29, 2023): 113–21. http://dx.doi.org/10.54097/hbem.v13i.8633.

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In the era of the knowledge economy, the core object of enterprise human resource management is knowledge workers. The status of knowledge workers in state-owned enterprises is even more important. They are the core human resources of state-owned enterprises, mastering the enterprise's key resources, core technology, and management secrets. The loss of knowledge workers in state-owned enterprises is becoming increasingly serious. The loss of knowledge workers has seriously weakened the market competitiveness of state-owned enterprises. It is one of the major problems affecting the survival and development of state-owned enterprises. Reducing the loss of knowledge workers has become a major challenge for state-owned enterprises. This article will analyze the existing problems within state-owned enterprises, such as welfare policies, performance appraisal, and working environment. At the same time, it summarizes the problems existing in the life of different types of knowledge workers. Finally, combined with the development of today's society, put forward corresponding effective suggestions and achievable solutions.
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Rahmat Saleh Harahap. "Relationship between the effectiveness of Good Corporate Governance (GCG) policies with the occurrence of corruption cases in the State-Owned Enterprises environment." Journal of Sosial Science 1, no. 3 (2020): 78–82. http://dx.doi.org/10.46799/jsss.v1i3.34.

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In the economic system, the role of State-Owned Enterprises is as an implementer of public services, distribution of resources that control the lives of many people, as pioneers/pioneers in the business sector that are not yet desirable by the private sector and as a source of state revenue. This role can be realized if the State-Owned Enterprise in its objectives can implement the principles of Good Corporate Governance (GCG) well. But in reality, it is often difficult to face challenges faced by State-Owned Enterprises managers in implementing good governance. The intervention of State-Owned Enterprises business management with a political-bureaucratic approach that is no different from other government agencies. And at worst there are still a series of corruption cases carried out by the leadership of State-Owned Enterprises to seek personal gain. This is certainly a contradiction with State-Owned Enterprise's governance which is always published. Existing GCG implementation policies are deemed ineffective because they are not adhered to. This illustrates that business governance in ` State-Owned Enterprises itself has not been going well. Improvement in the application of good corporate governance (GCG) must be carried out immediately and the improvement of the GCG ecosystem of the State-Owned Enterprise itself must receive the attention of the government. Synergy is needed with the government's commitment to forcing State-Owned Enterprises to implement GCG in a transparent and accountable manner, with a high level of professionalism and effectiveness.
 Keywords: Good Corporate Governance State-Owned Enterprises Government Implementation
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Rahmat Saleh Harahap. "Relationship between the effectiveness of Good Corporate Governance (GCG) policies with the occurrence of corruption cases in the State-Owned Enterprises environment." Journal of Social Science 1, no. 3 (2020): 78–82. http://dx.doi.org/10.46799/jss.v1i3.34.

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In the economic system, the role of State-Owned Enterprises is as an implementer of public services, distribution of resources that control the lives of many people, as pioneers/pioneers in the business sector that are not yet desirable by the private sector and as a source of state revenue. This role can be realized if the State-Owned Enterprise in its objectives can implement the principles of Good Corporate Governance (GCG) well. But in reality, it is often difficult to face challenges faced by State-Owned Enterprises managers in implementing good governance. The intervention of State-Owned Enterprises business management with a political-bureaucratic approach that is no different from other government agencies. And at worst there are still a series of corruption cases carried out by the leadership of State-Owned Enterprises to seek personal gain. This is certainly a contradiction with State-Owned Enterprise's governance which is always published. Existing GCG implementation policies are deemed ineffective because they are not adhered to. This illustrates that business governance in ` State-Owned Enterprises itself has not been going well. Improvement in the application of good corporate governance (GCG) must be carried out immediately and the improvement of the GCG ecosystem of the State-Owned Enterprise itself must receive the attention of the government. Synergy is needed with the government's commitment to forcing State-Owned Enterprises to implement GCG in a transparent and accountable manner, with a high level of professionalism and effectiveness.
 Keywords: Good Corporate Governance State-Owned Enterprises Government Implementation
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Dissertations / Theses on the topic "State-owned enterprises"

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Dong, Jie. "Mergers and acquisitions of Chinese state owned enterprises by privately owned enterprises." Thesis, University of Manchester, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.488635.

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Since the late 1980s, mergers and acquisitions (M&As) have started to take place in China. In recent years, M&As have become an increasingly common strategy used not only by Chinese enterprises seeking expansion, but also by foreign finns interested in direct entry. The transaction fees have also jumped from $32.1 million in 1985 to $70 billion in 2004. However, due to the special economic environmel1t, M&As in China have been influenced by the shadow of economic planning and limited by intervention from the govemment, especially the M&As that concem with stated owned assets. This study intends to uncover the critical influences that have significant value-added impacts on M&A of privately owned enterprises in China. An integrated and holistic viewpoint that includes the most critical rational choice perspective within a multidimensional framework will be employed. Key factors in the areas of govemment, strategic fit, and organizational fit are explored and analyzed in nom1al qualitative ways, which based on two case studies as the research methodology throughout the study. The findings of this study suggest that Govemment is considered to be the important factor influencing the decision making of the enterprises and the integration management of the M&A, which is helpful for the resources reallocation and organizational compatibility. Differences in resource allocation also can be considered as the most important strategic complementarity in the pre-acquisition phase to achieve the synergy. Key factors in the integration management phase are effective integration of personnel characteristics, and culture fit. Employees' conciliation and effective leadership as personnel characteristics can be considered as the crucial factors to the successful M&A. The 'soft' and 'supportive' acculturation of culture concept, and the incentive and supervisory mechanism; and integration of the management system have also been found as the major approaches to integrate the culture. The findings in this study also indicate that unsound agency service, ambiguous attitude from the govemment, incomplete related law and regulations are still obstacles to positive M&A perfom1ance. The study findings will expand the domain of Chinese M&A studies, enlarge the domain of the rational choice perspective, establish a multidisciplinary Chinese M&A model, which help to improve Chinese industry academics' and practitioners' understanding of important M&A phenomena not only leading to significant successful upgrading of industry (transfom1 from completion of the original accumulation to mass production stage); but also providing with a meaning of demonstration and popularisation to the refom1 of the state owned enterprises.
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Cai, Ying. "Securitization of state-owned enterprises in China." Thesis, Click to view the E-thesis via HKUTO, 1998. http://sunzi.lib.hku.hk/HKUTO/record/B38627917.

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Sukartha, Putu Dyan Yaniartha. "Indonesian state-owned enterprises and earnings quality." Thesis, Queensland University of Technology, 2020. https://eprints.qut.edu.au/203192/1/Putu%20Dyan%20Yaniartha_Sukartha_Thesis.pdf.

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This thesis extends the earnings quality literature through its focus on two Indonesian phenomena – a two-stage approach to International Financial Reporting Standards (IFRS) convergence and partial privatisation of State-owned enterprises (SOEs). Using extensive panel data from the Indonesian stock exchange the study finds that accrual quality of listed SOEs has significantly improved under IFRS, but not earnings persistence or earnings smoothness. Employing the latent growth curve model, the study finds that the second stage of convergence had a more pronounced impact on accrual quality. Comparatively, the rate of improvement in accrual quality was higher for SOEs than non-SOE listed companies.
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Feng, Jia. "The reform of state-owned enterprises in China." Thesis, University of Macau, 1999. http://umaclib3.umac.mo/record=b1636222.

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Pu, Cheng-Chiu. "Political democracy and public enterprise management : a study of Taiwan's state-owned enterprises /." full text via ADT, 2007. http://erl.canberra.edu.au/public/adt-AUC20081024.110804/index.html.

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Pu, Cheng-Chiu, and n/a. "POLITICAL DEMOCRACY AND PUBLIC ENTERPRISE MANAGEMENT: A STUDY OF TAIWAN'S STATE-OWNED ENTERPRISES." University of Canberra. Business and Government, 2007. http://erl.canberra.edu.au./public/adt-AUC20081024.110804.

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This thesis is a study of why and how an authority model of managing state-owned enterprises has remained popular in Taiwan through the past two decades. The subject was chosen because it has to date, been a neglected subject in the literature on Taiwan, even though it is significant to any serious examination of Taiwan's continuing political development and the government's approach to governance. Taiwan has experienced three major milestones of political democratisation over the period, each greatly enhancing the democratic characteristics of the state and also reflecting a degree of absorption of global political and economic pressures. Taiwan's political democratisation has been widely discussed in recent years, but not much attention has been paid to the effect of the political changes on its public sector management. The discussions have simply speculated that the Taiwanese government no longer uses the authoritarian way of governing the country, in keeping with its promotion of democratic development. However, this research clearly indicates that the change of political regime from the previous Kuomintang (KMT) to the Democratic Progressive Party (DPP) has not meant any significant change in the way state-owned enterprises are managed. The approach of the DPP government resembles that of the KMT government in that it continues with an authoritarian way of managing state-owned enterprises, despite the party's long established commitment to a democratic way. In other words, this huge change has not meant state-owned enterprises are any better placed than they were previously in terms of having a greater degree of enterprise management autonomy. This research also shows that Taiwanese governments, regardless of which of the two parties is in power, manipulate state-owned enterprise management using the enterprises as a major means of achieving multiple political objectives. In particular, it has become almost endemic in Taiwan's politics that the ruling party manipulates state-owned enterprise management in order to win political elections and protect its political position. In this sense, it has become evident that the democratic way of governance has still not been used within this part of the government yet.
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Gomes, Ivo Filipe Gonçalves. "Real earnings management : state-owned vs non-state-owned companies." Master's thesis, Instituto Superior de Economia e Gestão, 2018. http://hdl.handle.net/10400.5/17573.

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Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais<br>O propósito deste estudo é analisar o grau de gestão de resultados com base em operações reais nas empresas estatais e não estatais, tendo em consideração os potênciais efeitos de períodos de crise. A amostra é composta de 15.147 empresas, 995 das quais estatais, de 22 países euopeus, 8 setores de indústria e durante os anos de 2008 a 2017. De acordo com a metodologia desenvolvida por Roychowdhury (2006), os resultados demonstram que as empresas privadas praticam mais gestão de resultados com base em operações reais, quando comparadas com as empresas não estatais. Adicionalmente, a dimensão, o endividamento e as oportunidades de crescimento de uma empresa foram vistas como fatores de influencia na pratica de gestão de resultados. Finalmente, os resultados demonstram que os períodos de crise têm uma influência positiva na prática de gestão de resultados.<br>The study has the purpose of analysing the degree of real earnings management in state and non-state-owned firms, taking into account the potential effects of crisis periods. The sample is composed of 15.147 companies, 995 state-owned and 14.152 non-state-owned, from 22 European countries and 8 industry sectors, from the years of 2008 to 2017. Following the Roychowdhury (2006) methodology the results show that state-owned firms have a higher degree of real earnings management when compared with non-state-owned. Additionally, the size, debt and growth opportunities were seen to influence the practice of real earnings management. Finally, the results show that the crisis periods have a positive influence on the practice of real earnings management.<br>info:eu-repo/semantics/publishedVersion
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Kuang, Lei. "Competition policy and state-owned enterprises in contemporary China." Thesis, University of Edinburgh, 2016. http://hdl.handle.net/1842/20463.

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This thesis explores, first, the evolvement and implementation of competition policy in China, where a competition culture was largely missing for decades; and second, the extent to which the government has resolved the inherent contradiction between preserving state control and promoting competition. The main aim is to evaluate how a competition law, which is essentially a product of capitalist free market economy, is being applied in China, a socialist country where predominant state-owned enterprises (SOEs) together with their owner – the Chinese government – generate the most distortions to market competition. To achieve this aim, the thesis studies, first, the ongoing economic transition and the historical development of Chinese competition policy; second, the prolonged drafting process of the Anti- Monopoly Law (AML); third, the substantive and institutional aspects of the enforcement of the AML, and the outstanding problems of the current competition system; and fourth, the role of the government in the interplay between competition policy and SOEs. The thesis also studies the European Union (EU) competition regime, which had substantial influence on the adoption of the AML and the design of China’s competition system. This discussion intends to use the experiences of the EU in modernising its competition system and in handling competition-related issues involving public enterprises to provide some meaningful answers to certain problems concerning the application of the AML and to possible reform of competition system in China.
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Wang, L. "State-owned enterprises and the international investment law regime." Thesis, University of Liverpool, 2017. http://livrepository.liverpool.ac.uk/3018906/.

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Boateng, Edward Akuamoah. "Managing State-Owned Enterprises: The Special Projects of Ghana." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/2203.

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State-owned enterprise (SOE) failures continue to burden the government of Ghana. During the 5-year period ending in 2012, the profits from these equity investments dropped by 80%. This study was an exploratory case study of how top-down, board-directed governance structure impact the control and ethical structure of special projects. Sixteen participants, comprised of managers, technicians, and board members, were recruited from 4 separate special projects in northern, central, and southern Ghana. Agency theory formed the conceptual framework for this study. Data collected from the face-to-face interviews and supporting documents were processed and analyzed to discern emergent themes. Through methodological triangulation, 5 main themes emerged including board influence on management and operations, operational and financial controls, ethical values, quality assurance, and motivation. The implications for positive social change include helping to reduce poverty within the local communities of Ghana through the creation of competitive projects that can sustain a productive workforce.
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Books on the topic "State-owned enterprises"

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T, Danareksa P. Indonesia's state-owned enterprises. Danareksa, 2006.

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Anastassopoulos, J. P. State-owned multinationals. Wiley, 1987.

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Zhang, Yong. Large Chinese State-Owned Enterprises. Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230597532.

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MacAvoy, Paul W., W. T. Stanbury, George Yarrow, and Richard J. Zeckhauser. Privatization and State-Owned Enterprises. Springer Netherlands, 1989. http://dx.doi.org/10.1007/978-94-011-7429-9.

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Jenkins, Glenn P. Taxation and state-owned enterprises. Harvard Institute for International Development, 1986.

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Barbara, Grosh, and Mukandala Rwekaza Sympho, eds. State-owned enterprises in Africa. L. Rienner Publishers, 1994.

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Ghana. Divestiture Implementation Committee. Divestiture of state-owned enterprises. The Committee, 1995.

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Taghizadeh-Hesary, Farhad, Naoyuki Yoshino, Chul Ju Kim, and Kunmin Kim, eds. Reforming State-Owned Enterprises in Asia. Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-15-8574-6.

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Wu, Yingying. Reforming WTO Rules on State-Owned Enterprises. Springer Singapore, 2019. http://dx.doi.org/10.1007/978-981-13-3561-7.

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Vuylsteke, Charles. Techniques of privatization of state-owned enterprises. World Bank, 1988.

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Book chapters on the topic "State-owned enterprises"

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Trebilcock, Michael. "State-Owned Enterprises." In Encyclopedia of Law and Economics. Springer New York, 2019. http://dx.doi.org/10.1007/978-1-4614-7753-2_457.

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Trebilcock, Michael. "State-Owned Enterprises." In Encyclopedia of Law and Economics. Springer New York, 2016. http://dx.doi.org/10.1007/978-1-4614-7883-6_457-1.

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Bird, Malcolm G. "State-Owned Enterprises." In The Routledge Handbook of State-Owned Enterprises. Routledge, 2020. http://dx.doi.org/10.4324/9781351042543-3.

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Colli, Andrea, and Pasi Nevalainen. "State-owned enterprises." In The Routledge Companion to the Makers of Global Business. Routledge, 2019. http://dx.doi.org/10.4324/9781315277813-19.

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Kwong, Charles C. L. "State-owned enterprises." In The Chinese Economy and its Challenges. Routledge, 2019. http://dx.doi.org/10.4324/9781351051224-4.

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Trebilcock, Michael. "State-Owned Enterprises." In Encyclopedia of Law and Economics. Springer New York, 2021. http://dx.doi.org/10.1007/978-1-4614-7883-6_457-2.

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Darimont, Barbara. "State-Owned Enterprises." In Economic Policy of the People's Republic of China. Springer Fachmedien Wiesbaden, 2023. http://dx.doi.org/10.1007/978-3-658-38467-8_6.

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Hickey, Will. "Reforming State-Owned Enterprises." In The Sovereignty Game. Springer Singapore, 2020. http://dx.doi.org/10.1007/978-981-15-1888-1_5.

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Khoza, Reuel J., and Mohamed Adam. "Restructuring State-Owned Enterprises." In The Power of Governance. Palgrave Macmillan UK, 2007. http://dx.doi.org/10.1057/9780230288812_7.

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Gilauri, Nika. "Privatizing State-Owned Enterprises." In Practical Economics. Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-45769-7_6.

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Conference papers on the topic "State-owned enterprises"

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Zhang, Kexin. "An Analysis of Wage Gap Between Chinese State-owned Enterprises and Non-state-owned Enterprises." In 2017 3rd International Conference on Humanities and Social Science Research (ICHSSR 2017). Atlantis Press, 2017. http://dx.doi.org/10.2991/ichssr-17.2017.94.

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Boko, Fabrice, and YuanJian Qin. "Failure of State-Owned Enterprises in Benin." In 2011 International Conference on Management and Service Science (MASS 2011). IEEE, 2011. http://dx.doi.org/10.1109/icmss.2011.5998620.

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Huangfu, Gang, and Liqi Zhu. "Chinese consumers' perception of price fairness to state-owned and non-state-owned enterprises." In 2010 7th International Conference on Service Systems and Service Management (ICSSSM 2010). IEEE, 2010. http://dx.doi.org/10.1109/icsssm.2010.5530155.

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Zheng, Jiaming. "Reform of Mixed Ownership of State-owned Enterprises and Enterprise Value." In Proceedings of the 4th International Conference on Humanities Science, Management and Education Technology (HSMET 2019). Atlantis Press, 2019. http://dx.doi.org/10.2991/hsmet-19.2019.146.

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Chang, Xi, and Yiteng Hu. "The Study on Deleveraging of State-Owned Enterprises." In 2020 International Conference on Management, Economy and Law (ICMEL 2020). Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.201111.001.

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Cai, Rui, Lingsha Cai, and Meng Yang. "The research of viability of state-owned enterprises." In 2013 International Conference on Services Science and Services Information Technology. WIT Press, 2014. http://dx.doi.org/10.2495/sssit130091.

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Sinansari, Puti, Syarifa Hanoum, and Ilham Rinaldi. "Maturity Level Risk Management in State-Owned Enterprises." In 3rd International Conference on Business and Management of Technology (ICONBMT 2021). Atlantis Press, 2022. http://dx.doi.org/10.2991/aebmr.k.211226.045.

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Samuel, Christian, and Aries Heru Prasetyo. "Enterprise Risk Scorecard Application on Indonesian State-Owned Enterprises in Shipping Companies." In 3rd Asia Pacific Management Research Conference (APMRC 2019). Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200812.014.

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Hartono, Ulil, and Musdholifah Musdholifah. "Corporate Governance Quality Assessment Based on Internet: Study of state-owned enterprises and regional owned enterprises in Indonesia." In Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018). Atlantis Press, 2019. http://dx.doi.org/10.2991/icebef-18.2019.63.

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Xu, Yunfei, Xinsheng Zhang, Jianmin Wang, and Bingxin Zeng. "Systematic Development of Knowledge Management in State-owned Enterprises." In 2021 5th International Seminar on Education, Management and Social Sciences (ISEMSS 2021). Atlantis Press, 2021. http://dx.doi.org/10.2991/assehr.k.210806.154.

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Reports on the topic "State-owned enterprises"

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Kikeri, Sunita. Privatization of State-Owned Enterprises. Asian Development Bank, 2022. http://dx.doi.org/10.22617/brf220533.

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Ghosh, Madanmohan, and John Whalley. State-Owned Enterprises, Shirking and Trade Liberalization. National Bureau of Economic Research, 2000. http://dx.doi.org/10.3386/w7696.

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Bergsager, Henrik, and Anna Korppoo. China’s State-Owned Enterprises as Climate Policy Actors. Nordic Council of Ministers, 2013. http://dx.doi.org/10.6027/tn2013-527.

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Teresa, Ter-Minassian. State-Owned Enterprises and Fiscal Risks in Peru. Inter-American Development Bank, 2018. http://dx.doi.org/10.18235/0001022.

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Ginting, Edimon, and Kaukab Naqvi. Reforms, Opportunities, and Challenges for State-Owned Enterprises. Asian Development Bank, 2020. http://dx.doi.org/10.22617/tcs200201-2.

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6

Frank, Stephen. State-Owned Enterprises and Economic Reform in Vietnam. Defense Technical Information Center, 2013. http://dx.doi.org/10.21236/ada594023.

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7

Wagner, Rodrigo. Mechanism for Market Valuation of State-Owned Enterprises without Privatization. Inter-American Development Bank, 2017. http://dx.doi.org/10.18235/0000754.

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8

Ter-Minassian, Teresa. Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs) . Inter-American Development Bank, 2017. http://dx.doi.org/10.18235/0000872.

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Wagner, Rodrigo. Mechanism for Market Valuation of State-Owned Enterprises without Privatization. Inter-American Development Bank, 2017. http://dx.doi.org/10.18235/0007032.

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Abstract:
State-owned enterprises (SOEs), including state-owned banks, can be both systemically and politically important for many economies. While many of these firms have been privatized in recent decades, for various political or practical reasons many are likely to remain 100 percent state-owned, which prevents them from obtaining a market-based valuation. Having a market signal for the value of SOEs could be desirable because it could help: (i) inform the treasury of the net present value (NPV) of expected cash flows; (ii) impose some discipline on management; (iii) signal changes in capture by entrenched groups; and (iv) value discoveries and R&amp;D that are slow to show up in cash flows. This paper presents a novel mechanism to create a market value for SOEs that cannot have publicly traded equity. It is based on the idea that parties, potentially independent from the SOE, can trade contingent financial claims for the future cash flows that an SOE pays to the government. Technically, it is a set of Arrow-Debreu securities that can mimic the SOE’s cash flows. The document discusses various ways to implement this principle, as well as the potential challenges and some answers to these challenges. Preliminary calculations show that issuing claims equivalent to 5 to 10 percent of salient Latin American SOEs could be sizeable to get analyst coverage and liquidity, without compromising state ownership of assets and decisions.
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Moreno de Acevedo Sánchez, Enrique. State-owned Enterprise Management: Advantages of Centralized Models. Inter-American Development Bank, 2016. http://dx.doi.org/10.18235/0007966.

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This document analyzes the advantages and disadvantages of the different management models of state-owned enterprises (SOEs) in Latin America and the Caribbean. SOEs are important in the region. In many countries, they provide basic services to citizens, and their economic importance is relevant in terms of public finance. At the same time, SOEs confront political, financial, regulatory, and managerial problems, making them less efficient and transparent. In turn, governments should adopt management models to minimize these problems, while helping to ensure the quality of services and avoid the associated fiscal risks. This document argues that centralized models offer more advantages in correcting the current deficiencies of SOEs.
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