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Contract plans and public enterprise performance

Author

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  • Nellis, John R.

Abstract

Roughly 100 public enterprises in developing countries are using contract plans - negotiated performance agreements between the government/owner and the enterprises'managers or directors. Contract plans have not improved the financial performance of public enterprises dramatically. The process is probably more important than the product. They do however, produce clearer goals, open a dialogue between management and the state, and offer such benefits as better accounting, auditing, and management information systems, including physical and financial performance indicators and performance targets. The problem is, they have been oversold. They are not the mechanism for healing a sick company. They work best with firms that operate commercially and already have decent management and sound reporting procedures.

Suggested Citation

  • Nellis, John R., 1988. "Contract plans and public enterprise performance," Policy Research Working Paper Series 118, The World Bank.
    • Handle: RePEc:wbk:wbrwps:118
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    Citations

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    Cited by:

    1. Andres, Luis Alberto & Guasch, Jose Luis & Azumendi, Sebastian Lopez, 2011. "Governance in state-owned enterprises revisited : the cases of water and electricity in Latin America and the Caribbean," Policy Research Working Paper Series 5747, The World Bank.
    2. Andrei Shleifer & Robert W. Vishny, 1994. "The Politics of Market Socialism," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 165-176, Spring.
    3. Dhanji, Farid & Milanovic, Branko, 1991. "Privatization in Eastern and Central Europe : objectives, constraints, and models of divestiture," Policy Research Working Paper Series 770, The World Bank.
    4. Kranton, Rachel E., 1990. "Pricing, cost recovery, and production efficiency in transport : a critique," Policy Research Working Paper Series 445, The World Bank.
    5. Galal,Ahmed, 1990. "Public enterprise reform : a challenge for the World Bank," Policy Research Working Paper Series 407, The World Bank.
    6. David HEALD, 1992. "How Much Privatization Should There Be In Developing Countries?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 63(2), pages 229-269, April.

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