IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y202061p3-14,15-25.html
   My bibliography  Save this article

Foreign models and policies for state-owned enterprises

Author

Listed:
  • Spartak Keremidchiev
  • Miroslav Nedelchev

Abstract

The article presents and analyzes various foreign models and policies for stateowned enterprises. The models of management of state-owned enterprises, the need for their existence and the types of state-owned enterprises are considered successively. The results of the article outline a wide range of national policies for state-owned enterprises. The main factors for their determination are a consequence of the historical development and the social commitments made for economic reforms. The existence of social goals of state ownership creates serious differences between corporate governance in the public and private sectors. The increased complexity in the management of state-owned enterprises stems from the combination of social and economic goals.

Suggested Citation

  • Spartak Keremidchiev & Miroslav Nedelchev, 2020. "Foreign models and policies for state-owned enterprises," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-14,15-25.
  • Handle: RePEc:bas:econth:y:2020:6:1:p:3-14,15-25
    as

    Download full text from publisher

    File URL: https://etj.iki.bas.bg/storage/app/uploads/public/629/9c0/086/6299c00864a78866143128.pdf
    Download Restriction: Fee access (Bulgarian)

    File URL: https://etj.iki.bas.bg/storage/app/uploads/public/62f/67e/980/62f67e98084b7698251341.pdf
    Download Restriction: Fee access (English)
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Vagliasindi, Maria, 2008. "Governance arrangements for state owned enterprises," Policy Research Working Paper Series 4542, The World Bank.
    2. repec:beo:journl:v:62:y:2018:i:216:p:63-84 is not listed on IDEAS
    3. Ana Aleksić Mirić & Miroslav Todorović & Nebojša Janićijević, 2018. "How Can The Efficiency Of Corporate Governance In Serbian State-Owned Enterprises Be Increased?," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 63(216), pages 63-84, January –.
    4. Soyeon Kim & Hyun-Han Shin & Seungwon Yu, 2019. "Performance of State-Owned Enterprises During Public Elections: The Case of Korea," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(1), pages 78-89, January.
    5. Przemyslaw Kowalski & Max Büge & Monika Sztajerowska & Matias Egeland, 2013. "State-Owned Enterprises: Trade Effects and Policy Implications," OECD Trade Policy Papers 147, OECD Publishing.
    6. Hans Christiansen, 2013. "Balancing Commercial and Non-Commercial Priorities of State-Owned Enterprises," OECD Corporate Governance Working Papers 6, OECD Publishing.
    7. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629.
    8. World Bank, 2012. "World Development Report 2012 [Rapport sur le développement dans le monde 2012]," World Bank Publications - Books, The World Bank Group, number 4391, December.
    9. Robert Millward, 2011. "Public Enterprise In The Modern Western World: An Historical Analysis," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 82(4), pages 375-398, December.
    10. World Bank, 2012. "World Development Report 2013 [Rapport sur le développement dans le monde 2013]," World Bank Publications - Books, The World Bank Group, number 11843, December.
    11. World Bank, 2012. "Global Financial Development Report 2013 : Rethinking the Role of the State in Finance," World Bank Publications - Books, The World Bank Group, number 11848, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. KEREMIDCHIEV Spartak & NEDELCHEV Miroslav, 2022. "The State As A Driver For Good Corporate Governance Of State-Owned Enterprises," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(3), pages 113-131, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ugo Panizza, 2023. "State-owned commercial banks," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 26(1), pages 44-66, January.
    2. Nyborg, Kjell G., 2017. "Reprint of: Central bank collateral frameworks," Journal of Banking & Finance, Elsevier, vol. 83(C), pages 232-248.
    3. Anuli Regina Ogbuagu & Dennis Brown Ewubare, 2015. "Financial Integration, Exchange Rate Stability and Macroeconomic Variables in Nigeria: ¡°A Structural Impact¡±," Research in World Economy, Research in World Economy, Sciedu Press, vol. 6(3), pages 36-54, September.
    4. Denis Davydov, 2018. "Does State Ownership of Banks Matter?," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 17(2), pages 250-285, August.
    5. Sharma, Rajesh & Sinha, Avik & Kautish, Pradeep, 2021. "Does financial development reinforce environmental footprints? Evidence from emerging Asian countries," MPRA Paper 108161, University Library of Munich, Germany, revised 2021.
    6. Indermit S Gill & Naotaka Sugawara & Juan Zalduendo, 2014. "The Center Still Holds: Financial Integration in the Euro Area," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(3), pages 351-375, September.
    7. Sharma, Rajesh & Sinha, Avik & Kautish, Pradeep, 2021. "Do economic endeavors complement sustainability goals in the emerging economies of South and Southeast Asia?," MPRA Paper 108163, University Library of Munich, Germany, revised 2021.
    8. Albaity, Mohamed & Noman, Abu Hanifa Md. & Saadaoui Mallek, Ray & Al-Shboul, Mohammad, 2022. "Cyclicality of bank credit growth: Conventional vs Islamic banks in the GCC," Economic Systems, Elsevier, vol. 46(1).
    9. Aysan, Ahmet F. & Ozturk, Huseyin, 2018. "Does Islamic banking offer a natural hedge for business cycles? Evidence from a dual banking system," Journal of Financial Stability, Elsevier, vol. 36(C), pages 22-38.
    10. Thorsten Beck & Haki Pamuk & Burak R. Uras, 2017. "Entrepreneurial Saving Practices and Reinvestment: Theory and Evidence," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 1205-1228, November.
    11. Marcelo Madureira Prates, 2013. "Why Prudential Regulation Will Fail to Prevent Financial Crises. A Legal Approach," Working Papers Series 335, Central Bank of Brazil, Research Department.
    12. Király, Júlia, 2016. "A magyar bankrendszer tulajdonosi struktúrájának átalakulása [Transformation of the ownership structure of the Hungarian banking system]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 725-761.
    13. Victor Gorshkov, 2019. "The State in Russia's Banking Sector," KIER Working Papers 1015, Kyoto University, Institute of Economic Research.
    14. Ahmet F. Aysan & Mustafa Disli & Huseyin Ozturk, 2018. "Bank lending channel in a dual banking system: Why are Islamic banks so responsive?," The World Economy, Wiley Blackwell, vol. 41(3), pages 674-698, March.
    15. Bertay,Ata Can & Calice,Pietro & Diaz Kalan,Federico Alfonso & Masetti,Oliver, 2020. "Recent Trends in Bank Privatization," Policy Research Working Paper Series 9318, The World Bank.
    16. Dyna Heng, 2015. "Impact of the New Financial Services Law in Bolivia on Financial Stability and Inclusion," IMF Working Papers 2015/267, International Monetary Fund.
    17. Gereben, Áron & Rop, Anton & Petriček, Matic & Winkler, Adalbert, 2019. "The impact of international financial institutions on small and medium enterprises: The case of EIB lending in Central and Eastern Europe," EIB Working Papers 2019/09, European Investment Bank (EIB).
    18. Thomas Marois, 2014. "Historical Precedents, Contemporary Manifestations," Review of Radical Political Economics, Union for Radical Political Economics, vol. 46(3), pages 308-330, September.
    19. Adegboro, Opeyemi Oluwole & Orekoya, Samuel & Adekunle, Wasiu, 2019. "An Assessment of the Stability and Diversity of the Nigerian Financial Service Sector," MPRA Paper 100995, University Library of Munich, Germany.
    20. Nicholas S. Coleman & Leo Feler, 2014. "Bank Ownership, Lending, and Local Economic Performance During the 2008-2010 Financial Crisis," International Finance Discussion Papers 1099, Board of Governors of the Federal Reserve System (U.S.).

    More about this item

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2020:6:1:p:3-14,15-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.