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Foreign models and policies for state-owned enterprises

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  • 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
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    References listed on IDEAS

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    1. Vagliasindi, Maria, 2008. "Governance arrangements for state owned enterprises," Policy Research Working Paper Series 4542, The World Bank.
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    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.
    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.
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    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.

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    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

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