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Corporate Governance Of State-Owned Enterprises: National Practices Of The Board

Author

Listed:
  • Spartak Keremidchiev

    (Economic Research Institute, Bulgarian Academy of Sciences)

  • Miroslav Nedelchev

    (Economic Research Institute, Bulgarian Academy of Sciences)

Abstract

The purpose of this article is to present good practices, experience and ideas related to the organization and functioning of the board of state-owned enterprises. Corporate governance practices are represented by three characteristics of the board: nomination, composition and remuneration. The results of the article reveal a wide variety of board practices in different countries. They are determined by the state ownership policy of the respective country. Various practices and experiences are presented, which can be included in a kind of menu for selecting appropriate tools to promote and strengthen the boards, and thus the corporate governance of state-owned enterprises in Bulgaria.

Suggested Citation

  • Spartak Keremidchiev & Miroslav Nedelchev, 2020. "Corporate Governance Of State-Owned Enterprises: National Practices Of The Board," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 8(2), pages 16-26.
    • Handle: RePEc:neo:epjour:v:8:y:2020:i:2:p:16-26
    DOI: 10.37708/ep.swu.v8i2.2
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    References listed on IDEAS

    as
    1. Ferrari,Aurora & Mare,Davide Salvatore & Skamnelos,Ilias, 2017. "State ownership of financial institutions in Europe and Central Asia," Policy Research Working Paper Series 8288, The World Bank.
    2. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, December.
    3. Ha-Joon Chang, 2007. "State-Owned Enterprise Reform," Policy Notes 4, United Nations, Department of Economics and Social Affairs.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    nomination; composition; remuneration;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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