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What determines the scale of state ownership in enterprises? Some evidence from post-socialist countries

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  • Matuszak Piotr

    (Poznań University of Economics and Business, Institute of Economics, Department of Macroeconomics and Development Studies, al. Niepodległości 10, 61-875Poznań, Poland)

Abstract

State-owned enterprises still play an important role in many countries around the world. The aim of this research is to indicate which factors had a significant impact on the scale of state ownership in enterprises in the group of twenty eight post-socialist countries. The large scale privatisation indicator from the EBRD and the novel microlevel-based SOE measure were regressed on sets of cultural, political, economic and control variables. The results show that cultural factors—represented by the dominant religion—had a substantial impact on the scale of state ownership in enterprises while the role of political and economic factors was less pronounced. These results emphasise the importance of cultural factors in shaping the scale of state ownership in enterprises. This study contributes to the literature by analysing factors influencing the scale of state ownership in enterprises in contemporary economic conditions which has been missing until now.

Suggested Citation

  • Matuszak Piotr, 2020. "What determines the scale of state ownership in enterprises? Some evidence from post-socialist countries," Economics and Business Review, Sciendo, vol. 6(4), pages 95-117, December.
    • Handle: RePEc:vrs:ecobur:v:6:y:2020:i:4:p:95-117:n:6
    DOI: 10.18559/ebr.2020.4.6
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    More about this item

    Keywords

    state-owned enterprises; state ownership; post-socialist countries; privatisation; transition;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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