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The Business Performance of State Owned Enterprises in the EU Countries

In: Financije teorija i suvremena pitanja = Finance - theory and contemporary issues

Author

Listed:
  • Anto Bajo

    (University of Zagreb, Faculty of Economics and Business)

  • Lana Zuber

Abstract

A number of European countries have valuable financial assets that have the potential to generate revenue and reduce total government liabilities. The EU countries differ significantly by the amount of financial assets they hold in form of equities and shares in state-owned enterprises, as well as by the revenues they generate for their state budget. Croatia belongs to a group of countries with a high share of state-owned enterprises in their gross domestic product. Croatian public companies have accumulated significant losses during the past decade. They are scattered across almost all economic sectors and their contribution to budget revenues is extremely low, compared to the other post-transition countries such as Slovakia, Bulgaria or Poland.

Suggested Citation

  • Anto Bajo & Lana Zuber, 2018. "The Business Performance of State Owned Enterprises in the EU Countries," Occasional Publications, in: Financije teorija i suvremena pitanja = Finance - theory and contemporary issues, edition 1, volume 1, chapter 1, pages 3-20, Josip Juraj Strossmayer University of Osijek, Faculty of Economics.
    • Handle: RePEc:osi:chaptr:18-01
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    More about this item

    Keywords

    state-owned enterprises; financial asset; budget revenue;
    All these keywords.

    JEL classification:

    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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