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Strategy, Independence, and Governance of State-Owned Enterprises in Asia

In: Reforming State-Owned Enterprises in Asia

Author

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  • Henrique Schneider

    (Nordkademie University of Applied Sciences
    Swiss Federation of Small and Medium Sized Enterprises)

Abstract

State-owned enterprises (SOEs)—refer to Sect. 1.2.1 below for a definition—are important, especially in an Asian context. According to Fortune Magazine’s (2018) 500 list, three out of the world’s top-10 largest companies by revenues were Chinese SOEs: State Grid (rank 2), Sinopec (rank 3), and China National Petroleum (rank 4). Depending on the degree of direct and indirect government support, the next five ranks contain at least a group of near-state enterprises—near-state meaning companies in which the state either is a minor shareholder or has an institutionalized stake: Royal Dutch Shell, Toyota Motor, Volkswagen, BP, and Exxon Mobil. This only leaves two of the world’s ten largest companies neither belonging to nor being backed by the state, Walmart (rank 1) and Berkshire Hathaway (rank 10).

Suggested Citation

  • Henrique Schneider, 2021. "Strategy, Independence, and Governance of State-Owned Enterprises in Asia," ADB Institute Series on Development Economics, in: Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Chul Ju Kim & Kunmin Kim (ed.), Reforming State-Owned Enterprises in Asia, chapter 0, pages 3-20, Springer.
    • Handle: RePEc:spr:adbchp:978-981-15-8574-6_1
    DOI: 10.1007/978-981-15-8574-6_1
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