IDEAS home Printed from https://ideas.repec.org/p/oec/dafaae/5-en.html
   My bibliography  Save this paper

The Size and Composition of the SOE Sector in OECD Countries

Author

Listed:
  • Hans Christiansen

    (OECD)

Abstract

This working paper summarises the main findings of a data collection exercise documenting the size of the national state-owned enterprise (SOE) sectors in OECD countries (in terms of number, employment and economic value of enterprises), and provides a breakdown by main sectors and types of incorporation. The data is based on questionnaire responses from national governments, covering the years 2008 and 2009. Twenty-seven of the Organisation.s 34 member countries have contributed to date. Employment in SOEs across the OECD area exceeds 6 million people, and that the value of all SOEs combined is close to US$ 2 trillion. In addition to this, the State in many countries holds minority stakes in listed enterprises that are large enough to confer effective control. These enterprises employ a further 3 million people and are valued at close to US$ 1 trillion. Hence, while state ownership of enterprises has declined in recent decades, SOEs and similar entities continue to account for a significant part of the corporate economy in many countries. Following decades of privatisation, the remaining SOEs have a strong sectoral concentration. Around half (in value terms) of all SOEs in OECD countries are located in the network sectors, mostly transportation, power generation and other energy. A further fourth of total valuation is accounted for by financial institutions. In addition, among the partly state-owned listed companies there are many partly privatised telecommunications companies. In other words, not only do state-invested enterprises remain significant, they are also increasingly concentrated in a few ¡°strategic¡± sectors of great importance to the competitiveness of the rest of the business sector.

Suggested Citation

  • Hans Christiansen, 2011. "The Size and Composition of the SOE Sector in OECD Countries," OECD Corporate Governance Working Papers 5, OECD Publishing.
  • Handle: RePEc:oec:dafaae:5-en
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/5kg54cwps0s3-en
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maciej Bałtowski & Grzegorz Kwiatkowski, 2014. "Modele funkcjonowania i nadzoru państwa nad przedsiębiorstwami państwowymi," Gospodarka Narodowa, Warsaw School of Economics, issue 4, pages 5-26.
    2. Clò Stefano & Ferraris Matteo & Florio Massimo, 2015. "Public Enterprises in a Global Perspective in the Last Decade," L'industria, Società editrice il Mulino, issue 1, pages 111-138.
    3. Vasiliki Bazdekidu, 2015. "Corporate management in Greece in the context of debt crisis," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 91-105.
    4. Abramov, Alexander & Radygin, Alexander & Chernova, Maria, 2017. "State-owned enterprises in the Russian market: Ownership structure and their role in the economy," Russian Journal of Economics, Elsevier, vol. 3(1), pages 1-23.
    5. Luc Bernier & Massimo Florio & Johan Willner, 2016. "Rationales, performance and governance of public entreprises. Editorial introduction," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2016(3), pages 5-10.
    6. Chang, Winston W. & Chen, Fang-yueh, 2016. "Strategic managerial delegation and industrial policy competition in vertically-related markets," International Review of Economics & Finance, Elsevier, vol. 43(C), pages 429-442.
    7. Voszka, Éva, 2015. "Államosítás, privatizáció és gazdaságpolitika - a főirány széttöredezése
      [Nationalization and privatization - in the shadow of changing paradigms of economic policy]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 717-748.
    8. Roberto CARDINALE, 2017. "The Political-Economy Implications of the Transition from State-Owned to Mixed-Owned Enterprises: Evidence from the European Gas Sector," Departmental Working Papers 2017-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    9. Clò, Stefano & Fiorio, Carlo V. & Florio, Massimo, 2017. "The targets of state capitalism: evidence from M&A deals," European Journal of Political Economy, Elsevier, vol. 47(C), pages 61-74.
    10. Del Bo, Chiara D. & Ferraris, Matteo & Florio, Massimo, 2017. "Governments in the market for corporate control: Evidence from M&A deals involving state-owned enterprises," Journal of Comparative Economics, Elsevier, vol. 45(1), pages 89-109.
    11. Balázs Égert & Antoine Goujard, 2014. "Strengthening Competition in Poland," OECD Economics Department Working Papers 1125, OECD Publishing.
    12. Massimo Florio, 2014. "The return of public enterprise," Working Papers 201401, CSIL Centre for Industrial Studies.

    More about this item

    Keywords

    corporate governance; privatisation; state-owned enterprises;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:dafaae:5-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/caoecfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.