Reforms, Opportunities, and Challenges for State-Owned Enterprises
Published on 1. July 2020
368 pages
978-92-9262-283-1 (ISBN)
Description
State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and growth. This book looks at SOEs in Azerbaijan, Indonesia, Kazakhstan, the People's Republic of China, and Viet Nam, which together present a panoramic view of SOEs in the region. It also presents insights from the Republic of Korea on the evolving role of the public sector in various stages of development. It explores corporate governance challenges and how governments could reform SOEs to make them efficient drivers of the long-term productivity-induced growth essential to Asia's transition to high-income status.
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Edimon Ginting | Kaukab Naqvi
Reforms, Opportunities, and Challenges for State-Owned Enterprises
Book
07/2020
Asian Development Bank
€83.50
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Content
- Cover
- Title
- Copyright
- Contents
- Tables, Figures, and Boxes
- Preface
- Acknowledgments
- Abbreviations
- Contributors
- 1. State-Owned Enterprises and Economic Development in Asia
- 1.1 Introduction
- 1.2 Definition and Origin of SOEs
- 1.3 Evolving Role of SOEs
- 1.4 Stylized Facts and Data Set
- 1.5 SOEs' Financial Performance and Objectives
- 1.6 Productivity and Efficiency Analysis
- 1.7 Return on Equity and Profitability
- 1.8 Quality of Output
- 1.9 Public Asset Management and Macroeconomic Risks
- 1.10 Reforming and Restructuring SOEs
- 1.11 Relevance of SOEs in Asia's Next Transition
- 1.12 Pathways to SOE Reform
- 1.13 Summing Up
- Appendix A1.1: Labor Productivity Decomposition and Shift-Share Analysis
- Appendix A1.2: Data Envelopment Analysis and Operational Efficiency
- References
- 2. State-Owned Enterprises in the Republic of Korea
- 2.1 Introduction
- 2.2 Definition and Classification of SOEs
- 2.3 Roles, Policies, and Reformation of SOEs in Economic Development
- 2.4 Contribution of SOEs to the Economy
- 2.5 Assessment of SOE Policies
- 2.6 Lessons from SOE Policies
- Appendix A2.1: Case Study - Pohang Iron and Steel Company
- References
- 3. Enhancing the Development Contribution of Indonesia's State-Owned Enterprises
- 3.1 Introduction
- 3.2 Overview of Indonesia's SOEs
- 3.3 SOEs and the Overall Economy
- 3.4 Financial Performance of SOEs
- 3.5 SOE-Related Revenues, Subsidies, Costs, and Risks
- 3.6 Recommendations
- 3.7 Conclusions
- References
- 4. Performance of State-Owned Enterprises in Kazakhstan
- 4.1 Background
- 4.2 The Role and Structure of SOEs
- 4.3 Performance of SOEs
- 4.4 Measuring the Efficiency of SOEs
- 4.5 Performance of Joint-Stock Companies
- 4.6 Macroeconomic Risks and Poor Performance of SOEs
- 4.7 Evaluation of Reforms
- 4.8 Conclusions and Way Forward
- References
- 5. State-Owned Enterprises in the People's Republic of China
- 5.1 Introduction
- 5.2 SOE Overview
- 5.3 Comparison of SOEs and Private Counterparts
- 5.4 Empirical Analysis of Efficiency and Productivity
- 5.5 Public Sector Management and Fiscal Risks
- 5.6 SOE Reforms
- 5.7 Evolution of the Corporate Governance Structure
- 5.8 Conclusions and Way Forward
- Appendix A5.1: SOE Efficiency and Various Channels
- Appendix A5.2: Case Study - Oil Industry Reforms
- References
- 6. State-Owned Enterprise Reforms in Azerbaijan
- 6.1 Introduction
- 6.2 Importance of SOEs in the Economy
- 6.3 SOEs' Contribution to GDP
- 6.4 Performance of SOEs by Sector
- 6.5 Fiscal Implications
- 6.6 Reforms to Improve SOE Performance
- 6.7 Possible Ways Forward
- Appendix A6.1: Financial Metrics and Key Performance Indicators for SOE Analysis
- Appendix A6.2: Policy Actions under the Improving Governance and Public-Sector Efficiency Program
- Bibliography
- 7. State-Owned Enterprises in Viet Nam
- 7.1 Introduction
- 7.2 Definitions
- 7.3 SOE Reform
- 7.4 Key Issues, Challenges, and Observations for Continuing Reform
- 7.5 Proposals for Continuing Reform
- Appendix A7.1: Case Study - Southern Waterborne Joint Stock General Corporation
- Appendix A7.2: Case Study - Construction Corporation No. 1
- Appendix A7.3: Definition of Equitization
- Appendix A7.4: 11 Key Sectors in which 100% State-Owned Enterprises Will Remain
- Appendix A7.5: Corporations to Be Transferred to the Commission for the Management of State Capital
- References
