Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

Richmond, Christine; Benedek, Dóra; Čegar, Bobana; Dohlman, Peter; Hassine, Michelle; Jajko, Beata; Kopyrski, Piotr; Markevych, Maksym; Miniane, Jacques; Parodi, Francisco; Pula, Gábor; Roaf, James; Song, Min Kyu; Sviderskaya, Mariya; Turk, Rima; Weber, Sebastian

doi:10.5089/9781498315142.087

Cited by 27 publications

(20 citation statements)

References 33 publications

(42 reference statements)

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“…1 Prepared by C. Richmond and M. Paunovic. 2 This annex is based on Richmond et al (2019) and Benkovskis and Richmond (2019). The methodologies used in this analysis are described in Richmond et al (2019).…”

Section: During Summer 2018 Staff In the Imf's European Department Comentioning

confidence: 99%

“…It provides a snapshot of stated policies (self-assessed by country authorities) in place in 2018. See Richmond et al (2019), Annex 9 for further details. 8 This analysis follows the methodology of Hsieh and Klenow (2009).…”

Section: Soe Performancementioning

confidence: 99%

“…bubble is a NACE rev2 (2-digit) Bubble size is SOE value-added of the NACE rev2 (2-digit) sector. Sources: SBRA,Benkovskis and Richmond (2019),Richmond et al (2019), IMF staff calculations.…”

mentioning

confidence: 99%

“…Sources: National country authorities, IMF staff calculations,Richmond et al (2019) ©International Monetary Fund. Not for Redistribution…”

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confidence: 99%

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Republic of Serbia

2019

IMF Staff Country Reports

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Section: During Summer 2018 Staff In the Imf's European Department Comentioning

confidence: 99%

Section: Soe Performancementioning

confidence: 99%

mentioning

confidence: 99%

“…Sources: National country authorities, IMF staff calculations,Richmond et al (2019) ©International Monetary Fund. Not for Redistribution…”

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confidence: 99%

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Republic of Serbia

2019

IMF Staff Country Reports

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“…The financial ratio analysis shows that over 44,000 people are employed in state-owned enterprises (SOEs) that face high or very high financial risks (6 percent of total employment)" 5 . Figure 1 shows the added value in relation to employment in 2016 for state-owned enterprises for the countries of Central and Eastern Europe 6 . This paper determines the impact that the state-owned enterprise sector has on the economy of Bosnia and Herzegovina, such as: sector size, sector structure, financial indicators, labor markets.…”

Section: Introductionmentioning

confidence: 99%

Performance appraisal and supervision of state-owned enterprises in Bosnia and Herzegovina

Nikolić¹,

Marin²,

Šušić³

2020

J Process Man, New Technol

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Bosnia and Herzegovina has opted for a market economy, which implies the liberalization of prices and trade, as well as the existence of an applicable legal system, including real rights. In order for a market economy to function, it is necessary to ensure macroeconomic stability and consensus on economic policy. A developed financial sector and the absence of significant barriers to entry and exit strengthen the efficiency of the economy. By analyzing the database of financial statements of state-owned companies in Bosnia and Herzegovina, we conclude that they are mostly in poor financial condition. This paper analyzes the structure of the state-owned enterprise sector, and identifies individual enterprises that affect fiscal and macroeconomic performance. State-owned companies do not contribute enough to the growth and stability of the economy, the financial analysis showed. The framework for the management of state-owned enterprises has also been analyzed and we come to the conclusion that the entity and cantonal governments do not perform their ownership function in accordance with the WB / OECD guidelines. Quality governance reforms in state-owned enterprises are needed to encourage transparency and increase the quality of accountability. Achieving a higher level of quality in the state-owned enterprise sector can achieve an increase in total GDP of 3 percent annually.

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Evolution of Ownership Structure and Corporate Governance

Radygin

Abramov²

2023

The Contemporary Russian Economy

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Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

Cited by 27 publications

References 33 publications

Republic of Serbia

Republic of Serbia

Performance appraisal and supervision of state-owned enterprises in Bosnia and Herzegovina

Evolution of Ownership Structure and Corporate Governance

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