Journal articles: 'State owned business'

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Carpenter, Craig Wesley, and Scott Loveridge. "Business, Owner, and Regional Characteristics in Latino-owned Business Growth: An Empirical Analysis Using Confidential Census Microdata." International Regional Science Review 43, no. 3 (February 12, 2019): 254–85. http://dx.doi.org/10.1177/0160017619826278.

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This article uses over 100,000 observations from limited-access and nationally representative US Census Bureau microdata sets to test determinants of employment growth among Latino-owned businesses (LOBs) in the Unites States. We draw variables from prior studies on determinants business growth in the general population and uniquely apply them to LOB using the robust data. Specifically, we examine the impact of numerous business owner, business, and regional characteristics on employment growth. We include industry and state-level fixed effects and test the robustness of results to various employment growth timespans. Some findings include (1) Latina-owned businesses grow faster than LOB, (2) formal education has a positive effect on employment growth and this effect is larger with education level and time, (3) Puerto Rican-owned businesses grow 2 percent slower than Mexican-owned establishments, (4) having multiple establishments reduces employment growth, (5) relying on personal savings for start-up capital impedes growth, and (6) nonmetro adjacency has a significant and negative effect, while population density does not. Our findings show that LOB may grow differently than other businesses and help advance the understanding of factors related to success of LOB. Implementing straightforward and low-cost policies aimed at better support for LOB could help bolster regional growth.

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Arnoldi, Jakob, Anders Ryom Villadsen, Xin Chen, and Chaohong Na. "Multi-Level State Capitalism: Chinese State-Owned Business Groups – CORRIGENDUM." Management and Organization Review 15, no. 1 (January 31, 2019): 213. http://dx.doi.org/10.1017/mor.2019.1.

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Anita, Boros. "Compliance Audit Issues of State-owned Business Associations." Pénzügyi Szemle = Public Finance Quarterly 64, no. 4 (2019): 542–58. http://dx.doi.org/10.35551/pfq_2019_4_6.

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Alon, Ilan, Hua Wang, Jun Shen, and Wenxian Zhang. "Chinese state-owned enterprises go global." Journal of Business Strategy 35, no. 6 (November 17, 2014): 3–18. http://dx.doi.org/10.1108/jbs-12-2013-0118.

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Purpose – The aim of this research is to examine the Chinese outward direct investment (ODI) from the perspectives of the Chinese state-owned enterprises (SOEs), focusing on their perceptions and important factors in the decision-making process. More specifically, it aims to understand where and why Chinese SOEs are investing. Increasingly integrated into the global economy, China has already become one of the largest investment economies in the world. Design/methodology/approach – Conducted by the China Center at Rollins College in collaboration with the Kedge Business School and the China Executive Leadership Academy at Pudong, survey data are collected from 63 Chinese SOEs that reflect the structure of Chinese industry and the membership of the China Council for the Promotion of International trade. Findings – Chinese SOEs have aligned their business expansion plans with the national priority, and played a dominant role in the current internationalization drive. They will likely increase their overseas investment substantially in both short and medium terms; their key business efforts include resource extraction, trading, services and manufacturing. Whereas Chinese ODIs tend to focus on the emerging economies in Asia, Africa and Latin America, more investments begin to take place in various developed countries, and many Chinese SOEs plan to increase their ODI in the USA, regarded as the most important market for overseas investment. Originality/value – This research contributes to a better understanding on the growing ODIs by the Chinese SOEs since the launch of the “going global” policy.

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Tran, Dong Mai, Wayne Fallon, and Margaret H. Vickers. "Leadership in Vietnamese state owned enterprises (SOEs)." Asia-Pacific Journal of Business Administration 8, no. 1 (April 4, 2016): 21–36. http://dx.doi.org/10.1108/apjba-10-2014-0116.

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Purpose – The purpose of this paper is to explore multiple stakeholders’ perceptions of leadership in Vietnamese state-owned enterprises (SOEs). Design/methodology/approach – The paper presents findings from semi-structured interviews that were conducted in Vietnam, with seven different stakeholders who had varying understandings of Vietnamese business leadership within the Vietnamese business context. All interviews were transcribed, then translated into English, and thematic analysis of the interview data undertaken. Findings – The paper suggests that there was a significant variation in Vietnamese leadership perceptions when compared to Western leadership practices, especially when considering the perceptions of those stakeholders with regard to business leadership in the Vietnamese collectivist cultural context. The themes presented include: SOE decision making and responsibility; SOE promotions and appointments; and SOE performance. Research limitations/implications – In the absence of studies of leadership in Vietnamese SOEs, and leadership studies in the Vietnamese culture in general, this research was deliberately exploratory and qualitative. Future mixed methods or quantitative studies are recommended to offer more generalizable conclusions. Practical implications – Implications are discussed that point to leadership changes in Vietnamese organizations, and at the individual level, to assist the Vietnamese government, SOEs, and future leaders. Recommendations are also made that are intended to assist foreign business investors and multinational companies operating in Vietnam, now and in the future, to improve their leadership capacity within this context. Social implications – Vietnam is a country in social and economic transition. Understanding the leadership practices and perceptions, especially how that might differ from leadership in Western nations, is critical for the success of organizations in Vietnam and, in turn, for the economic and social prosperity of the Vietnamese people. Originality/value – The paper contributes perceptions of business leadership in Vietnamese SOEs that have not previously been explored and should be, especially given this critical time of economic and social transition for the Vietnamese nation and economy.

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Arnoldi, Jakob, Anders Ryom Villadsen, Xin Chen, and Chaohong Na. "Multi-Level State Capitalism: Chinese State-Owned Buisness Groups." Management and Organization Review 15, no. 1 (November 22, 2018): 55–79. http://dx.doi.org/10.1017/mor.2018.36.

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ABSTRACTWe argue that vertical interlocks in Chinese state-owned business groups are important mechanisms for coordination and information exchange between the apex firm and affiliated firms, and that they are also mechanisms for government owners of the business groups to exercise control. By combining resource dependence theory with elements from transaction cost economics and agency theory, we propose that the need for interlocks increases the higher the level of government ownership. The central government is therefore more likely to use vertical interlocks than the provincial governments, which again are more likely to use vertical interlocks than the municipal governments. We develop three hypotheses based on these arguments. A regression analysis of a hand-collected data set finds strong support for our hypotheses. Our results shed light on coordination and governance issues within the state-owned sector in China and on an important means for mitigating these issues used by the government owners and firms affiliated with state-owned groups.

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Hastuti, Tri, Yos Johan Utama, M. Mashari, and H. Hersugondo. "Outsourcing Practices in State-Owned Enterprises: Evidence From Indonesia." Research in World Economy 11, no. 3 (June 18, 2020): 224. http://dx.doi.org/10.5430/rwe.v11n3p224.

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This study is subject to find the factors that cause the inability of the Government in determining the type of work in the job chartering (outsourcing) by the Business Sector Association to create a flow of work activities. The authority of the Business Sector Association in making the flow of activities that determine itself the type of core work (core business) and supporting work (non-core business) when violations occur so it needs to be limited by the Government through agencies that are experts in their fields. This research method used a socio legal approach since it involved a reciprocal relationship between law and related social institutions. This research is considered as a descriptive study that described the object studied in several companies of State-Owned Enterprises (SOEs) that applied outsourcing practices in the city of Semarang. The results of the study found that the practice of outsourcing in the city of Semarang has identified several violations namely the existence of the Business Sector Association in determining the type of core work (core business) to be a supporting work (non-core business) so that it violated Article 65 paragraph (3) of Law Number 13 Year 2003 concerning The Employment. The inability of the Government in outsourcing practices is dominated by corporate strategy factors through the Business Sector Association in making the flow of activities that should use the outsourcing system for types of supporting work (non core business) to become core work (core business) by using outsourcing and supporting systems (non core business) by the Business Sector Association in creating the flow of activities to determine for themselves the type of core work (core business) so that there would be an efficiency and optimization of the core business activities of a company.

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Harrington, J. W., and D. J. Barnas. "Foreign-Owned Firms and Regional—Functional Specialization." Environment and Planning A: Economy and Space 20, no. 7 (July 1988): 937–52. http://dx.doi.org/10.1068/a200937.

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It is hypothesized that the subnational, interregional location of foreign direct investment is influenced by the country of origin, the industry, and the specific functions of the investment. The authors studied these characteristics of 1163 foreign-owned business establishments in New York State, comparing them with the location, industry specialization, and occupational structure of five regions of New York State. Foreign-owned businesses take full part in the spatial division of activities across the state. Indeed, in some cases the special needs of foreign-owned business have led the specialization of regions' industry and activity mixes. Where a region's sectoral or activity mix is not greatly reinforced by the foreign-owned activities in the region, it is usually because of the intervening effects of source-country specialization or source-country locational proclivity.

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Ip, Po-Keung. "Business ethics and a state-owned enterprise in China." Business Ethics: A European Review 12, no. 1 (January 2003): 64–77. http://dx.doi.org/10.1111/1467-8608.00306.

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Rohayati, Yeti, and Kurhayadi Kurhayadi. "PUBLIC POLICY INNOVATION IN DEVELOPING STATE OWNED BUSINESS AGENCIES." Indonesian Journal of Social Research (IJSR) 3, no. 2 (August 5, 2021): 105–20. http://dx.doi.org/10.30997/ijsr.v3i2.88.

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State-owned Enterprise (BUMN), as one of the pillars of the Indonesian economy, is guided by the outline of the 1945 contusion and the existence of private entities and cooperatives. In principle, the state's involvement in these activities reflects the substance of article 33 of the amendment of the 1945 constitution. One of the missions of BUMN is to serve by innovating. Public policy innovating is a necessity that must be done to overcome problems that exist in society. From the point of view of public policy studies and public services, it can be seen that the government has developed several SOE development strategies that lead the country to face charges in the organizational environment and also to reduce the negative label attached to the bureaucracy. One of the goals of public policy innovation is to improve the quality of public services. The obstacle faced in public policy innovation is that there is no comprehensive study on the development and sustainability of policy innovation in public services in Indonesia

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Hadiyantina, Shinta, and Nandaru Ramadhan. "State Regulation on Business Entities Owned by State Universities: Losses and Liability." Brawijaya Law Journal 6, no. 2 (October 31, 2019): 234–54. http://dx.doi.org/10.21776/ub.blj.2019.006.02.08.

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Xie, En, and K. S. Redding. "State-owned enterprises in the contemporary global business scenario: introduction." International Journal of Public Sector Management 31, no. 2 (March 5, 2018): 98–112. http://dx.doi.org/10.1108/ijpsm-01-2018-0015.

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Purpose The purpose of this paper is to introduce the special issue on state-owned enterprises (SOEs) in the contemporary global business scenario. Against the theoretical background of and the invited themes for the special issue, the paper presents a summary of key findings and practical implications of the accepted papers and suggests future research directions. Design/methodology/approach The paper is conceptual, which organized through utilitarianism or legitimism; SOEs scenario 1 – hungry fox, hunting bears; SOEs scenario 2 – dancing elephant, flying bears; what do we know and what we wish to explore; what have been examined; what we need to study further; closing note by bears’ well-wishers; and protocol of the special issue. Findings By deeply looking into emerging economies (China, India), developed economies (Denmark, Italy, Sweden), transition economies (Tunisia) and diverse sectors (public transport, space), coupled with cross-country sample data, the nine accepted papers have discussed several interesting findings and recommended numerous implications for the policymakers and SOEs’ managers. Drawing upon the interdisciplinary literature, empirical and qualitative papers would deepen the understanding of the growth strategies and performance of SOEs, and the application of management theories such as institutional theory, agency theory, social exchange theory, managerial grid theory, incomplete contracts theory and public governance view, among others. The issue also brings a review-cum-citation analysis paper on the impact of privatization on the performance of SOEs. Originality/value The papers have made unique contributions to the public economics, new public management, international business and organizational development literature by critically analyzing the burgeoning phenomenon of the changing dynamics and globalization of SOEs.

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Ezimma, K. Nnabuife,, Okoli, Ifeanyi Emmanuel, Moneme, Chigozie Patrick, and Ewah-Bassey Evelyn. "Family Owned Business in Anambra State; Issues, Problems and Prospect." Asian Journal of Economics, Business and Accounting 9, no. 1 (November 24, 2018): 1–10. http://dx.doi.org/10.9734/ajeba/2018/44817.

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Rahmat Saleh Harahap. "Relationship between the effectiveness of Good Corporate Governance (GCG) policies with the occurrence of corruption cases in the State-Owned Enterprises environment." Journal of Sosial Science 1, no. 3 (July 26, 2020): 78–82. http://dx.doi.org/10.46799/jsss.v1i3.34.

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In the economic system, the role of State-Owned Enterprises is as an implementer of public services, distribution of resources that control the lives of many people, as pioneers/pioneers in the business sector that are not yet desirable by the private sector and as a source of state revenue. This role can be realized if the State-Owned Enterprise in its objectives can implement the principles of Good Corporate Governance (GCG) well. But in reality, it is often difficult to face challenges faced by State-Owned Enterprises managers in implementing good governance. The intervention of State-Owned Enterprises business management with a political-bureaucratic approach that is no different from other government agencies. And at worst there are still a series of corruption cases carried out by the leadership of State-Owned Enterprises to seek personal gain. This is certainly a contradiction with State-Owned Enterprise's governance which is always published. Existing GCG implementation policies are deemed ineffective because they are not adhered to. This illustrates that business governance in ` State-Owned Enterprises itself has not been going well. Improvement in the application of good corporate governance (GCG) must be carried out immediately and the improvement of the GCG ecosystem of the State-Owned Enterprise itself must receive the attention of the government. Synergy is needed with the government's commitment to forcing State-Owned Enterprises to implement GCG in a transparent and accountable manner, with a high level of professionalism and effectiveness. Keywords: Good Corporate Governance State-Owned Enterprises Government Implementation

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NGUYỄN THỊ, CÀNH. "Comparing the Business Performance of the State-Owned Enterprises and Others." Journal of Asian Business and Economic Studies 216 (April 1, 2013): 25–40. http://dx.doi.org/10.24311/jabes/2013.216.06.

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The paper examines the socioeconomic and financial efficiency to evaluate the business performance of state-owned enterprises in comparison with that of others (private enterprises and FDI ones). Accordingly, it aims to determine the role and position of economic sectors and business types, especially state-owned ones, based on their contribution to the GDP growth rate and the business performance. Analyses shed light on strengths and weaknesses of each sector and enable to extend some solutions to the restructuring of state-owned enterprises and improvement in their business performance. The research data is secondary, which is collated from Vietnam?s Statistical Yearbooks from 2000 to 2012 and the annual corporate surveys of GSO in the period 2006 ? 2009. The descriptive and comparative statistical methods are employed to describe and compare figures of socioeconomic and financial efficiency.

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Cuong Pham, Duc, and Thi Xuan Hong Nguyen. "The influence of privatization on financial performance of Vietnamese privatized state-owned enterprises." Investment Management and Financial Innovations 16, no. 3 (October 9, 2019): 341–52. http://dx.doi.org/10.21511/imfi.16(3).2019.30.

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This research evaluates the differences in financial performance of enterprises before and after privatization aiming to find out the influence of privatization on the enterprises’ performance. The study is based on the audited financial statements of 105 Vietnamese privatized enterprises privatized in the period from 2005 to 2016. Applying the Wilcoxon signed-rank test, the obtained results prove that after privatization profitability and outputs of investigated firms are significantly higher than prior privatization. However, there is no significant change of leverage. Applying a regression model to evaluate the factors affecting financial performance of firms in the research model, it was found out that the proportion of state ownership, economic growth, operating period, enterprise`s size, and business risk have positive influence on the financial performance of research firms. However, the leverage of these firms has a negative impact on the financial performance. In accordance with the obtained results, this study suggests that the privatization process should be continued regardless of firm size or business type. The government should create fair competition environment, remove incentives and supports for State-Owned Enterprises (SOEs), manage changes in privatized firms, and enforce the legal system.

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Nana Yaw Simpson, Samuel. "Boards and governance of state-owned enterprises." Corporate Governance 14, no. 2 (April 1, 2014): 238–51. http://dx.doi.org/10.1108/cg-08-2012-0063.

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Purpose – This study aims to examine the structure, attributes, and performance of boards of directors of state-owned enterprises (SOEs) within the broader context of public sector governance. This is informed by the less attention given to the concept among public sector organizations despite efforts to make state enterprises more effective and efficient, especially in developing and middle income countries. Design/methodology/approach – Data was collected through questionnaires self-administered in 2010 to all 25 SOEs in Accra, Ghana, out of the 29 nationwide. Some key officials were interviewed and documentary evidence analyzed to achieve triangulation of data and results. Findings – Results show that state-owned enterprises have boards and comply with the minimal governance issues outlined the legal frameworks establishing them. However, they exhibit significant weaknesses in the areas of board performance evaluation, criteria for board appointment, the balance of executive directors and non-executive directors, and other board characteristics, indicating a departure from general practices. Practical implications – Findings suggest the need for a tailored corporate governance framework or code for state-owned enterprises in developing countries. Originality/value – Compared to the literature, this study provides insight on boards from the perspective of state enterprises in ensuring good corporate governance, particularly in the context of a middle income country (Ghana).

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Ramamurti, Ravi. "Leadership Styles in State-owned Enterprises." Journal of General Management 13, no. 2 (December 1987): 44–55. http://dx.doi.org/10.1177/030630708701300203.

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Šunje, Aziz, and Dženan Kulović. "THE NECESSITY OF BUSINESS RESTRUCTURING OF STATE-OWNED AND PUBLIC ENTERPRISES IN BOSNIA AND HERZEGOVINA." ЗБОРНИК РАДОВА ЕКОНОМСКОГ ФАКУЛТЕТА У ИСТОЧНОМ САРАЈЕВУ 1, no. 18 (October 8, 2019): 29. http://dx.doi.org/10.7251/zrefis1918029s.

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The restructuring of state-owned and public enterprises has attracted the attention of numerous researchers in the transition and post-transition period. The goal of restructuring as a business philosophy is to change and establish a new business philosophy, a new way of thinking. The correct interpretation of this term goes beyond its narrow and misleading translation, which equates to restructuring with a measure of change in structure. This paper examines the situation with the state-owned enterprises in Bosnia and Herzegovina. Although Bosnia and Herzegovina is characterized by the presence of two completely separate systems of corporate governance (corporate governance is regulated at an entity level without any common grounds at the level of Bosnia and Herzegovina), the symptoms of the situation are identical in both entities: state enterprises are commercially inefficient in both entities, and the reasons for their inefficiency are identical. The paper attempts to identify the symptoms and causes of such a state with a set of recommendations for the restructuring of state-owned enterprises, with clear definitions that, considering the trend of expansion of state-owned enterprises in highly developed countries, state-owned enterprises are needed here. It turns out that the privatized companies do not take into account the state interest. Following the logic of the OECD Guideline No. 2 (Ownership of State), first, it is considered how the state should manage the state-owned companies, and then by following the logic of the OECD Guideline no. 6 (Responsibilities of Committee) the complete corporation of state-owned enterprises is advocated in the way that state-owned enterprises have all the prerogatives of corruption, and are sufficiently distanced from political parties in power. Such an approach will significantly contribute to the improvement of corporate governance rating in Bosnia and Herzegovina that shows the atrophy of the system.

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Marimuthu, Ferina. "Government assistance to state-owned enterprises: a hindrance to financial performance." Investment Management and Financial Innovations 17, no. 2 (May 15, 2020): 40–50. http://dx.doi.org/10.21511/imfi.17(2).2020.04.

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This study aimed to examine whether government financial assistance influences the financial performance of state-owned enterprises. Commercial state-owned enterprises in South Africa that are listed under the Public Financial Management Act during the post-apartheid era from 1995 to 2017 were sampled. Government guarantees were measured as a dummy variable, while financial performance was measured by accounting measure: return on assets (ROA). Endogeneity issues were addressed, and data analysis was performed on an unbalanced panel using the two-step system GMM. The empirical evidence indicated that support by the government in the form of guarantees and subsidies has a significant negative effect on the financial performance of state-owned enterprises. This is an indication that continued government bailouts to poor performing state-owned enterprises exacerbates their poor financial performance and encourages these enterprises to become too reliant on government assistance, burdening the national fiscus. AcknowledgmentsThe author gratefully acknowledges the National Research Foundation of South Africa for the research grant and Dr Farai Kwenda for his supervision during the study.

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Boghdady, Ahmed B. A. "Accrual and real earnings management in both state-owned and privately-owned Egyptian companies." Corporate Ownership and Control 17, no. 1 (2019): 8–13. http://dx.doi.org/10.22495/cocv17i1art1.

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This study aims to explore the difference between the level of both types of earnings management; Accrual Earnings Management (AEM) and Real Activity Earnings Management (REM)) between state and privately owned Egyptian companies. Using a sample of non-financial state and privately owned companies over the period from 2010 to 2017, with 1030 firm–year observations. The results reveal that there are no significant differences in the level of both AEM and REM using the two proxies; sales manipulation and discretionary expenses; between state and privately owned firms. This result could be attributed to the Egyptian government’s attempt to eliminate the differences between state-owned and private owned companies, especially in recent years.

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Doshi, Kokila. "Privatization of state-owned enterprises in mexico." International Journal of Public Administration 23, no. 5-8 (January 2000): 667–76. http://dx.doi.org/10.1080/01900690008525480.

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Plūmiņš, Māris, and Deniss Ščeulovs. "Development of State-Owned Enterprises of Transport Industry in Latvia." Economics and Business 29, no. 1 (August 1, 2016): 65–75. http://dx.doi.org/10.1515/eb-2016-0023.

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Abstract The transport infrastructure and state-owned enterprises (SOEs) have a significant effect on competitiveness of transport industry, and indirectly determine the business environment in related sectors. In Latvia, all transport related state strategies and policies are developed, controlled and overviewed by the Ministry of Transport. Eleven companies are engaged in commercial/non-commercial activities, and evaluated whether the liberalization of certain activities would provide efficiency among SOEs in the transport industry of Latvia, given the sectoral weight and share of State involvement and control of the industry. There is limited and contradictory debate to what extent the Latvian state should involve in business activities of transport industry, and how to balance the multiple interests and targets of business, society and politics. The present research is based on the scientific papers, official documents of the World Bank and OECD (Organisation of Economic Cooperation and Development), company websites and annual reports.

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Miettinen, Marika, and Mervi Niskanen. "Lender evaluations of start-up business prospects." Managerial Finance 41, no. 1 (January 12, 2015): 102–20. http://dx.doi.org/10.1108/mf-10-2013-0284.

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Purpose – The purpose of this paper is to investigate lender evaluations of start-up success in a sample of Finnish firms that are customers of a state-owned financial institution. The database allows the authors to examine how qualitative information, based on the personal history, firm-specific characteristics, subjective credit-analyst evaluations of business prospects, and market position impact firm performance. Design/methodology/approach – The data for this study was collected in 2003 and 2005 from the database of Finnvera, a state-owned financial institution. The authors employed logistic regression in the analyses, using t-test analyses to describe the sample before developing the different models. Findings – The results suggest that the lenders’ evaluations of the business prospects at the start are suitable predictors of good performance. However, the determinants of the actual firm performance (at t5) and business prospects (at t0) are, to some extent, different. The results confirm previous findings indicating that humans display fallibility because they have a tendency to overestimate less relevant cues and, conversely, underestimate the more relevant ones. Research limitations/implications – The study data includes only the customers of a state-owned financial institution; therefore, the results cannot be generalized across other financiers. Another constraint relates to the pre-selection bias, since this data excludes information on loan applicants who were rejected, which was not recorded in the lender’s files. Practical implications – The findings of this study provide lenders (especially state-owned financiers), policy makers, and entrepreneurs with clearer guidance regarding the important aspects of a firm’s period of establishment. For lenders, this may provide a step toward improving the quality of judgments. Originality/value – This paper is one of the few that sheds light on lender evaluations using non-accounting variables in order to examine their ability to predict firm performance, not failure, and to compare it with lenders’ evaluation. Another original contribution is that the data consists of the customers of a state-owned financial institution.

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Zhong, Tingyong, Fangcheng Sun, Haiyan Zhou, and Jeoung Yul Lee. "Business Strategy, State-Owned Equity and Cost Stickiness: Evidence from Chinese Firms." Sustainability 12, no. 5 (March 1, 2020): 1850. http://dx.doi.org/10.3390/su12051850.

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This paper investigates the relationship between business strategy and cost stickiness under different ownership. Using the data from listed firms in China from 2002 to 2015, we find that first, firms with different strategies exhibit different cost behavior. The cost stickiness of choosing a differentiation strategy is higher than that of choosing a low-cost strategy. Second, management expectations will affect cost stickiness. Optimistic expectations will increase cost stickiness, while pessimistic expectations will reduce cost stickiness. Third, management expectations can adjust the relationship between business strategy and cost stickiness in terms of government-created advantages (GCAs). If management expectations tend to be optimistic, the cost stickiness is higher with a differentiation strategy than with a low-cost strategy. If management expectations tend to be pessimistic, then cost stickiness is higher with a low-cost strategy than with a differentiation strategy. Finally, the state-owned equity affects the extent of the effect of a differentiation strategy on cost stickiness. State-owned firms, which receive more GCAs than non-state-owned firms, have stronger cost stickiness than non-state-owned firms, even if both categories of firms use more differentiation strategy.

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Jin, Yong, and Hai Long Lu. "Analysis on Modern Datacenter Planning in Chinese Traditional State-Owned Enterprises." Applied Mechanics and Materials 635-637 (September 2014): 1512–16. http://dx.doi.org/10.4028/www.scientific.net/amm.635-637.1512.

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Datacenter has evolved to become more business-relevant, dealing with the increasing business data from different systems. Chinese traditional state-owned enterprises, large and small, are in a fast paced competitive market right now, regardless of industry. Determining how to make effective use of the existing huge business data has become a common problem to them. This paper gives typical modern datacenter architecture in a Chinese tobacco industry enterprise, and summarizes the critical factors of the planning of modern datacenter both in management and technical aspects to provide those, especially some similar Chinese traditional state-owned enterprises with some help in the follow-up planning.

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Sitorus, Rolib. "THE ESTABLISHMENT OF HOLDING COMPANY FOR INDONESIAN STATE-OWNED ENTERPRISES (OPTION OR REQUIREMENT)." Legal Standing : Jurnal Ilmu Hukum 2, no. 1 (July 5, 2018): 84. http://dx.doi.org/10.24269/ls.v2i1.1010.

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Sometimes, a big company that has developed business broadly needs to be divided based on their business categories. However, it will be effective if the divided, independent companies, hereby called as subsidiaries, are controlled and managed by certain central leader. Therefore, those subsidiaries and other former companies with the same owner or correlated by particular relation are managed and owned by an independent parent company. This parent company is what is defined as holding company. Holding company or parent company is a company that aims to own the shares of one or more other companies and to control them. Usually, a holding company owns many subsidiaries focusing in different field of business. Generally, there are three procedures available in the process of establishing a holding company. They are (1) residue procedure, (2) complete procedure, and (3) structured procedure.

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CANH, NGUYEN THI. "Comparing the Business Performance of the State-Owned Enterprises and Others." Journal of Economics Development 216 (April 1, 2013): 24–40. http://dx.doi.org/10.24311/jed/2013.216.06.

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Renjaan, Henrikus. "The Implementation of Receivables Write-Off of the State-Owned Banks in Indonesia." Hasanuddin Law Review 4, no. 2 (September 1, 2018): 204. http://dx.doi.org/10.20956/halrev.v4i2.1298.

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This research reviews two issues: Firstly, it describes the imple-mentation of the receivable write-off of State-Owned Bank (BUMN Banks) in Indonesia, and secondly, it describes the relevance of the independence principles of directors and Good Corporate Governance to the implementation of receivables write-off of state-owned banks in Indonesia. This research uses normative and empirical juridical approaches. The normative approach includes research on the independence principles of directors and Good Corporate Governance to the implementation of receivables write-off of the state-owned bank, while empirical research is conducted to determine the process of claim abolishment by state-owned banks in Indonesia. The outcomes of the research indicate that the unresolved legal problem related to the state financial position in the state-owned banks due to conflict of public and private law norms causes the directors of state-owned banks have not dared to do the process of claim abolishment. Therefore, consi-dering that the principle of autonomy of directors and good corporate governance is enforced properly, no one is concerned about the risk of corporate policies related to the process of claim abolishment from a state-owned bank because, in its very essence, it is a Business Judgment Rule in the banking business practice.

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Domokos, László, Mária Makkai, and Virgil Szommer. "Audit Experiences of State-Owned Business Organisations in Service of the State Management Approach." Polgári szemle 15, Special Issue (2019): 130–45. http://dx.doi.org/10.24307/psz.2020.0207.

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Yu, Miaojie. "Corporate governance of state-owned enterprises in China." Corporate Ownership and Control 5, no. 1 (2007): 493–99. http://dx.doi.org/10.22495/cocv5i1c3p8.

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In the last thirty years, China has undergone three stages of corporate governance mechanisms, namely, (1) the “power-delegating and profit-sharing” system; (2) the “contracted managerial responsibility” system; and (3) the corporatization of large stateowned enterprises (SOEs). This paper will explore each mechanism, their advantages and disadvantages in detail. The main finding is that the various practices of corporate governance of SOEs are not suitable for China’s SOEs mainly due to the lack of sufficient incentive. Instead, a mixed mechanism of the “control-based” and the “marketoriented” mechanisms is more attractive given China’s unique institutional setting

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Tavares Lehmann, Ana Teresa, and Frederick Lehmann. "Outward direct investment by Chinese state-owned enterprises." Competitiveness Review: An International Business Journal 27, no. 3 (May 15, 2017): 231–52. http://dx.doi.org/10.1108/cr-08-2016-0052.

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Purpose The paper aims to investigate outward foreign direct investment (OFDI) by Chinese state-owned enterprises (SOEs), aiming to unveil whether the Chinese OFDI policy acted as a country-specific advantage (CSA) that has been turned by Chinese firms, particularly SOEs, into a firm-specific advantage (FSA). Design/methodology/approach Using a data set spanning 18 years (1996-2013) on international mergers and acquisitions (IM&As) by Chinese companies (SOEs and private-owned enterprises – POEs) and drawing on extant literature, the paper systematically compares the behavior of Chinese SOEs and POEs, aiming to identify differences in their behavioral patterns that indicate that SOEs have benefitted more from policy-induced advantages than their private counterparts. Findings Among other aspects, significant differences were found regarding the behavior of SOEs vis-à-vis POEs that seem to show that SOEs had greater support from public entities, leading them to close larger deals and purchase more companies/stakes in cash; acquire firms with greater debt (implying higher interest payments); and purchase smaller stakes than POEs (indicating that there are other objectives than control). This lends support to the assumption that Chinese SOEs are “sitting on piles of cash”, and that the availability of capital acted as a CSA that has been transformed into an FSA by the companies involved, notably by SOEs. Research limitations/implications The comprehensive and large-scale data set used includes wholly owned SOEs, leaving out of this research partially owned SOEs. The findings of this paper have implications for the discussion on competitive neutrality and for the academic, managerial and public policy debate. Originality/value To the best of the authors’ knowledge, this is the only study, to date, that shows systematic differences in financing patterns of OFDI (notably via IM&As) by Chinese SOEs and POEs, among other behavioral characteristics of both types of companies when conducting FDI abroad, linking that to CSAs and FSAs induced by CSAs.

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Lumban Toruan, Henry Donald. "TINDAK PIDANA KORUPSI DIREKSI PERSEROAN BUMN YANG MENIMBULKAN KERUGIAN KEUANGAN NEGARA." to-ra 1, no. 1 (May 15, 2015): 30. http://dx.doi.org/10.33541/tora.v1i1.1092.

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Determination of Directors of state-owned company as perpetrators of corruption that cause financial loss to the state being debated. Actions in the framework of the management of the company's Board of Directors conduct business relationships with other companies is intended pursuit for profit purposes set forth in the articles of association of the company. If the state-owned company suffered losses in the business relationship, then it becomes a loss to the state even after careful and responsible as set out in the Company Law. Unfortunately the state losses at state- owned company made an unlawful act of corruption in the Corruption Eradication Act (Act PTPK). Establishes the Board of Directors as a subject perpetrators of corruption in PTPK Law, caused the expansion of the formulation of the notion of public servants, not just civil servants who are subject to the Civil Service Act but also includes those who receive salaries and wages of state finance or state facilities. In terms of state-owned company is a legal entity which has the property that is separate from its shareholders. When capital from state financial aid is included in the state-owned company in the form of capital stock, the capital instantly become the company's wealth. If any damage occurs as a result of the company's business relationships, then it becomes a loss company. Shareholders are only responsible for the loss of shares owned by the company. Kata kunci: Kerugian perseroan BUMN bukan kerugian keuangan Negara

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Nugroho, Riant. "POLICY MODEL FOR MANAGING STATE OWNED ENTERPRISE." Jurnal Academia Praja 3, no. 2 (August 1, 2020): 204–33. http://dx.doi.org/10.36859/jap.v3i2.162.

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State Owned Enterprises (SOEs) is a unique phenomenon of developing countries economy. Indonesia SOEs has come as a policy of MNC nationalisation post Independence. The policy then turn into savior of the nation's economy while in 1998/1999 crises. The next policy was turning the groups of industries into the profesionally managed corporation and become the leading national players in the global competition. The policy has been promoting by all administrations post reform, and the SOEs have a sound business performance. It raised the three questions for the next challenge: it is a need to keep the Ministry of SOEs, and how to make a perform policy on SOEs. The answer is, there is a t need o abolish the office. The second answer is there is a need to define the next mission of the SOEs. There are two critical new missions that need to be redrawn by policy makers. First, in the well-developed economy and liberalized market, SOEs act as �countervailing actor� toward market players rather than to dominate. Secondly, in the next 50 years, it is probable SOEs will be one of the principal contributors for state budget.

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Parlagutan Pulungan, Dolly, Sugeng Wahyudi, Suharnomo Suharnomo, and Harjum Muharam. "The performance evaluation of the state-owned enterprise’s stocks in Indonesia." Investment Management and Financial Innovations 16, no. 2 (June 4, 2019): 140–49. http://dx.doi.org/10.21511/imfi.16(2).2019.12.

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State-owned enterprises (SOEs) play a strategic role in the Indonesian economy. In Indonesia, SOEs have contributed around 16.41% for the Indonesian state budget. Many Indonesian state-owned enterprises (SOEs) have listed their stocks on the Indonesia Stock Exchange. However, the study on the performance of SOEs’ stocks is still relatively limited and tends to use indicators such as Sharpe Index, Treynor Ratio or Jensen Index. In addition to using indicators such as Sharpe Index, Treynor Ratio or Jensen Index, this study examines the performance of SOEs’ stocks using Adjusted Sharpe Index, Adjusted Jensen Index and Sortino Ratio that can measure the downside risk of those stocks. The objective of this study is to analyze the performance of the SOEs’ stocks in Indonesia. The sample in this research were 19 SOEs’ stocks listed on Indonesia Stock Exchange during the period from January 2013 until April 2019. The result of this research indicated that INAF (PT Indo Farma) stocks had the best performance when measured by using all measurement methods. The performing stocks came from the construction sector and the pharmaceutical sector. Therefore, investors are suggested to give more attention to SOEs from the pharmaceutical sector and the construction sector.

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Fink, Alexander. "The Political Economy of State-Owned Lotteries." Journal of Consumer Policy 41, no. 3 (June 24, 2018): 257–72. http://dx.doi.org/10.1007/s10603-018-9377-0.

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Jakopin, Edvard, Aleksandar Gračanac, and Jugoslav Aničić. "Restructuring of State Enterprises as a Prerequisite for Economic Growth in the Republic of Serbia." Economic Themes 59, no. 1 (March 1, 2021): 1–22. http://dx.doi.org/10.2478/ethemes-2021-0001.

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AbstractThis study of the performance of state-owned enterprises in Serbia has shown that the state has great difficulties managing the enterprises that are in its portfolio and under its control. The adaptation of state-owned enterprises to exogenous shocks unfolds at a slow pace and is faced with many problems. The institutional environment for the strategic restructuring of the state sector is not in the service of strengthening the efficiency of its business operation. The study has shown that the economic performance of state-owned enterprises exerts a direct influence on economic growth, the budget, government balance sheets, and debt. While the “healthy” enterprises (the ones conducting their business successfully) are valuable state-owned property, enterprises with a loss or over indebted enterprises are obligations which demand intervention through the injection of additional capital or through other forms of help from the state. The main goal of restructuring state-owned enterprises is to improve responsibility and efficiency. The array of measures for improving efficiency ranges from modifications of the legal framework and corporate governance of socially owned enterprises (including corporatization and separation of activities) to the sale of property to the private sector or complete privatization. Reforms are aimed at improving the transparency and responsibility of state-owned enterprises, not just for the purpose of efficiency, but also for the purpose of harmonization with the ethical and deontological requirements.

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Bhat, Kalim Ullah, Yan Chen, Khalil Jebran, and Niaz Ahmed Bhutto. "Corporate governance and firm value: a comparative analysis of state and non-state owned companies in the context of Pakistan." Corporate Governance: The International Journal of Business in Society 18, no. 6 (December 3, 2018): 1196–206. http://dx.doi.org/10.1108/cg-09-2017-0208.

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Purpose The purpose of this paper is to examine how corporate governance instruments impact firm value in the context of Pakistan. This paper considers state- and non-state-owned enterprises and examines whether the influence of corporate governance on firm value varies across firms having different nature of ownership. Design/methodology/approach This study opts for an unbalanced sample of state- and non-state-owned enterprises for the period 2010-2014. Panel data regression is adopted for estimation of main results. The suitable model, i.e. fixed and random effect model, is selected using Hausman specification test. Findings The notable findings show that board independence has a significant and positive relationship with firm value only for state-owned companies. Furthermore, the results show that market capitalization and return on assets have a significant and positive association with firm value for both state- and non-state-owned enterprises. All other variables are found insignificant for both state- and non-state-owned companies, but the results are consistent with those reported in previous studies. Practical implication The findings of the study suggest that fair induction of independent directors, appropriate board size and cost-benefit analysis to conduct frequent meetings can help corporations to improve their performance. Originality/value This study is adding to the current literature by providing new insights and shows that the impact of corporate governance on firm value varies across firms of different types of ownership, i.e. state- and non-state-owned enterprises.

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Tarasevich, Tetyana, and Vitaliy Lazarenko. "Criminal liability for bringing bankruptcy of certain business entities." Law Review of Kyiv University of Law, no. 2 (August 10, 2020): 378–82. http://dx.doi.org/10.36695/2219-5521.2.2020.72.

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The article distinguishes between financial insolvency and bankruptcy, which is recognized by the economic court as the debtor’sinability to satisfy monetary claims of creditors differently than through the application of the liquidation procedure. The legislation ofUkraine on criminal liability for bankruptcy provides for a fine of two thousand to three thousand non-taxable minimum incomes ofcitizens with the deprivation of the right to occupy certain positions or engage in certain activities for up to three years.Bringing an enterprise to bankruptcy, in particular state or state-owned, is very common in Ukraine and outwardly manifests itselfmainly as covert forms of privatization. Such actions against state-owned enterprises result not only in dubious privatization agreements,but also in the destruction of integral property complexes of strategically important objects for the state, a sharp rise in unemployment,and so on.The activity of agricultural enterprises plays an extremely important role in the development of the market economy of Ukraine,as it is caused by attracting a significant amount of investment in the economy of our country and improving the economic situation inUkraine. The share of agriculture in Ukraine’s GDP in 2019 was 8.9%, or almost 360 billion hryvnias.At the same time, for the bankruptcy of an agricultural or state-owned enterprise, the guilty person may be punished by a finewith restriction of the right to hold certain positions or engage in certain activities. The imposition of a penalty in the form of a finewith restriction of certain rights for the commission of this crime is not sufficient to achieve the purposes of punishment and entails aninjustice in the application of criminal law, which cannot be considered acceptable. Conclusions have been drawn on the need tostrengthen criminal liability for bankruptcy of an agricultural, state-owned enterprise and enterprise, in the authorized capital of whichthe share of state ownership exceeds 50 percent.

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Hochstetler, Kathryn, and Genia Kostka. "Wind and Solar Power in Brazil and China: Interests, State–Business Relations, and Policy Outcomes." Global Environmental Politics 15, no. 3 (August 2015): 74–94. http://dx.doi.org/10.1162/glep_a_00312.

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This article examines developments in the renewable electricity sector in Brazil and China since 2000. The two countries share many interests with respect to solar and wind power, but institutional differences in state–business relations led to different outcomes. In China, in a context of corporatist state–business relations, state interventions were more far-reaching, with the state coordinating with state-owned banks, offering large financial and investment incentives to state-owned or state-connected enterprises. By contrast, in Brazil’s public–private partnerships, state support to promote renewable energies was shaped by a stronger preference for competitive auctions and stricter financing rules. The differences in state–business relations help explain the observed developmental trajectories in wind and solar power.

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Cuervo-Cazurra, Alvaro, Andrew Inkpen, Aldo Musacchio, and Kannan Ramaswamy. "Governments as owners: State-owned multinational companies." Journal of International Business Studies 45, no. 8 (August 21, 2014): 919–42. http://dx.doi.org/10.1057/jibs.2014.43.

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Yang, Kaifeng. "State-Owned Enterprise Reform in Post-Mao China." International Journal of Public Administration 31, no. 1 (December 27, 2007): 24–53. http://dx.doi.org/10.1080/01900690601052555.

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Liou, Kuo-Tsai. "The performance of state-owned enterprises in taiwan." International Journal of Public Administration 17, no. 8 (January 1994): 1459–84. http://dx.doi.org/10.1080/01900699408524950.

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Kim, Kyunghoon. "Using partially state-owned enterprises for development in Indonesia." Asia Pacific Business Review 25, no. 3 (February 18, 2019): 317–37. http://dx.doi.org/10.1080/13602381.2019.1575660.

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Wicaksono, Agung Prasetyo Nugroho. "The Effect of Corporate Political Connections on Tax Aggressiveness." Journal of Applied Accounting and Taxation 4, no. 2 (October 30, 2019): 138–43. http://dx.doi.org/10.30871/jaat.v4i2.1438.

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This study examines whether corporate political connections influence tax aggressiveness in state-owned enterprises and private-owned enterprises in Indonesia. The observation period is 2015 to 2017. The population taken is a state-owned enterprise and a non-financial sector private sector business entity with 327 companies with a period of 3 years. Then the determination of the sample using a purposive sampling method used a sample of 148 companies. The results of this study indicate that the existence of political connections in state-owned enterprises and private-owned enterprises has a significant positive effect on tax aggressiveness.

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Thanh Hai, Nguyen. "Strategic Management in Vietnam State-Owned Enterprises (SOE)." International Journal of Business and Management 11, no. 2 (January 25, 2016): 197. http://dx.doi.org/10.5539/ijbm.v11n2p197.

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This paper analyzes the strategic management in SOEs on the basis of a survey of 73 SOEs in Vietnam. The findings have shown that very few SOEs have a section in charge of strategic planning; they are more likely to make decisions based on the subjective experiences of leaders. Though numerous innovations have been recorded in activities of studying business philosophy, mission, objectives of Vietnam’s SOEs, these have still not totally escaped from a habit of falling into the old ways of thinking; there have still been many limitations in activities of forecasting external environment and external forecasting. The personnel system, despite the reforming, restructuring steps being under way, is still very completed at present. Activities of testing, assessing, correcting still largely for form’s sake, without clear objectives. From the research findings, the paper proposes several solutions in order to improve the performance of strategic management in Vietnam’s SOEs.

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Zhao, Hong, Peiyu Ou, Jerry W. Lin, and Junrui Zhang. "Introducing Foreign Strategic Investors And Net Interest Margins In Chinese Banks." Journal of Applied Business Research (JABR) 30, no. 5 (August 27, 2014): 1377. http://dx.doi.org/10.19030/jabr.v30i5.8794.

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Introducing foreign strategic investors is a vital step in Chinas ownership reform of commercial banks. Using data from 81 commercial banks in China between 1995 and 2010, we investigate the effects of introducing foreign strategic investors and ownership structure on net interest margins. Three primary results emerge. First, introducing foreign strategic investors reduces net interest margins. Second, state-owned commercial banks have lower net interest margins than non-state-owned commercial banks. Third, we also find the effects of introducing foreign strategic investors on net interest margins in state-owned commercial banks are weaker than those in non-state-owned commercial banks. These results passed robustness tests.

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Tomasic, Roman, and Jenny Jian Rong Fu. "Government-owned companies and corporate governance in Australia and China: beyond fragmented governance." Corporate Ownership and Control 3, no. 4 (2006): 123–31. http://dx.doi.org/10.22495/cocv3i4p10.

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The ownership and control of government owned companies presents a major challenge for the integrity of established corporate law ideas regarding accountability of directors and the independence of government owned companies. Drawing upon experience from China and Australia, the article discusses some of the key corporate governance tensions that have emerged from the corporatization of state owned assets. The attempt to uncritically apply private sector ideas to the corporatisation of state-owned and controlled companies is fraught with difficulties that are discussed in this article. The article also examines attempts to place state owned companies on a sounder conceptual footing through changes to their culture brought about by adopting and embedding guidelines and standards, such as the recent OECD Guidelines on the Corporate Governance of State-owned Enterprises

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Gershman, Mikhail, Vitaliy Roud, and Thomas Wolfgang Thurner. "Open innovation in Russian state-owned enterprises." Industry and Innovation 26, no. 2 (July 27, 2018): 199–217. http://dx.doi.org/10.1080/13662716.2018.1496815.

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Youssef, Samir. "EGYPTIAN STATE OWNED ENTERPRISES: A SECTOR IN TRANSITION." International Journal of Commerce and Management 4, no. 4 (April 1994): 5–25. http://dx.doi.org/10.1108/eb047297.

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Journal articles on the topic 'State owned business'

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