Suchergebnisse

According to OECD (2015), any corporate entity recognized by national law as an enterprise, and in which the state exercises ownership, should be considered as a State-Owned Enterprise (SOE). Although most industrialized economies are characterized by open and competitive markets firmly rooted in the rule of law, with private enterprises as the predominant economic actors yet governments continue to own and operate national commercial enterprises in key industries, making them important actors in the market, in the economy and in the society. The SOEs are an established reality world - wide but how well this reality performs is another question, that needs to be considered case by case. However, it may be concluded that when governed transparently and efficiently, SOEs can play a role in creating fairer, more competitive markets. Thus, in order to maximize their contribution to the economy and the society, SOEs should be productive and efficient.

State-owned enterprises (SOEs) are often considered to be relics of twentieth century history. The transformation in the basic concept of SOE is closely linked to two major recent developments in Western capitalism. This chapter examines the process of change in the concept of SOEs and their impact in the making of global business. The traditional SOE was established and developed in a variety of circumstances. Ownership is closely related to control, and, for traditional SOEs in particular, the means a close interconnection with the national government. SOEs have assumed various organizational forms: government agencies, intermediaries between the agency and the business enterprise, and state-owned limited liability companies. In their country, SOEs had often a special political role as significant employers. International organizations began to be more negative about SOEs as of the late 1980s. In Italy, the formation of an SOE system was particularly affected by the lack of private capital. ; peerReviewed

In the aftermath of the Global and Financial Crisis (GFC), between 2013 and 2015, the Portuguese government revoked four holidays for both public sector and private employees. We test whether the revocation had an effect on labour productivity in State-Owned Enterprises (SOEs) in Portugal. Moreover, we also study whether such effects are different taking into account the SOEs managed by the Central Government or the Local and Regional Governments. Our results show that revocation of holidays did not impact labour productivity for either central or local and regional government managed SOEs. Though revocation of holidays espoused to improve productivity, the policy seems to have served a ceremonial purpose, but not an economic one ; info:eu-repo/semantics/publishedVersion

In the aftermath of the Global and Financial Crisis (GFC), between 2013 and 2015, the Portuguese government revoked four holidays for both public sector and private employees. We test whether the revocation had an effect on labour productivity in State-Owned Enterprises (SOEs) in Portugal. Moreover, we also study whether such effects are different taking into account the SOEs managed by the Central Government or the Local and Regional Governments. Our results show that revocation of holidays did not impact labour productivity for either central or local and regional government managed SOEs. Though revocation of holidays espoused to improve productivity, the policy seems to have served a ceremonial purpose, but not an economic one.

peer-reviewed ; While the Covid-19 pandemic has had a significant negative impact on the overall Irish economy, the severity of the impact on individual firms very much depends on the sector in which they operate. State owned enterprises (SOEs) in the aviation and public transport sectors have therefore experienced the most severe impact in 2020, with companies operating in the energy and communications sectors not affected to the same extent. The true extent of the impact of the pandemic on the financial performance of the SOE sector will not become apparent until annual reports are published next year, and the degree to which government support may be required for some companies will depend on how quickly Covid-19-related restrictions can be eased in 2021.