Anja Baum, Clay Hacknay, Paulo Medas, Mouhamadou Sy
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引用次数: 0
Abstract
State-owned enterprises (SOEs) are present in key sectors of economies around the world. While they can provide an important public service, there is widespread concern that their activities and financial performance are hindered by corruption. In the meantime, cross-country analysis on the cost of corruption for SOEs remains scarce. We present new cross-country evidence on how corruption affects SOE performance using firm level data. We find that SOEs perform as well as private firms in core sectors when corruption is low but are significantly less efficient when corruption is high. We also show that, in turn, improvements in fiscal transparency and specific SOE governance reforms have the potential to improve SOE performance.
期刊介绍：
Economics of Governance aims to foster research on governance at many levels: corporations, non-profit organizations, local and federal governments, and international organizations. Applications include the internal organization of firms, corporate governance, the private provision of public goods, local public policies, relations across levels of government, public expenditure and regulation, and problems of credibility and enforcement of international agreements. Though the journal aims to contribute to general economic knowledge, it is also interested in applying theoretical and empirical insights to important current topics. The journal is open to many approaches, including formal theoretical analysis, systematic observation, simulation, and empirical studies. Interdisciplinary contributions by economists, organizational scholars, and political scientists are encouraged.
Officially cited as: Econ Gov
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