State-owned enterprises in the modern economy: the objectives and determinants of efficiency

Autor:	Katarzyna Szarzec
Jazyk:	English<br />Polish
Rok vydání:	2023
Předmět:	efficiency state-owned enterprises ownership policy state institutions rent-seeking Economics as a science HB71-74 Finance HG1-9999
Zdroj:	Ekonomista, Iss 3, Pp 295-314 (2023)
Druh dokumentu:	article
ISSN:	0013-3205 2299-6184
DOI:	10.52335/ekon/170240
Popis:	This article aims to identify the conditions under which state-owned enterprises can be beneficial to a modern capitalist economy. These enterprises face two major issues: multiple financial and non-financial objectives and their assessment; and rent-seeking by politicians. The analysis is based on a critical review of the contemporary literature and on empirical research into state ownership. The fundamental preconditions for efficiency and innovation of state-owned enterprises, and their positive impact on economic growth, are high quality state institutions and good ownership policy. Absent that and rent-seeking by politicians will inevitably lead to a decline in efficiency.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/2885e87a451e46549ba3b782e11159bf Zobrazit plný text záznamu View record in DOAJ