Several state-owned enterprises (SOEs) have severally faced imminent collapse, resulting in various support from the government. This has increased debt level of government and SOEs. The study examined factors that influence financial performance South African used a quantitative methodology secondary data 33 SOEs 1995 to 2017. were analysed using multiple regression model GMM estimation techni...

The future of China’s energy industry will include market-oriented reforms. Property rights are a fundamental right in a market economy, and the protection of property rights is a cornerstone of a market economy. The definition and protection of the energy industry’s property rights include the precondition that any enterprise, including various State-owned enterprises (“SOEs”), the three major...

I ndonesia’s economic policies began to become much more market oriented during the 1980s. Various policy reforms were implemented, notably in the field of international trade (Fane and Condon, 1996). In addition, there came to be a new emphasis on privatisation, although this was nearly all talk and no action (Hill, 2000:103-5). In 1989 the then Finance Minister announced that 52 state-owned e...

This paper presents theoretical analysis of how career concerns and shareholder monitoring affect chief executive officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state-owned enterprises (SOEs) during the 1999–2007 period and find that there is a significant decline in investment efficiency prior to CEO retirement, relative to...

Purpose This paper aims to combine the agency theory and efficiency wage explore effects of relative compensation for executive directors with marketing experience on two outcomes (marketing market share) moderating roles ownership type (private vs state-owned enterprises) concentration in this process. Design/methodology/approach A total 2,753 firm-year observations from Chinese listed compani...

The inherent problems of state-owned enterprises (SOEs), such as the lack external monitoring, may harm their accounting quality. However, results from prior research are not consistent. Therefore, this study investigates effect state ownership SOEs on quality, measured by earnings management. Using samples listed in A-share market China 2009 to 2017, indicate that there is a significant and po...

The literature emphasizes the crucial role of state-owned enterprises (SOEs) in fostering economic growth and addressing public demands. However, ensuring sustainable development SOEs requires further research to investigate project management with a focus on value creation. Accordingly, authors conducted case study prominent real estate SOE China examine how can alter their practices achieve m...

Although state-owned enterprises (SOEs) have long been criticized for being inefficient, they play a vital role in realizing social welfare including the improvement of environmental quality. SOEs are controlled by governments, so motivations and strategies to improve corporate performance distinct from their privately-owned counterparts. In this article, we propose that unique strategy adopted...

Non-performing loans (NPLs) are essentially a product of the irrational allocation of resources. Different from other Asian countries, China's NPL issue resulted primarily from a transitioning economy dominated by the triangular relations of state-owned enterprises (SOEs), state-owned commercial banks (SOBs) and the fiscal system. Even though the total amount of NPLs in 1999 was estimated to be...

Introduction/background In recent months there has been heated debates on Zambia's economic governance especially as it relates to prudent fiscal management. Being a heavily donor dependent country with over 40% of its national budget supported by external resources, Zambia has had no choice but to abide by the Post-Washington consensus—a new economic doctrine supported by our external financie...