ScholarLens Back to search
2017•Journal of Academy of Business and EconomicsRequires access

THE EVOLUTION OF STATE-OWNED ENTERPRISES: A FAILING EXPERIMENT IN POLITICAL ECONOMY

Sean Aherne, Vivian Okere

Open publisher page 0 citations

Abstract

ABSTRACT SOEs are firms that are wholly state-owned or partially publicly traded and controlled by the state (or federal government). SOEs represent a significant aspect of the global economy. In this paper, we discuss the inefficiencies of SOEs, particularly in Brazil, and in general terms the failure of the SOE concept in the political economy. Countries that use SOEs as a tool for economic development fail to realize the expected return and in some cases create an environment for corruption due to lack of oversight and significant foreign currency denominated debt from bailing out their SOEs. Keywords state-owned enterprise, experiment, Brazil

About this research paper

What this paper is about

ABSTRACT SOEs are firms that are wholly state-owned or partially publicly traded and controlled by the state (or federal government). SOEs represent a significant aspect of the global economy. In this paper, we discuss the inefficiencies of SOEs, particularly in Brazil, and in general terms the failure of the SOE concept in the political economy. Countries that use SOEs as a tool for economic development fail to realize the expected return and in some cases create an environment for corruption due to lack of oversight and significant foreign currency denominated debt from bailing out their SOEs. Keywords state-owned enterprise, experiment, Brazil

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

ABSTRACT SOEs are firms that are wholly state-owned or partially publicly traded and controlled by the state (or federal government). SOEs represent a significant aspect of the global economy. In this paper, we discuss the inefficiencies of SOEs, particularly in Brazil, and in general terms the failure of the SOE concept in the political economy. Countries that use SOEs as a tool for economic development fail to realize the expected return and in some cases create an environment for corruption due to lack of oversight and significant foreign currency denominated debt from bailing out their SOEs. Keywords state-owned enterprise, experiment, Brazil

Key concepts: Currency, State (computer science), Language change, Business, Debt, Politics, Government (linguistics), Market economy

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
THE EVOLUTION OF STATE-OWNED ENTERPRISES: A FAILING EXPERIMENT IN POLITICAL ECONOMY — Research Paper | ScholarLens