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This book is based upon extensive and repeated fieldwork, close observation and familiarity with institutional detail. It traces Vietnam's early attempts to create in State Owned Enterprises (SOEs) a basis for a military-industrial complex, and the ways in which these attempts failed, which explains the nature of state commercialism through the 1980s and into recent years. Since the 1990 breakout to a market economy, Vietnam has shown outstanding development success, with rapid GDP growth, macroeconomic stability, swift poverty reduction, maintenance of social spending and extensive globalisat
Government ownership --- Vietnam --- Economic policy --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Collectivism --- Socialism --- Privatization
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No detailed description available for "International Privatisation".
Privatization --- Government ownership --- E-books --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Collectivism --- Economic policy --- Socialism --- Congresses
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The aim of this thesis is to analyse the impact of state ownership on stock return on a sample of European listed firms from 2002 to 2020. In general, two views are opposed regarding the influence of the state as a shareholder. On the one hand, the literature provides large evidence that, in general, state ownership is detrimental to firm performance and governance, with some nuances depending on states objectives and the types of investors. On the other hand, state as an owner can provide preferential access to resources and rescue firms, especially during economic downturn. The empirical study uses a difference-in-differences model to estimate the impact of state ownership on stock return and cross-sectional regressions to estimate the drivers of stock return. The results suggest that the investors do not value state ownership, even in time of distress. Indeed, the markets do not view positively governments involved in the acquisition of a company’s equity stakes and it translates into negative stock return. Moreover, acquisitions made during crises do not add any value. Finally, in the short term, the acquisition of the majority of shares by governments conveys a reliable signal to the investors, which translates into a positive correlation with stock return.
state ownership --- state capitalism --- state-owned enterprise --- stock return --- difference-in-differences --- Europe --- Sciences économiques & de gestion > Finance
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Public economics --- Economic structure --- Government ownership --- History --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Collectivism --- Economic policy --- Socialism --- Privatization --- Government ownership - Great Britain - History - 20th century
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L’époque où l’on considérait que le développement était l’affaire des seuls gouvernements est bel et bien révolue. Mais impliquer d’autres acteurs de la société, tels que le secteur privé et les ONG, reste encore aujourd’hui un défi à relever. Ce livre part de l’observation des activités du secteur privé dans les pays en développement et dans les économies émergentes, et montre de quelle façon ces activités sont en relation avec les politiques gouvernementales. Comprendre ces activités et ces interactions public-privé est indispensable pour que le secteur privé puisse jouer pleinement son rôle dans le processus de développement d’un pays. À cette fin, plusieurs études de cas fournissent ici des exemples concrets d’Afrique, d’Asie, et d’ailleurs.
Electronic books. -- local. --- Government ownership. --- Privatization. --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Denationalization --- Privatisation --- Collectivism --- Economic policy --- Socialism --- Privatization --- Contracting out --- Corporatization --- Government ownership
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Dans les débats d’aujourd’hui sur la recherche d’une croissance durable de l’économie, le développement et la diffusion des hautes technologies sont reconnus comme des éléments décisifs. Il s’agit de trouver les moyens et l’organisation pertinents pour mettre en œuvre les découvertes et les applications scientifiques les plus récentes et assurer le renouveau du tissu économique et social. La conception de produits et de services dans ces domaines, la création et l’essor d’entreprises petites et grandes, le soutien ou les commandes que peuvent leur apporter les différents pouvoirs publics, le rôle des universités et de la recherche, leur impact sur l’environnement, les changements de la société civile et de l’opinion à leur égard sont devenus des enjeux majeurs. Outre la croissance, il y va de la souveraineté, de l’indépendance nationale et de la capacité d’alliance et de coopération des nations. Ce livre est le premier ouvrage d’ensemble qui, loin de se limiter à un secteur, aborde leur histoire parallèle aux États-Unis et en France depuis 1945, deux pays aussi différents par leurs atouts et leur culture que liés par leur histoire et la géopolitique. Il aborde la question de l’hégémonie américaine vis-à-vis des Européens et celle des voies qui s’offrent à eux dans ce contexte, seuls ou ensemble. Il ne se contente pas, en effet, d’une approche nationale : il traite du niveau local et régional comme de la place de l’Europe et du rôle des organismes internationaux. Une première partie analyse les réussites mais aussi quelques échecs du pilotage par l’État de secteurs pionniers. Une deuxième partie concerne spécifiquement les ressources stratégiques et les enjeux militaires. Une troisième partie aborde l’écologie des entreprises de haute technologie et de leurs produits : accès aux technologies, financements, demande, marchés. Une quatrième partie étudie comment, pour faire face au double défi de la concurrence et de la coopération, ont été trouvées des articulations…
Government ownership --- High technology --- Economic aspects --- High tech --- Technology --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Collectivism --- Economic policy --- Socialism --- Privatization --- high technology
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Using this Guide will facilitate the practical implementation of the OECD Guidelines on Corporate Governance of State-Owned Enterprises in the areas of transparency and accountability. It provides viable policy options and a step-by-step road map on how to address typical difficulties, risks and hurdles that may be encountered. It also provides concrete examples of good practices that can serve as a reference and inspiration. The Guide will help governments, their ownership entities and other stakeholders to evaluate existing practices and support reforms. In most countries, improving transparency and accountability in state-owned enterprises entails a number of complex challenges. Addressing these, with the help of this Guide, is an important step in the process of establishing well-governed and economically sound state-owned enterprises
Corporate governance. --- Government business enterprises. --- Government ownership. --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Nationalized companies --- Parastatals --- Public enterprises --- State-owned enterprises --- Governance, Corporate --- Collectivism --- Economic policy --- Socialism --- Privatization --- Business enterprises --- Industrial management --- Directors of corporations
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The wave of liberalization that swept world markets in the 1980s and 90s altered the ways that governments manage their economies. Reinventing State Capitalism analyzes the rise of new species of state capitalism in which governments interact with private investors either as majority or minority shareholders in publicly-traded corporations or as financial backers of purely private firms (the so-called "national champions"). Focusing on a detailed quantitative assessment of Brazil's economic performance from 1976 to 2009, Aldo Musacchio and Sergio Lazzarini examine how these models of state capitalism influence corporate investment and performance. According to one model, the state acts as a majority investor, granting the state-owned enterprise (SOE) financial autonomy and allowing professional management. This form, the authors argue, has reduced many agency problems commonly faced by state ownership. According to another hybrid model, the state uses sovereign wealth funds, holding companies, and development banks to acquire a small share of equity ownership in a corporation, thereby potentially alleviating capital constraints and leveraging latent capabilities. Both models have benefits and costs. Yet neither model has entirely eliminated the temptation of governments to intervene in the operation of natural resource industries and other large strategic enterprises. Nevertheless, the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant, Musacchio and Lazzarini conclude. Private ownership is now mingled with state capital on a global scale.
Capitalism. --- Government ownership -- Brazil. --- Government ownership. --- Government ownership --- Capitalism --- Management --- Business & Economics --- Industrial Management --- Market economy --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Economics --- Profit --- Capital --- Collectivism --- Economic policy --- Socialism --- Privatization --- E-books
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Limits to Privatization is the first thorough audit of privatizations from around the world. It outlines the historical emergence of globalization and liberalization, and from analyses of over 50 case studies of best- and worst-case experiences of privatization, it provides guidance for policy and action that will restore and maintain the right balance between the powers and responsibilities of the state, the private sector and the increasingly important role of civil society.The result is a book of major importance that challenges one of the orthodoxies of our day and provides a benchmark for
Social change --- Social ethics --- Economic policy and planning (general) --- International economic relations --- Government ownership. --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Privatization. --- Collectivism --- Economic policy --- Socialism --- Privatization --- Denationalization --- Privatisation --- Contracting out --- Corporatization --- Government ownership
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This Toolkit provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It covers the key elements of corporate governance, including legal and regulatory framework, state ownership arrangements, performance management systems, financial and fiscal discipline, boards of directors, transparency and disclosure, and protection of shareholders in mixed ownership companies. Experience shows that no one approach is universally applicable and the choice of measures depends on country and enterp
Government business enterprises. --- Government ownership. --- Corporate governance. --- Governance, Corporate --- Nationalization --- Public ownership --- Socialization of industry --- State ownership --- Nationalized companies --- Parastatals --- Public enterprises --- State-owned enterprises --- Industrial management --- Directors of corporations --- Collectivism --- Economic policy --- Socialism --- Privatization --- Business enterprises
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