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  1. Sovereign wealth funds and the COVID-19 shock
    economic and financial resilience in resource-rich countries
    Erschienen: [2020]
    Verlag:  BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Università Bocconi, Milano, Italy

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 666
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper series / Bocconi ; n. 147 (August 2020)
    Schlagworte: Sovereign wealth fund; state ownership
    Umfang: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  2. Economic Legitimation in a New Era: Public Attitudes to State Ownership and Market Regulation in China
    Erschienen: 2020
    Verlag:  Humboldt-Universität zu Berlin, Berlin

    Autocrats typically seek public support on the basis of economic growth-promotion and redistribution policies, and China is no exception. As important as these factors are for authoritarian resilience, we argue that economic legitimation is a more... mehr

    Humboldt-Universität zu Berlin, Universitätsbibliothek, Jacob-und-Wilhelm-Grimm-Zentrum
    uneingeschränkte Fernleihe, Kopie und Ausleihe

     

    Autocrats typically seek public support on the basis of economic growth-promotion and redistribution policies, and China is no exception. As important as these factors are for authoritarian resilience, we argue that economic legitimation is a more complex phenomenon than has previously been acknowledged. Beyond improvements in material well-being, citizens form judgements about the state's effectiveness in carrying out a variety of economic roles beyond growth promotion and they also care about the fairness of these market interventions. In this study, we use original survey data collected in late 2015 and early 2016 to evaluate Chinese citizens’ perceptions of two economic roles of the state that have been hotly debated in recent years: state ownership and market regulation. We find that while citizens view the ideas of state ownership and interventionist regulation in a generally positive light, suggesting a broad level of agreement in Chinese society about what economic functions the state ought to perform, perceptions of how the state actually carries out these roles are more mixed. Our results show that the urban young are especially inclined to critical evaluations, raising the question of how the Chinese Communist Party's legitimation strategy will fare under conditions of inter-generational value change. Peer Reviewed

     

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    Sprache: Englisch
    Medientyp: Aufsatz aus einer Zeitschrift
    ISSN: 0305-7410
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    Weitere Schlagworte: authoritarianism; state ownership; market regulation; legitimation; China; Geografie und Reisen; Geschichte Asiens; Literaturen einzelner anderer Sprachen und Sprachfamilien
    Umfang: 1 Online-Ressource (26 Seiten)
  3. State ownership and corporate leverage around the world
    Erschienen: May 2022
    Verlag:  European Bank for Reconstruction and Development, [London, United Kingdom]

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    Schriftenreihe: Working paper / European Bank for Reconstruction and Development ; no. 266
    Schlagworte: state ownership; privatisation; corporate debt; state banks
    Umfang: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  4. Productivity of Slovenian firms
    Erschienen: 2018
    Verlag:  Publications Office of the European Union, Luxembourg

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    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789279774157
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    Schriftenreihe: Array ; 078 (March 2018)
    Schlagworte: productivity; state ownership; exporters; Slovenia
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  5. Monitoring the governance of state-owned enterprises
    assessing the impact of corporate governance reforms in Brazil
    Erschienen: May, 2024
    Verlag:  Inter-American Development Bank, Institutions for Development Sector, Fiscal Management Division, [Washington, DC]

    State-owned enterprises (SOEs) are often justified for correcting market failures, providing essential public services, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with state... mehr

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    State-owned enterprises (SOEs) are often justified for correcting market failures, providing essential public services, and fulfilling social objectives. Yet, SOEs face unique governance challenges as agency conflicts usually increase with state ownership. This paper examines Brazil's efforts to address agency conflicts in SOEs, including new legislation (Law 13303 of 2016, the “Law on SOEs”) establishing stringent criteria for the appointment of executives and for the accountability and a complementary monitoring mechanism known as IG-SEST. Using the difference-in-differences methodology, we assess the impact of those interventions on SOEs profitability and labor productivity. Although no significant effect of the more-stringent governance requirements of the Law on SOEs was detected, the group of federal SOEs, which adopted the IG-SEST monitoring mechanism, significantly increased their profitability compared to similar municipal and state SOEs. Because IG-SEST anchored its indicators in corporate governance parameters specified in the Law on SOEs, this result can be interpreted as potential evidence that institutional changes might require complementary mechanisms for effective implementation. These findings are consistent with previous work suggesting that corporate governance might require broader institutional reforms, including fiscal policies to mitigate government action with a negative effect on the performance and solvency of SOEs.

     

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    Sprache: Englisch
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    Schriftenreihe: Working paper / [Inter-American Development Bank] ; no IDB-WP-1590
    Schlagworte: state-owned enterprises; state ownership; state capitalism; corporate governance; corporate governance reform
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen