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Governance and State-Owned Enterprises
How Costly is Corruption?

by Anja Baum, Clay Hackney, Paulo Medas, and Mouhamadou Sy

Series:Working Paper No. 19/253
ISBN 9781513519296
Code: #WPIEA2019253

Publication year: 2019

Cdn: $27.00; US: $25.00
Paperback
Language: English
43 pages
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State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption affects the performance of SOEs using firm level data across a large number of countries. One striking result is that SOEs perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also show that SOE governance reforms can generate significant performance gains.
Governance and State-Owned Enterprises
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 126355 Added: 2019.11.22