White Paper on Good Governance in State-Owned Enterprises
White Paper on Good Governance in State-Owned Enterprises

Author(s): Author Not Specified
Subject(s): Civil Society, Governance
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: Covid 19;
Summary/Abstract: Motivations for state property may increase or decrease over time, but state-owned companies appear to be a sustainable feature of the economic environment and will remain an influential force on economies for at least a few years from now. This is especially true in the current context when the crisis related to the Covid-19 pandemic has again highlighted the demand from the society for the Government’s intervention role in the economy. Therefore, state-owned companies remain an important element in the range of tools of any Government for creating societal and public value. At the same time, the experience over time has shown that they can both serve as means of correcting market failures, but can themselves become a source of governmental failures, given poor administration or inappropriate presence in certain sectors, which slows down free competition. Based on this context, the governance mechanism of state-owned companies should start from the state's motivations to own companies

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