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    Strategy, Independence, and Governance of State-Owned Enterprises in Asia

    Schneider, Henrique | August 2019
    Abstract
    New public management emphasizes the organizational and behavioral aspects of state-owned enterprises (SOEs). The main assumption is that, if governments constitute SOEs as “market” enterprises and allow their management to follow the logic of the “market,” SOEs will become productive, innovative, and customer-oriented. This paper claims that, although new public management is a necessary condition, it is not sufficient for guiding (or reforming) SOEs. Strategic guidance from the owner (i.e. the state) as well as independence from the government have to complement it. The strategic guidance that the owner gives to an SOE has to address several areas of guidance. Ideally, it parallels the ownership strategies that are typical of more mature family enterprises. On the other hand, once the ownership strategy is in place, SOEs have to maintain their independence from the government, that is, its owners, to avoid co-option from political goals or short-term deviations from the strategy.
    Citation
    Schneider, Henrique. 2019. Strategy, Independence, and Governance of State-Owned Enterprises in Asia. © Asian Development Bank Institute. http://hdl.handle.net/11540/10923.
    Keywords
    Development Economics
    Regional Economic Development
    Economic Impact
    Asian Development Bank
    Development
    Economic Boom
    Regional Economic Integration
    Good Governance
    Governance Approach
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Government
    Government accounting
    Governance
    Good Governance
    Governance Approach
    Governance Capacity
    Governance Models
    Governance Quality
    Political Leadership
    Political Power
    Institutional Framework
    Government
    Government accounting
    Social planning
    Social policy
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Institutional Framework
    Public Administration
    Business Ethics
    Political Leadership
    State-owned
    State-owned enterprises
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West trade
    Government
    Political obligation
    Public management
    Government accountability
    Transparency in government
    Political ethics
    Government spending policy
    Government services
    Democracy
    Democratization
    Elections
    Local government
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    Citable URI
    http://hdl.handle.net/11540/10923
    Metadata
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    adbi-wp986.pdf (190.4Kb)
    Author
    Schneider, Henrique
    Theme
    Economics
    Governance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise