The economic performance of state-owned enterprises in Central and Eastern Europe

Katarzyna Szarzec , Wanda Nowara


This article explores the economic performance of state ownership in the largest non-financial enterprises operating in 13 post-socialist Central and Eastern European (CEE) countries over the period 2007–2013. The largest state-owned enterprises (SOEs) are selected based on the ‘Coface – 500 Top Companies in CEE’ list in 2013. Of these 500 enterprises, 69 were identified as state-owned. All originated in the socialist period. The majority of them are from Poland and Ukraine. SOEs hold a dominant position in energy supply, the oil and gas sector, and transport. We find that the persistence of state ownership in post-socialist countries is caused by incomplete privatisation and the presence of SOEs within strategic sectors. The economic performance of the largest state-owned companies is, on average, comparable to their private counterparts.
Author Katarzyna Szarzec (WE / KMiBR)
Katarzyna Szarzec,,
, Wanda Nowara - Urząd Statystyczny w Poznaniu
Wanda Nowara,,
Journal seriesPost-Communist Economies, ISSN 1463-1377, (A 20 pkt)
Issue year2017
Publication size in sheets0.8
Keywords in EnglishLargest state-owned enterprises, ownership structure, Central and Eastern Europe (CEE), post-socialist countries
ASJC Classification2002 Economics and Econometrics
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 26-03-2020, ArticleFromJournal
Publication indicators WoS Citations = 0; Scopus SNIP (Source Normalised Impact per Paper): 2017 = 0.954; WoS Impact Factor: 2017 = 0.541 (2) - 2017=0.773 (5)
Citation count*19 (2020-08-14)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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