The economic performance of state-owned enterprises in Central and Eastern Europe
Katarzyna Szarzec , Wanda Nowara
AbstractThis 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.
|Journal series||Post-Communist Economies, ISSN 1463-1377, (A 20 pkt)|
|Publication size in sheets||0.8|
|Keywords in English||Largest state-owned enterprises, ownership structure, Central and Eastern Europe (CEE), post-socialist countries|
|Score||= 20.0, 26-03-2020, ArticleFromJournal|
|Publication indicators||= 0; : 2017 = 0.954; : 2017 = 0.541 (2) - 2017=0.773 (5)|
|Citation count*||13 (2020-01-14)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.