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Implications of the diverse objectives of MENA state-owned enterprises
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | Extra-commercial objectives pursued by SOEs have a number of implications on MENA economies. First, SOEs, much as the overall public sector, are often forced to create employment opportunities in order to absorb excess labour force, in detriment to their productivity. Secondly, SOEs’ social objectives and the manner in which they are compensated for fulfilling them, have serious implications for the emergence of a level-playing field between state-owned and private sector incumbents. Third, the lack of transparency and accountability in some SOEs has led to the emergence of allegations, and in some instances evidence, of corruption in these companies. Taken together, these trends have created a situation where many SOEs are either unprofitable or loss-making, weighing heavily on government budgets which are under significant strain in recent years in most countries of the region. Good corporate governance for SOEs is increasingly seen as part of the solution to the corruption and even performance-related challenges faced by SOEs. |
| Page Count | 48 |
| Starting Page | 59 |
| Ending Page | 106 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2013-10-21 |
| Access Restriction | Open |
| Subject Keyword | Governance Industry and Services |
| Content Type | Text |
| Resource Type | Chapter |
