Książki

This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance.

SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed.

The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.

Reforming State-Owned Enterprises in Asia: Challenges and Solutions

Section 1: Corporate Governance, Strategy and the Legal framework

Chapter 1: Strategy, Independence, and Governance of State-owned Enterprises in Asia

Henrique Schneider

Chung-a Park and Hans Christiansen

Chapter 3: Regulatory Frameworks for Reforms of State-Owned Enterprises in Thailand and Malaysia

Chapter 5: State-owned Enterprises in Uzbekistan: Taking Stock and Some Reform Priorities

Umidjon Abdullaev

Section 2: Privatization: Challenges and Solutions

Keun Jung Lee

Chapter 7: The Privatization of Japan Railway and Japan Post: Why, How, and Now

Chul Ju Kim and Michael C. Huang

Chapter 9: Privatization of Iranian State-Owned Enterprises: Barriers and Policy Recommendations

Mohsen Fazelian, Hooman Peimani, and Farhad Taghizadeh-Hesary

Section 3: Evaluation of Performance and Country Studies

Chapter 10. Necessity of Developing a Comprehensive Evaluation Framework for SOEs

Farhad Taghizadeh-Hesary, Naoyuki Yoshino, Chul Ju Kim, Aline Mortha

Chapter 11: Is the Management Evaluation System of State-Owned Enterprises in the Republic of Korea a Good Tool for Better Performance?

Jhungsoo Park, Jina Kim, Chul Ju Kim

Chapter 12: State-owned Enterprise Reform in Viet Nam: Progress and Challenges

Le Ngoc Dang, Dinh Dung, and Farhad Taghizadeh-Hesary

Monzur Hossain

Youngho Chang

Chapter 15: Obstacles to Doing Business in Asia: Cross-Country Analysis for State-Owned Enterprises and Private Firms

Thai-Ha Le, Farhad Taghizadeh-Hesary, and Canh Phuc Nguyen

Chapter 16: State-Ownership and Nationalisation in the Energy Sector: The Case Of Kazakhstan's Oil Industry

Serik Orazgaliyev