State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector (English)

This paper examines the effects of a negative macroeconomic shock on the financial performance of state-owned enterprises (SOEs) in infrastructure. It exploits the differential effects of a drastic fall in oil prices (in 2014–15) on SOEs in energy-rich countries relative to SOEs in non-energy-rich countries, matching firms based on their fuel expense ratio. The results—based on a balanced sample using coarsened exact matching and a differences-in-differences...

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Author

Herrera Dappe,Matias;

Musacchio,Aldo;

Pan,Carolina;

Semikolenova,Yadviga Viktorivna;

Turkgulu,Burak;

Barboza,Jonathan;
Document Date
2022/03/21
Document Type
Policy Research Working Paper
Report Number
WPS9971
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2022/03/21
Disclosure Status
Disclosed
Doc Name
State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector
Keywords
negative shock

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Citation

Herrera Dappe,Matias; Musacchio,Aldo; Pan,Carolina; Semikolenova,Yadviga Viktorivna; Turkgulu,Burak; Barboza,Jonathan.

State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector (English). Policy Research working paper|no. WPS 9971 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/860131647884943680

State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector (English)

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