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Improving state enterprise performance : the role of internal and external incentives (English)

The central objective of the research summarized in this report was to explore the ways and means of reforming state-owned enterprises (SOEs) to achieve efficiency, profitability and accountability. Specifically, this project sought to: 1) survey international experience in SOE reform; 2) develop models and identify key factors for successful reform; and 3) formulate recommendations. The research was two-pronged. First, eight case studies of large, industrial SOEs in the tradeables sector in OECD and non-OECD countries were developed. Second, since a key defining characteristic of international SOE reforms has been the reorganization of SOEs into the corporate form, considerable attention is given to analysis of the corporate form, in particular its fundamental attributes and the dynamic interplay of its internal organization and critical external market factors. In this analysis, the three most common international models of corporate organization are considered. Taking into account the case studies and the corporate analysis, the report focuses on how SOEs might be reformed as modern corporations; what incentives are needed to achieve the reform goals and the systemic limits to reform. Finally, recommendations for specific actions to enhance, sustain and lock-in reform gains are offered.

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Citation

Muir, Russell Saba, Joseph P.

Improving state enterprise performance : the role of internal and external incentives (English). World Bank technical paper ; no. WTP 306 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/489021468186871150/Improving-state-enterprise-performance-the-role-of-internal-and-external-incentives