EXPLORING THE IDIOSYNCRASIES OF STATE-OWNED ENTERPRISES IN THE WHOLE OF GOVERNMENT PICTURE

BELEIU Ioana Natalia CIOLOMIC Ioana-Andreea

Revista Economica, 2020, vol. 72, issue 1, 46-56

Abstract: State-owned enterprises, as controlled entities by governments, are present all over the world as a result of privation, nationalization or on the strength of financial and social issues, representing an important part of the governmental financial situations. The purpose of the paper is to illustrate the complexity surrounding the meaning of the term SOE as controlled entity since this term is crucial for the aim of governments to increase its accountability and transparency. A content analysis of responses to the IPSASB Consultation Paper (CP) concerning SOEs has been used. Based on our study, we conclude that a definition is necessary as emerging countries need to have clearly established boundaries of their financial statements and, most of the time they do not have the necessary resources as professional bodies, qualified personnel, to fulfil their obligations as regulators.

Keywords: State-Owned Enterprises; Public Entities; International Public Sector Accounting Standards; Consultation Paper (search for similar items in EconPapers)
JEL-codes: H71 M41 M48 (search for similar items in EconPapers)
Date: 2020
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