Strategy, Independence, and Governance of State-Owned Enterprises in Asia

Henrique Schneider ()
Additional contact information
Henrique Schneider: Nordkademie University of Applied Sciences

Chapter Chapter 1 in Reforming State-Owned Enterprises in Asia, 2021, pp 3-20 from Springer

Abstract: Abstract State-owned enterprises (SOEs)—refer to Sect. 1.2.1 below for a definition—are important, especially in an Asian context. According to Fortune Magazine’s (2018) 500 list, three out of the world’s top-10 largest companies by revenues were Chinese SOEs: State Grid (rank 2), Sinopec (rank 3), and China National Petroleum (rank 4). Depending on the degree of direct and indirect government support, the next five ranks contain at least a group of near-state enterprises—near-state meaning companies in which the state either is a minor shareholder or has an institutionalized stake: Royal Dutch Shell, Toyota Motor, Volkswagen, BP, and Exxon Mobil. This only leaves two of the world’s ten largest companies neither belonging to nor being backed by the state, Walmart (rank 1) and Berkshire Hathaway (rank 10).

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:adbchp:978-981-15-8574-6_1

Ordering information: This item can be ordered from
http://www.springer.com/9789811585746

DOI: 10.1007/978-981-15-8574-6_1

Access Statistics for this chapter

More chapters in ADB Institute Series on Development Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().