State-Owned Enterprise: An Agent Without a Principal

Yair Aharoni

Chapter 14 in Standing on the Shoulders of International Business Giants:In Memory of Yair Aharoni, 2024, pp 205-216 from World Scientific Publishing Co. Pte. Ltd.

Abstract: State-owned enterprises (SOEs) comprise a large and rapidly growing sector of the economy in the majority of countries in the world today. They have been established to achieve a broad array of public policy purposes in very diverse political and economic systems. Typically, they account for half or more of total government investment, and in 1978 the international borrowings alone of public-sector enterprises amounted to more than $30 billion, equal to the total foreign borrowings by central governments in the past year. As international exporters, importers, and investors, SOEs are helping to shape the emerging structure of trade and payments relations in the 1980s. Their presence outside their traditional domain of public utilities is being felt especially in natural-resource-based and modem high-technology industries with high barriers to entry, in which private multinational firms have heretofore taken the lead. They are moving into a dominating position also in senescent industries such as textiles, shipbuilding, and steel, where the government moved in to save present firms from going under…

Keywords: International Business; Internationalization; Strategy; Service Economy; Start-Up High-Technology Companies; High-Technology; Managerial Decision-Making; Business Education; State-Owned Enterprises; Small- and Medium-Sized Enterprises (search for similar items in EconPapers)
JEL-codes: L26 M1 M16 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811287510_0014 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811287510_0014 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789811287510_0014

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().