State Capitalism in ASEAN: The State-Owned Enterprises Under the ASEAN Regional Competition Policy

Svetlicinii, Alexandr

doi:10.1007/16517_2021_7

Cited by 1 publication

(1 citation statement)

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“…At present, developing countries are the main entities facing the challenge of competition neutrality. Gaur, Seema [23] studied the competitive neutrality in India; Nawawi et al [24] studied the management and competitive neutrality of state-owned enterprises in Malaysia; Alice, Pham [25] and Tang Van et al [26] studied the state-owned enterprises and competitive neutrality in Vietnam; and Svetlicini [27] studied competitive neutrality in the Association of Southeast Asian Nations. Developing countries are generally faced with the challenge of competitive neutrality.…”

Section: Literature Reviewmentioning

confidence: 99%

Research on Competitive Neutrality of SOEs with Special Functions in China

Duan

Kang

2022

Sustainability

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A Deviation from competitive neutrality is one of the main problems faced by Chinese state-owned enterprises. Based on the orientation of the classification reform of state-owned enterprises to all kinds of enterprises, we discuss the competitive neutrality of state-owned enterprises with special functions from the perspectives of enterprise policy burden and enterprise profits. The research herein shows that state-owned enterprises, as the main entities of policy burden, have undertaken social responsibilities such as helping the government to stabilize employment, which has caused problems such as creating redundant employees, reducing the efficiency of employees, and reducing the profits of enterprises. To make up for the loss of profits of enterprises that bear the policy burden, the government provides them with implicit guarantees, which makes it easier for them to obtain bank loans and other external factors, and the asset–liability ratio of enterprises increases, which comprises the problem concerning a deviation from competitive neutrality that the United States and other western countries have surmised. However, the empirical study found that the deviation from competitive neutrality in financing actually reduced the profits of enterprises, that is, the state-owned enterprises faced a certain competitive disadvantage. Based on the research conclusion herein, this paper puts forward some enlightening findings on state-owned enterprise reform.

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Section: Literature Reviewmentioning

confidence: 99%