State-Owned Enterprises in the Global Economy

Bałtowski, Maciej; Kwiatkowski, Grzegorz

doi:10.4324/9781003244462

Cited by 8 publications

(8 citation statements)

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“…Over the 15 years we studied, the number of Chinese SOEs on the list increased over sixfold-from 15 to 93, and their share among all SOEs on the list increased from 23% to 66%. This conclusion is in line with the previous study on this topic (Kwiatkowski & Augustynowicz, 2015) and a recent IMF report ( 2020). An increase in the share of SOEs has not been recorded either in the group of other developing countries or in the group of developed countries.…”

Section: Conclusion and Discussionsupporting

confidence: 93%

“…The above‐mentioned publications do not show changes in the share of SOEs over the years. In this area, we can point to the research based on FG 500 lists, covering the years 2005–14 (Kwiatkowski & Augustynowicz, 2015). The results indicate that the share of SOEs in the analyzed categories (number, revenue, assets, employment) increased during the studied period, which the authors attribute mainly to economic growth in China coupled with the continued high share of SOEs in that economy.…”

Section: Literature Reviewmentioning

confidence: 99%

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How much of the world economy is state‐owned? Analysis based on the 2005–20 Fortune Global 500 lists

Kwiatkowski

Gołębiowska

Mroczek

2022

Ann Public Coop Econ

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This paper analyzes the share of state‐owned enterprises on the Fortune Global 500 lists from 2005 to 2020. The purpose is to answer two research questions—what is the share of SOEs among the world's largest companies, and is this share increasing over the years? Regarding studies of large sets of companies, the novelty of this article is the method in which SOEs were identified—based on the criterion of actual corporate control of the state and not the threshold of state ownership. The results show that the share of SOEs in the group of the world's largest companies is higher than indicated in previous similar studies, and this value has increased significantly over the last 15 years. In 2005, there were 64 SOEs on the list; in 2020, there were 141 (with the highest number—142—in 2015). In this period, the share of SOEs in revenues doubled (to almost 30%), in assets more than tripled and the total number of employees from SOEs from the list more than doubled. However, these increases were almost solely due to the growth of the Chinese economy, which resulted in more Chinese SOEs being included on the list.

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Section: Conclusion and Discussionsupporting

confidence: 93%

Section: Literature Reviewmentioning

confidence: 99%

How much of the world economy is state‐owned? Analysis based on the 2005–20 Fortune Global 500 lists

Kwiatkowski

Gołębiowska

Mroczek

2022

Ann Public Coop Econ

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“…This study used secondary data collected from the Thomson Reuters Eikon database, State-owned Enterprises in Indonesia, for a five-year period from 2017 to 2021. The reason for choosing a state-owned enterprise as the subject of investigation is that BUMN is one of the enterprise actors that play an important role in various functions, including (1) market function (economy), (2) control function, (3) development function, (4) ) ) social function, (5) strategic function, and (6) predator function [29].…”

Section: Methodsmentioning

confidence: 99%

Corporate Sustainability and Financial Performance: Evidence from State-owned Enterprises in Indonesia

Sharma,

Sulastri,

Widiyanti

et al. 2024

KSS

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Corporate sustainability is a business approach to meet company needs and create stakeholders’ value in the long term. This is reflected in the company’s sustainable strategic planning and responsibility that is more inclusive and focuses on environmental, social, and corporate governance. This study aims to analyze whether corporate sustainability has an impact on the company’s financial performance. The sample studied consisted of 13 listed State-owned Enterprises (SOEs) in Indonesia for the period 2017–2021. To measure corporate sustainability, independent variables consist of the three pillars of environment, social, and governance or ESG (environment, social, governance). The environmental pillar consists of three categories, namely resource use, emissions, and innovation. While the social pillar consists of four categories, namely labor, human rights, community, and product responsibility. Finally, the governance pillar consists of management, shareholders, and social responsibility strategy. The company’s financial performance which is the dependent variable was measured using data on return on investment (ROI) and return on equity (ROE). Data analysis technique used is Automatic Linear Modeling using SPSS. The results of the study show a positive significant relationship between product responsibility (on the social pillar) with ROI and ROE. On the other hand, there is a negative significant relationship between management (on the governance pillar) to ROI and ROE. While other variables show no significant relationship to both ROI and ROE. The practical impact of this research will help academics, business entities, corporations, policymakers, regulatory authorities, and governments to better understand the relationship between sustainability and financial performance. It can also help companies to operate more effectively and efficiently in implementing corporate sustainability in state-owned enterprises in developing countries such as Indonesia. Keywords: corporate sustainability, ESG, financial performance

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“…In the economy, the Kaczyński regime prefers centralized regulation and state investment as the main vehicles of development instead of foreign direct investment, accompanied by economic xenophobia and gradually extending state control over some parts of the economy via "crawling renationalization" (Kozarzewski and Bałtowski 2019;Rohac 2018). On the other hand, there is no evidence to date that the PiS would seek to replace the economic elite, to expropriate, redistribute, and channel private property into its own fields of interest.…”

Section: Economy and Corruption: Market Economy With State Activism V...mentioning

confidence: 99%

Kaczyński’s Poland and Orbán’s Hungary: Different Forms of Autocracy with Common Right-Wing Frames in the EU

Madlovics¹,

Magyar²

2023

Journal of Right-Wing Studies

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This paper discusses the regimes of Jarosław Kaczyński in Poland (2015–) and Viktor Orbán in Hungary (2010–) from the perspective of a curious paradox: they are very different in functioning but adhere to right-wing ideological frames that are very similar. First, we argue for a dual-level approach to understanding the formal and informal nature of these regimes, and we identify Poland as a conservative autocratic attempt and Hungary as an established patronal autocracy. After a comparative analysis of the two systems, we analyze the regimes’ common ideological frames and explain how legitimacy panels fit the purposes of an ideology-driven regime (Poland) and an ideology-applying one (Hungary). Finally, the analysis is used to explain the divergent responses of the Polish and the Hungarian regimes to the 2022 Russian invasion of Ukraine, which also brought the mutual relations of the two de-democratizing countries in the European Union to a breaking point.

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State-Owned Enterprises in the Global Economy

Cited by 8 publications

References 0 publications

How much of the world economy is state‐owned? Analysis based on the 2005–20 Fortune Global 500 lists

How much of the world economy is state‐owned? Analysis based on the 2005–20 Fortune Global 500 lists

Corporate Sustainability and Financial Performance: Evidence from State-owned Enterprises in Indonesia

Kaczyński’s Poland and Orbán’s Hungary: Different Forms of Autocracy with Common Right-Wing Frames in the EU

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