Abstract:According to OECD (2015), any corporate entity recognized by national law as an enterprise, and in which the state exercises ownership, should be considered as a State-Owned Enterprise (SOE). Although most industrialized economies are characterized by open and competitive markets firmly rooted in the rule of law, with private enterprises as the predominant economic actors yet governments continue to own and operate national commercial enterprises in key industries, making them important actors in the market, i… Show more
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