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Improving State Enterprise Performance: The Role of Internal and ExternalIncentives

机译:提高国有企业绩效:内部和外部激励的作用

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The paper outlines how the corporate form as been developed internationally tobecome the most efficient institution through which commercial activity--in essence the transformation of inputs into outputs--can be carried out. The focus of the paper is on how SOEs might be structured, governed, operated and financed as modern corporations. Based on the broad international empirical research of SOE reform combined with the analysis provided by eight case studies, a number of specific lessons are presented for policy makers and SOE managers. In addition, the paper explores whether there may be systemic limits to SOE reforms which do not address the role of increased private participation in terms of financing, management and ownership.

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