Search results for "State owned"

An Exploration of Organizational Assimilation Among State-Owned, Private-Owned, and Foreign-Invested Enterprises in China

2017

This study explores organizational assimilation in Chinese organizations. To reflect the Chinese context more accurately, the present study compared employees working in three different kinds of organizations: state-owned enterprises (SOEs), private-owned enterprises (POEs), and foreign-invested enterprises (FIEs). Data collected from 220 full-time employees were analyzed using multiple regression analysis. Regression analyses demonstrated that employees’ level of organizational assimilation was significantly influenced by organizational type: Employees in SOEs reported the highest level and employees in FIEs reported the lowest level of organizational assimilation. peerReviewed

Operating and stock market performance of state-owned enterprise privatizations: The Spanish experience

2007

Abstract We investigate the operating and stock market performance of Spanish state-owned enterprises (SOEs) privatized through public share issue offerings (SIPs) from 1990 to 2001, when the last SIP was conducted. We compare the performance of SOEs and privately-owned firms. We find significant operating improvements in Spanish SOEs after the privatization. Specifically, they show significant increases in income efficiency, real sales and employment. Spanish governments tried to minimize the foregone proceeds when selling SOE shares and underpriced them lower than private firms. We relate these results with the pressure of the Maastricht Treaty fiscal criteria, as well as lower informatio…

PRIVATE FINANCING ALTERNATIVES FOR INFRASTRUCTURE OF STATE OWNED ENTERPRISES

2018

The aim of the article is to examine infrastructure classification and assess private financing alternativesfor major groups of physical infrastructure under ownership of state owned enterprises in Latvia.Tasks of the research include examining types infrastructure with a focus on physical infrastructure,explaining importance of physical infrastructure to economy of a country and society, studying physicalinfrastructure financing challenges and problems, conducting a research on a state owned enterprisesin Latvia, which own physical infrastructure, conducting expert interviews to reveal key challenges ofprivate financing alternatives for funding of infrastructure of state owned enterprises …

2020

Abstract We contribute to the research on internationalization of state-owned enterprises (SOEs) by studying the coevolution of state governance of SOEs and SOEs’ evaluation of international venture opportunities during a shift in dominant institutional logic from state to market logic. Using a novel digital historical method to study Telecom Finland, we argue that as state governance mechanisms change due to a logic shift, rationales underlying SOEs’ internationalization can significantly change and impact SOEs’ geographical and partner preferences. However, a logic shift also affords SOEs significant influence over the formation of new state governance policies under the new dominant logi…

Outward Foreign Direct Investment by Chinese National Oil Companies

2015

Developed countries have become increasingly suspicious about the rapid growth of Chinese investments in their home countries and abroad, commonly citing potential threats to national security and global governance as the main sources of anxieties. As a result, policy measures in some developed markets have been put in place to create additional regulation and oversight, specifically in highly regulated and strategic industries, such as the oil sector. This article refutes a number of popular myths about Chinese investments in the global oil industry, and suggests a more rigorous dialogue with the Chinese authorities relating to their integration into international institutions.

ALTERNATIVE MODELS FOR REGIONAL AIRPORTS IN LATVIA

2021

Regional airports play a significant role inpromotion of connectivity and regional development. This is one of reasons whyairports are treated as public assets and in 77 % cases (airportsproviding scheduled air transport services) owned and operated by public sectorin the EU. 71 % of these publicairports have corporatized airport operators. Latviahas threepublic civil aviation airports planned for scheduled flights until 2015: Riga InternationalAirport as well as Liepaja Airportand Ventspils Airport (Kurzeme planning region). Latviacurrently has decentralised operational model of airports. Riga InternationalAirport is owned by state and operatedby a joint stock company.Regional airports are…

From state-owned smokestacks to post-industrial dreams : The Finnish government in business, 1970–2010

2020

While state-owned enterprises (SOEs) used to be considered obsolete tools for governmental intervention in the economy, in recent years governmental intervention in the business sector has re-emerged as a topic of debate. However, scholarship on the changes in and the modernisation of the SOE model is limited. In this article, we examine how the Finnish state’s ownership policy adapted to the requirements of economic globalisation between the 1970s and the 2010s. We show that the attitude towards globalisation was pragmatic and aimed at safeguarding the competitiveness of domestic companies. The state-owned company system was gradually adapted to meet new needs, losing most of its original …