SOE rot: a worldwide phenomenon
New evidence is that the more corrupt a country is, the more corrupt its SOEs are likely to be. And when management fails to act against corruption it tends to become normalised
19 December 2019 - 05:00
Corruption and state-owned enterprises (SOEs) are virtually synonymous worldwide. But if governance and oversight can be tightened up, the performance gains can be significant.
In fact, SOEs can perform as well as private firms when corruption is low...
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