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State ownership and firm performance : Evidence from Korean SOEs

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Frame of Image 
2011
Professor Joong-Ho Han
ABSTRACT
State Ownership and Firm Performance: Evidence from Korean SOEs
By
Moon Su, Kim
Privately owned firms have been believed to be more efficient and perform better than state owned firms. Despite the notion, the evidence on state owned firms in Korea is scant. After comparing the performances of privately owned firms and government owned firms, we find that privately owned firms have lower profitability with a higher debt ratio. However, among state owned firms, both partial and full privatization improved profitability while reducing employment and liabilities. In summary, our findings support the claim that the less controlled a state owned firm is by the government, the more positive impact it will have on the firm performance.
TABLE OF CONTENTS
Introduction…………………………………………………………….......................
1
I. Literature review …………………………………………………………….......... a. State owned firm versus privately owned firm b. Privatization and Firm performance
3
II. A comparison between privately owned firms and state owned firms................. a. Data b. Methods c. Results
6
III. Partial privatization and performance analysis.................................................. a. Data and method b. Results
11
IV. Privatization and performance analysis.............................................................. a. Data and method b. Change of performance
14
V. Summary and Conclusion........................................................................


Full Text
Title State ownership and firm performance
Similar Titles
Sub Title

Evidence from Korean SOEs

Material Type Reports
Author(English)

Kim, Moon Su

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2011
Pages 32
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Entrepreneurship
Holding KDI School of Public Policy and Management

Abstract

Privately owned firms have been believed to be more efficient and perform better than
state owned firms. Despite the notion, the evidence on state owned firms in Korea is scant.
After comparing the performances of privately owned firms and government owned firms,
we find that privately owned firms have lower profitability with a higher debt ratio. However, among state owned firms, both partial and full privatization improved profitability while
reducing employment and liabilities. In summary, our findings support the claim that the less
controlled a state owned firm is by the government, the more positive impact it will have on the firm performance.

User Note

Thesis(Master)