Finding Balance 2016

Benchmarking the Performance of State-Owned Enterprise in Island Countries

Business & Finance, Finance & Investing, Corporate Finance, Business Reference
Cover of the book Finding Balance 2016 by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292575823
Publisher: Asian Development Bank Publication: September 1, 2016
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292575823
Publisher: Asian Development Bank
Publication: September 1, 2016
Imprint: Asian Development Bank
Language: English

Pacific state-owned enterprises (SOEs) are often formed to increase service delivery effectiveness and accountability. However, historical and financial indicators show that long-term government ownership of SOEs often result in outcomes counter to these goals. Weak governance and regulatory frameworks make it difficult for SOEs to operate on strict commercial principles over the long term. This fifth study of SOE performance in the Pacific emphasizes political commitment to reform as a key driver for commercial results, as demonstrated by the experience of each of the countries benchmarked. This report was produced by the Pacific Private Sector Development Initiative, a regional technical assistance facility cofinanced by ADB, the Government of Australia, and the Government of New Zealand.

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Pacific state-owned enterprises (SOEs) are often formed to increase service delivery effectiveness and accountability. However, historical and financial indicators show that long-term government ownership of SOEs often result in outcomes counter to these goals. Weak governance and regulatory frameworks make it difficult for SOEs to operate on strict commercial principles over the long term. This fifth study of SOE performance in the Pacific emphasizes political commitment to reform as a key driver for commercial results, as demonstrated by the experience of each of the countries benchmarked. This report was produced by the Pacific Private Sector Development Initiative, a regional technical assistance facility cofinanced by ADB, the Government of Australia, and the Government of New Zealand.

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