Who’s the BOSs : Shedding New Light on Businesses of the State
Supporters of state presence in economic activities cite the potential for catalyzing growth in new sectors or ensuring the wider availability of goods or services for the public, particularly in response to crisis. However, firms owned by the stat...
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| Language: | English English |
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Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099345008122223322/P1733290c23c720950a9e0033b2850c2acb http://hdl.handle.net/10986/37889 |
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okr-10986-378892022-08-16T05:10:38Z Who’s the BOSs : Shedding New Light on Businesses of the State World Bank INDIRECT STATE OWNERSHIP STATE PARTICIPATION IN FIRMS STATE OWNED ENTERPRISES (SOE) CORPORATE GOVERNANCE REFORM SOE EMPLOYMENT DATA TRANSPARENCY WORLD BANK BOS DATABASE COMPETITION BARRIERS TO COMPETITION WORLD BANK BUSINESS OF THE STATE (BOS) DATABASE Supporters of state presence in economic activities cite the potential for catalyzing growth in new sectors or ensuring the wider availability of goods or services for the public, particularly in response to crisis. However, firms owned by the state are a potential source of market distortions and crowding out of the private sector through subsidies and preferential access to finance and land. The risks are even higher when state-owned enterprises (SOEs), a subset of businesses of the state, have the dual role of market player and regulator by controlling prices and licenses and raising barriers to potential competitors. Before addressing the contributions and difficulties generated by firms with state participation regarding the functioning of markets, counting the full extent of the state’s presence in the economy is critical. The World Bank’s new global Businesses of the the State database marks a big leap forward in gathering the necessary information for analysis. Comprehensive mapping of state ownership captures the extent of a state’s footprint and its links across firms and markets. The BOS database is the first systematic attempt to capture the decision of the state to participate in firms across the corporate sector. Seven new facts extracted from the World Bank’s new Businesses of the State (BOS) Global Database Project show the state’s footprint in commercial activities is bigger than previously captured, and in unexpected places. 2022-08-15T14:38:28Z 2022-08-15T14:38:28Z 2022 Brief http://documents.worldbank.org/curated/en/099345008122223322/P1733290c23c720950a9e0033b2850c2acb http://hdl.handle.net/10986/37889 English en Equitable Growth, Finance and Institutions Notes; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research Knowledge Notes :: Miscellaneous Knowledge Notes |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English English |
| topic |
INDIRECT STATE OWNERSHIP STATE PARTICIPATION IN FIRMS STATE OWNED ENTERPRISES (SOE) CORPORATE GOVERNANCE REFORM SOE EMPLOYMENT DATA TRANSPARENCY WORLD BANK BOS DATABASE COMPETITION BARRIERS TO COMPETITION WORLD BANK BUSINESS OF THE STATE (BOS) DATABASE |
| spellingShingle |
INDIRECT STATE OWNERSHIP STATE PARTICIPATION IN FIRMS STATE OWNED ENTERPRISES (SOE) CORPORATE GOVERNANCE REFORM SOE EMPLOYMENT DATA TRANSPARENCY WORLD BANK BOS DATABASE COMPETITION BARRIERS TO COMPETITION WORLD BANK BUSINESS OF THE STATE (BOS) DATABASE World Bank Who’s the BOSs : Shedding New Light on Businesses of the State |
| relation |
Equitable Growth, Finance and Institutions Notes; |
| description |
Supporters of state presence in
economic activities cite the potential for catalyzing growth
in new sectors or ensuring the wider availability of goods
or services for the public, particularly in response to
crisis. However, firms owned by the state are a potential
source of market distortions and crowding out of the private
sector through subsidies and preferential access to finance
and land. The risks are even higher when state-owned
enterprises (SOEs), a subset of businesses of the state,
have the dual role of market player and regulator by
controlling prices and licenses and raising barriers to
potential competitors. Before addressing the contributions
and difficulties generated by firms with state participation
regarding the functioning of markets, counting the full
extent of the state’s presence in the economy is critical.
The World Bank’s new global Businesses of the the State
database marks a big leap forward in gathering the necessary
information for analysis. Comprehensive mapping of state
ownership captures the extent of a state’s footprint and its
links across firms and markets. The BOS database is the
first systematic attempt to capture the decision of the
state to participate in firms across the corporate sector.
Seven new facts extracted from the World Bank’s new
Businesses of the State (BOS) Global Database Project show
the state’s footprint in commercial activities is bigger
than previously captured, and in unexpected places. |
| format |
Brief |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Who’s the BOSs : Shedding New Light on Businesses of the State |
| title_short |
Who’s the BOSs : Shedding New Light on Businesses of the State |
| title_full |
Who’s the BOSs : Shedding New Light on Businesses of the State |
| title_fullStr |
Who’s the BOSs : Shedding New Light on Businesses of the State |
| title_full_unstemmed |
Who’s the BOSs : Shedding New Light on Businesses of the State |
| title_sort |
who’s the boss : shedding new light on businesses of the state |
| publisher |
Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099345008122223322/P1733290c23c720950a9e0033b2850c2acb http://hdl.handle.net/10986/37889 |
| _version_ |
1764488067533504512 |