GeraltofRivia
FULL MEMBER
- Joined
- Sep 30, 2016
- Messages
- 692
- Reaction score
- 5
- Country
- Location
Exactly, as long as SOE runs like a private enterprises and operates in a market economy (ie full competition), the ownership is not that relevant.China got tonnes of State owned companies run by proffesional with government roles just owning large share holder or rights and let the SOE pick up their own managerial staff through share holder meeting. The almost same case happened in Indonesia, Malaysia and Singapore, the government just sit and reap the benefit through dividen shares and annual tax, and only intervene when sit hit the fan or extraordinary cases.
Apart from SOE, there are council owned enterprises and community owned enterprises (eg utility companies), which are proven just as efficient and as profitable as private ones.
Last edited: