Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure

In this report, the authors investigate state-owned enterprise (SOE) listings as a solution to promote local capital markets development. Thus, SOE listings can offer governments an enormous opportunity to kick-start the development of their local...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	STATE-OWNED ENTERPRISES EMERGING MARKET ECONOMIES CAPITAL MARKETS
Online Access:	http://documents.worldbank.org/curated/en/984431624443117178/Listing-State-Owned-Enterprises-in-Emerging-and-Developing-Economies-Lessons-Learned-from-30-Years-of-Success-and-Failure http://hdl.handle.net/10986/35919

id	okr-10986-35919
recordtype	oai_dc
spelling	okr-10986-359192022-04-19T05:10:33Z Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure World Bank STATE-OWNED ENTERPRISES EMERGING MARKET ECONOMIES CAPITAL MARKETS In this report, the authors investigate state-owned enterprise (SOE) listings as a solution to promote local capital markets development. Thus, SOE listings can offer governments an enormous opportunity to kick-start the development of their local capital markets while achieving other divestment objectives, such as harnessing the SOE’s value and raising fiscal revenue. In this report, the authors aim to shed light on this question by investigating emerging and developing economies (EMDE’s) experience with SOE listings over the past 30 years. The authors combine a thorough literature review with a case study analysis of 14 frontier and emerging markets, including interviews with key stakeholders from the public and private sector. In particular, the authors aim to answer the following three questions: (1) what has been the impact of SOE listings on local capital markets development in EMDEs?; (2) what have been the pre-conditions to successfully list a SOE?; and (3) once listed, what have been the drivers for creating a positive impact on capital markets development? Because listings have significant effects on the broader economy and potentially harness the value of SOEs in a different way, this report also attempts to evaluate the impact of SOE listings on other key economic variables - in particular firm performance, the quality of public service delivery, employment, wealth distribution, and fiscal revenue. The sole objective is to provide policymakers with sufficient information to make an educated decision on whether or not SOE listings are a suitable solution for their respective country. 2021-07-15T14:43:27Z 2021-07-15T14:43:27Z 2021-06-23 Report http://documents.worldbank.org/curated/en/984431624443117178/Listing-State-Owned-Enterprises-in-Emerging-and-Developing-Economies-Lessons-Learned-from-30-Years-of-Success-and-Failure http://hdl.handle.net/10986/35919 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Public Sector Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	STATE-OWNED ENTERPRISES EMERGING MARKET ECONOMIES CAPITAL MARKETS
spellingShingle	STATE-OWNED ENTERPRISES EMERGING MARKET ECONOMIES CAPITAL MARKETS World Bank Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure
description	In this report, the authors investigate state-owned enterprise (SOE) listings as a solution to promote local capital markets development. Thus, SOE listings can offer governments an enormous opportunity to kick-start the development of their local capital markets while achieving other divestment objectives, such as harnessing the SOE’s value and raising fiscal revenue. In this report, the authors aim to shed light on this question by investigating emerging and developing economies (EMDE’s) experience with SOE listings over the past 30 years. The authors combine a thorough literature review with a case study analysis of 14 frontier and emerging markets, including interviews with key stakeholders from the public and private sector. In particular, the authors aim to answer the following three questions: (1) what has been the impact of SOE listings on local capital markets development in EMDEs?; (2) what have been the pre-conditions to successfully list a SOE?; and (3) once listed, what have been the drivers for creating a positive impact on capital markets development? Because listings have significant effects on the broader economy and potentially harness the value of SOEs in a different way, this report also attempts to evaluate the impact of SOE listings on other key economic variables - in particular firm performance, the quality of public service delivery, employment, wealth distribution, and fiscal revenue. The sole objective is to provide policymakers with sufficient information to make an educated decision on whether or not SOE listings are a suitable solution for their respective country.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure
title_short	Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure
title_full	Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure
title_fullStr	Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure
title_full_unstemmed	Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure
title_sort	listing state-owned enterprises in emerging and developing economies : lessons learned from 30 years of success and failure
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/984431624443117178/Listing-State-Owned-Enterprises-in-Emerging-and-Developing-Economies-Lessons-Learned-from-30-Years-of-Success-and-Failure http://hdl.handle.net/10986/35919
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Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure

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