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State Ownership (state + ownership)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting75%

Selected Abstracts

Cost Efficiency in South Asian Banking: The Impact of Bank Size, State Ownership and Stock Exchange Listings,

INTERNATIONAL REVIEW OF FINANCE, Issue 1-2 2007
SHRIMAL PERERA
ABSTRACT This study examines the cost efficiency performance of 111 commercial banks in Bangladesh, India, Pakistan and Sri Lanka over 1997,2004. The primary focus is to assess whether bank size, state ownership and stock exchange listing have significant effects on South Asian banks' efficiency performance. To this end, a translog-form composite-error cost efficiency model, which allows for exogenous environmental influences, is estimated. The results indicate that the overall efficiency of South Asian banks declined over 1997,2004. Larger banks and banks with widespread ownership through stock exchange listings were found to be relatively more cost efficient. In contrast, state-owned banks were less efficient. [source]

Fragments of Economic Accountability and Trade Policy

FOREIGN POLICY ANALYSIS, Issue 2 2007
RYAN KENNEDY
While there has been a prodigious amount of literature on trade policy written in the past two decades, very little of that literature has dealt with countries in economic transition or nondemocratic regimes. There has also been a lack of work dealing with state interests in trade policy beyond realpolitik discussions of national security. This article seeks to fill some of these gaps through a study of two samples: one of liberalization in 25 post-Communist countries between the years 1991 and 1999 and the other of 124 countries from around the world in 1997. The study concludes that a key element in the choice between free trade and protectionism is the level of "fragmentation of economic accountability." Such fragmentation consists of two major components: (1) the existence of a strong capitalist class that is independent of the government; and (2) the dispersion of political power among actors both inside and outside the government. Where the government is more accountable to a wide range of interests, policies are more likely to be aligned with market mechanisms, encouraging the adoption of reforms, including the liberalization of trade policy. This article builds on the conclusions of Frye and Mansfield in several ways: (1) it embeds political fragmentation into a larger theoretical framework of economic accountability of government institutions; (2) it introduces the importance of state ownership in shaping government interests; (3) it introduces an idea of social, not just institutional, accountability; and (4) it proposes a statist view of trade policy that is lacking in the present literature. [source]

Cost Efficiency in South Asian Banking: The Impact of Bank Size, State Ownership and Stock Exchange Listings,

INTERNATIONAL REVIEW OF FINANCE, Issue 1-2 2007
SHRIMAL PERERA
ABSTRACT This study examines the cost efficiency performance of 111 commercial banks in Bangladesh, India, Pakistan and Sri Lanka over 1997,2004. The primary focus is to assess whether bank size, state ownership and stock exchange listing have significant effects on South Asian banks' efficiency performance. To this end, a translog-form composite-error cost efficiency model, which allows for exogenous environmental influences, is estimated. The results indicate that the overall efficiency of South Asian banks declined over 1997,2004. Larger banks and banks with widespread ownership through stock exchange listings were found to be relatively more cost efficient. In contrast, state-owned banks were less efficient. [source]

Latin American militancy grows

OIL AND ENERGY TRENDS, Issue 2 2007
Article first published online: 19 FEB 200
The growing nationalism of some Latin American governments is worrying international investors. Nationalization is back on the agenda in several countries and foreign oil companies are coming under other forms of official pressure, for example through a series of tax probes that conclude by presenting their victims with demands for large additional payments. The nationalists are particularly strong in Venezuela, Bolivia and Ecuador. Some countries, though, are resisting the lure of state ownership. Peru has assured investors that it is well-disposed to outside investment and undoubtedly hopes to attract companies displaced from its more militant neighbours. [source]