Governance in State-Owned Enterprises Revisited: The Cases of Water and Electricity in Latin America and the Caribbean
This paper studies the governance structure of state-owned enterprises in the water and electricity sectors of Latin America and the Caribbean. Through a unique dataset, the paper compares 44 leading state companies of the region based on an aggregate measure of corporate governance and six salient...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2011
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Online-Zugang: | kostenfrei |
Zusammenfassung: | This paper studies the governance structure of state-owned enterprises in the water and electricity sectors of Latin America and the Caribbean. Through a unique dataset, the paper compares 44 leading state companies of the region based on an aggregate measure of corporate governance and six salient aspects of their design: board, chief executive officer, performance orientation, management, legal framework, and transparency/disclosure. The results indicate the need for improvement in areas such as the selection and appointment of directors to the board and the performance-orientation of the enterprises. The paper also highlights the importance of discussing the management of state-owned enterprises in the wider context of public sector governance, with particular focus on accountability. Moreover, it recognizes the role of accountability as central in the management of state-owned enterprises, recommending a better understanding of regulation and performance management. The paper finds a positive correlation between corporate governance and the utilities' performance. Among the different aspects of corporate governance, performance orientation and professional management seem to be the highest contributors to well-performing state-owned enterprises. State-owned enterprises in the electricity sector show higher governance levels than those in the water sector |
Beschreibung: | 1 Online-Ressource (28 p) |
DOI: | 10.1596/1813-9450-5747 |
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spellingShingle | Andrés, Luis Alberto Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean |
title | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean |
title_auth | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean |
title_exact_search | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean |
title_exact_search_txtP | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean |
title_full | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean Luis Alberto Andrés |
title_fullStr | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean Luis Alberto Andrés |
title_full_unstemmed | Governance in State-Owned Enterprises Revisited The Cases of Water and Electricity in Latin America and the Caribbean Luis Alberto Andrés |
title_short | Governance in State-Owned Enterprises Revisited |
title_sort | governance in state owned enterprises revisited the cases of water and electricity in latin america and the caribbean |
title_sub | The Cases of Water and Electricity in Latin America and the Caribbean |
url | https://doi.org/10.1596/1813-9450-5747 |
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