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2021 | OriginalPaper | Buchkapitel

1. Strategy, Independence, and Governance of State-Owned Enterprises in Asia

Autor: Henrique Schneider

Verlag: Springer Singapore

Erschienen in: Reforming State-Owned Enterprises in Asia

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Abstract

State-owned enterprises (SOEs)—refer to Sect. 1.2.1 below for a definition—are important, especially in an Asian context. According to Fortune Magazine’s (2018) 500 list, three out of the world’s top-10 largest companies by revenues were Chinese SOEs: State Grid (rank 2), Sinopec (rank 3), and China National Petroleum (rank 4). Depending on the degree of direct and indirect government support, the next five ranks contain at least a group of near-state enterprises—near-state meaning companies in which the state either is a minor shareholder or has an institutionalized stake: Royal Dutch Shell, Toyota Motor, Volkswagen, BP, and Exxon Mobil. This only leaves two of the world’s ten largest companies neither belonging to nor being backed by the state, Walmart (rank 1) and Berkshire Hathaway (rank 10).

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Titel

Strategy, Independence, and Governance of State-Owned Enterprises in Asia

Buch

Reforming State-Owned Enterprises in Asia

Print ISBN: 978-981-15-8573-9

Electronic ISBN: 978-981-15-8574-6

https://doi.org/10.1007/978-981-15-8574-6

DOI

https://doi.org/10.1007/978-981-15-8574-6_1

Autor:

Henrique Schneider

Verlag

Springer Singapore

Sequenznummer

Kapitelnummer

Chapter 1

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