02087cas a2200241 a 4500 AALejournalIMF017887 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484315163 1018-5941 BD-DhAAL BD-DhAAL Bower, Uwe. State-Owned Enterprises in Emerging Europe : The Good, the Bad, and the Ugly / Uwe Bower. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students State-owned enterprises (SOEs) play an important role in Emerging Europe's economies, notably in the energy and transport sectors. Based on a new firm-level dataset, this paper reviews the SOE landscape, assesses SOE performance across countries and vis-a-vis private firms, and evaluates recent SOE governance reform experience in 11 Emerging European countries, as well as Sweden as a benchmark. Profitability and efficiency of resource allocation of SOEs lag those of private firms in most sectors, with substantial cross-country variation. Poor SOE performance raises three main risks: large and risky contingent liabilities could stretch public finances; sizeable state ownership of banks coupled with poor governance could threaten financial stability; and negative productivity spillovers could affect the economy at large. SOE governance frameworks are partly weak and should be strengthened along three lines: fleshing out a consistent ownership policy; giving teeth to financial oversight; and making SOE boards more professional. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/221 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/221/001.2017.issue-221-en.xml IMF e-Library