02006cas a2200301 a 4500 AALejournalIMF022519 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400202452 1018-5941 BD-DhAAL BD-DhAAL Wezel, Torsten. The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa / Torsten Wezel, Naly Carvalho. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (32 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 Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and overleveraged. In cross-sectional regressions we find that SOE debt stock sustainability is impacted by firms' profitability and liquidity, while macroeconomic factors cannot be shown to matter, expect for some governance variables. Based on these findings and citing country examples, we also illustrate that weak SOE performance may have a macrofinancial impact affecting bank soundness through delinquent loan exposures. Mode of access: Internet Economic History imf Firm Performance imf Public Enterprises imf Public-Private Enterprises imf Carvalho, Naly. IMF Working Papers; Working Paper ; No. 2022/056 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/056/001.2022.issue-056-en.xml IMF e-Library