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State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight
Author:
Bobana Cegar
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and
Mr. Francisco J Parodi
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Series:
IMF Working Papers
Volume/Issue:
Volume 2019: Issue 201
Language:
Bosnian
Publication Date:
30 Sep 2019
DOI:
https://doi.org/10.5089/9781513515977.001
ISBN:
9781513515977
ISSN:
2790-3672
Pages:
43
Keywords:
WP; entity government; government support; return on equity; ownership function; government assets; government policy function; SOE sector
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Content-disclaimer:
This publication is available in PDF format only.
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Based on a new database of State-Owned Enterprise (SOE) financial statements, we find that SOEs in Bosnia and Herzegovina are mostly in poor financial shape. We estimate the overall size and composition of the SOE sector, and identify individual companies that affect fiscal and macroeconomic performance. Financial analysis suggests that SOEs are not contributing enough to the economy. We also review the SOE governance framework and find that governments do not exercise their ownership function in line with WB/OECD guidelines. Reforms to the governance frameworks are necessary to foster transparency and improve accountability. More fundamental reform of the SOE sector might increase overall GDP by 3 percent per year.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2019: Issue 201