Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs).
This paper focuses on the fiscal risks created by state-owned enterprises (SOEs). It analyzes the main sources of such risks, in particular flaws in their fiscal, including quasi-fiscal operations; excessive extraction of SOEs resources by their owner governments; preferential access of SOEs to fina...
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Facultad de Ciencias Económicas - UNCUYO
2019
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Acceso en línea: | https://revistas.uncu.edu.ar/ojs3/index.php/cuyonomics/article/view/1807 |
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I11-R104article-18072021-08-27T16:43:59Z Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). Ter-Minassian, Teresa This paper focuses on the fiscal risks created by state-owned enterprises (SOEs). It analyzes the main sources of such risks, in particular flaws in their fiscal, including quasi-fiscal operations; excessive extraction of SOEs resources by their owner governments; preferential access of SOEs to financing; and information asymmetries between the SOEs and their owners. These are illustrated with reference to selected country experiences, mainly in Latin America. Based on this analysis, the paper outlines a number of policy recommendations to identify and mitigate such risks.Este artículo se centra en los riesgos fiscales creados por las empresas estatales. Analiza las principales fuentes de esos riesgos, en particular las fallas en sus operaciones fiscales, incluidas las cuasifiscales; la extracción excesiva de los recursos de las empresas estatales por parte de los gobiernos; el acceso preferencial de estas empresas a la financiación y las asimetrías de información entre ellas y sus propietarios. Todo esto se ejemplifica mediante las experiencias de países seleccionados, principalmente en América Latina. Basado en este análisis, el trabajo describe una serie de recomendaciones de políticas para identificar y mitigar dichos riesgos. Facultad de Ciencias Económicas - UNCUYO 2019-04-05 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.uncu.edu.ar/ojs3/index.php/cuyonomics/article/view/1807 Cuyonomics. Investigaciones en Economía Regional; Vol. 3 Núm. 3 (2019): diciembre-mayo; 81-110 2591-555X 2591-555X spa https://revistas.uncu.edu.ar/ojs3/index.php/cuyonomics/article/view/1807/1320 https://creativecommons.org/licenses/by-nc-sa/4.0 |
institution |
Universidad Nacional de Cuyo |
building |
Revistas en línea |
filtrotop_str |
Revistas en línea |
collection |
Cuyonomics. Investigaciones en Economía Regional |
journal_title_str |
Cuyonomics. Investigaciones en Economía Regional |
institution_str |
I-11 |
repository_str |
R-104 |
language |
spa |
format |
Online |
author |
Ter-Minassian, Teresa |
spellingShingle |
Ter-Minassian, Teresa Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). |
author_facet |
Ter-Minassian, Teresa |
author_sort |
Ter-Minassian, Teresa |
title |
Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). |
title_short |
Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). |
title_full |
Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). |
title_fullStr |
Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). |
title_full_unstemmed |
Identifying and Mitigating Fiscal Risks from State-Owned Enterprises (SOEs). |
title_sort |
identifying and mitigating fiscal risks from state-owned enterprises (soes). |
description |
This paper focuses on the fiscal risks created by state-owned enterprises (SOEs). It analyzes the main sources of such risks, in particular flaws in their fiscal, including quasi-fiscal operations; excessive extraction of SOEs resources by their owner governments; preferential access of SOEs to financing; and information asymmetries between the SOEs and their owners. These are illustrated with reference to selected country experiences, mainly in Latin America. Based on this analysis, the paper outlines a number of policy recommendations to identify and mitigate such risks.Este artículo se centra en los riesgos fiscales creados por las empresas estatales. Analiza las principales fuentes de esos riesgos, en particular las fallas en sus operaciones fiscales, incluidas las cuasifiscales; la extracción excesiva de los recursos de las empresas estatales por parte de los gobiernos; el acceso preferencial de estas empresas a la financiación y las asimetrías de información entre ellas y sus propietarios. Todo esto se ejemplifica mediante las experiencias de países seleccionados, principalmente en América Latina. Basado en este análisis, el trabajo describe una serie de recomendaciones de políticas para identificar y mitigar dichos riesgos. |
publisher |
Facultad de Ciencias Económicas - UNCUYO |
publishDate |
2019 |
url |
https://revistas.uncu.edu.ar/ojs3/index.php/cuyonomics/article/view/1807 |
work_keys_str_mv |
AT terminassianteresa identifyingandmitigatingfiscalrisksfromstateownedenterprisessoes |
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