Institution-Management Approach to State Owned Enterprise Reforms: The Case of Vietnam

35 Pages Posted: 20 Oct 2008

See all articles by Lien Thi Pham

Lien Thi Pham

affiliation not provided to SSRN

Tyrone Carlin

affiliation not provided to SSRN

Ha Viet Hoang

Macquarie University

Date Written: October 19, 2008

Abstract

This paper considers the debate regarding ownership, competition and alternative approaches to SOE reforms. While the conventional approach has been, supported by empirical work, that privatization is only the most extreme of series proposals for the reforms, empirical evidence in Vietnam is an example to the contrary when it has advocated to reforms in market institutions and management rather than a radical ownership change. We argue that market-supporting institutions matter to a higher productive and profitable performance of the state enterprises. Enforcement to enhance ownership management has a positive contribution to productive performance of SOEs. Along with the focal relationship, we control the impact of market competition, local initial conditions, firm size and discuss some implementations of the analysis.

Keywords: Reform, Corporate Governance, Efficiency, Institutions, management, SOEs, privatization, Vietnam

JEL Classification: P21, G34, D24, 053

Suggested Citation

Pham, Lien Thi and Carlin, Tyrone and Hoang, Ha Viet, Institution-Management Approach to State Owned Enterprise Reforms: The Case of Vietnam (October 19, 2008). Available at SSRN: https://ssrn.com/abstract=1286704 or http://dx.doi.org/10.2139/ssrn.1286704

Lien Thi Pham

affiliation not provided to SSRN ( email )

Tyrone Carlin

affiliation not provided to SSRN ( email )

Ha Viet Hoang (Contact Author)

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

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