New public management emphasizes the organizational and behavioral aspects of state-owned enterprises (SOEs). The main assumption is that, if governments constitute SOEs as "market" enterprises and allow their management to follow the logic of the "market," SOEs will become productive,...

The purpose of the study was to examine empirically the influence of firm characteristics, namely size, age, and industry type, on a firm's strategic orientation. Furthermore, the study tested the impact of strategic orientation on firm performance. The sample of the study was state-owned...