A city establishes a garbage collection company in order to generate revenue, but destroys the business of an existing private garbage collection company in the process by supplanting the private company's customer base. As a general proposition, the private company has no right to complain...

Chinese state capitalism has been treated as essentially synonymous with state-owned enterprises (“SOEs”). But drawing a stark distinction between SOEs and privately owned enterprises (“POEs”) misperceives the reality of China's institutional environment and its impact on the formation...

There is overwhelming evidence that the opioid crisis which has cost hundreds of thousands of lives and trillions of dollars (and counting) has been created or exacerbated by webs of influence woven by several pharmaceutical companies. These webs involve health professionals, patient advocacy...

This essay provides an analysis of the financial performance of non-financial state-owned corporations in Bangladesh which are in financially decrepit conditions. The causes of the poor performance of state-owned corporations are identified. Their financial losses, poor performance, inefficiency...

In April 2007, a Mexican microfinance company named Banco Compartamos issued shares in a secondary offering IPO. Existing shares were sold at 12 times their book value. The book value itself was 21 times the paid-in-capital. The 21 fold increase in book value was mainly from charging high...

Government-linked companies (GLCs) have a significant presence in Singapore's corporate sector. Unlike parastatals in many other countries, these companies are run on a competitive, commercial basis, ostensibly without government privileges. Based on data from publicly listed GLCs and non-GLCs,...

This paper discusses ways of strengthening the competitive environment in order to help boost productivity performance in various sectors of the Danish economy. It looks at a number of indicators of the strength of competition — including price levels, industrial concentration and product...

This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which the regulatory environment in Russia supports competition and to draw attention to the areas where further reform efforts would pay dividends. The indicators show that, despite improvements...

Vigorous product market competition plays a central role in bolstering productivity growth. Sweden has strengthened competition legislation and deregulated a number of sectors, including electricity, telecommunications and parts of transport, over the past 10 to 15 years. This paper examines the...

The rise in state-owned enterprises (SOEs) as growing actors in international trade and investment has received renewed attention in recent years, not least due to controversy that has arisen over SOE foreign investments. This has raised the profile of these issues with policy makers and tilted...