State-owned enterprises in the shipbuilding sector
This paper uses firm-level data analysis to assess the extent, and the economic and
policy implications of state-owned enterprises (hereafter SOEs) in the shipbuilding
sector. Even though the available data appears to be limited in certain respects,
one of the paper’s key findings demonstrates that SOEs occupy a significant share
in global ship completions, but are likely to operate with lower profitability rates
and to be more highly leveraged than private enterprises. This report also presents
a number of guiding principles to assess SOEs’ behaviour and their potential impact
on the shipbuilding market, such as good corporate governance frameworks and the principle
of competitive neutrality. To provide a concrete comparative analysis of SOEs and
their private counterparts, the paper examines a case-study comparing the Chinese
central state-owned enterprise CSIC and its private counterpart Yangzijiang Shipbuilding.
Published on February 03, 2021
In series:OECD Science, Technology and Industry Policy Papersview more titles