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State-Owned Companies – Preventing Corruption and State Capture

A Comparative Assessment – Performance vs Governance of SOEs in Romania, Italy, Bulgaria and the Czech Republic

Can we measure corruption and capture in state-owned companies, beyond impressions, opinion polls and indicators of compliance with governance standards? Is there a way in which we can gauge the level of resources that are misused or simply wasted, can we compare across countries and in time, and is there a correlation between the governance of SOEs and their “performance”? We believe so. But first, one needs to define properly what “performance” means and formalize its measurements in adequate indicators. In an innovative project, we proposed a set of indicators to assess the correlation between governance and performance in SOEs in four EU member states. As expected, performance varies with governance: what is new is that we are able to demonstrate with figures.


The full report is available here: 

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The project “State-Owned Companies – Preventing Corruption and State Capture” is financed through Economic and Financial Crime, Corruption, Environmental Crime Programme, DG Migration and Home Affairs, European Commission and co-financed by Open Society Foundations.


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