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 ···

Working Paper

Foregone Opportunities: How Romanian State-Owned Companies Burden Public Budgets

Despite 25 years of reforms towards a market economy, the Romanian public sector companies remain a major fiscal and economic burden. When poorly governed, such companies distort the competition in various markets. They may purchase overpriced supplies or sell goods and services at below market prices, in contracts concluded non-competitively with preferential partners. By such deals, ···