@article{MAKHILLIBM202115527560,
    title = {Reforming State-Owned Enterprises, Lessons from three International Experiences},
    journal = {International Business Management},
    volume = {15},
    number = {5},
    pages = {229-240},
    year = {2021},
    issn = {1993-5250},
    doi = {ibm.2021.229.240},
    url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2021.229.240},
    author = {Abrar,Mohamed and},
    keywords = {State-Owned Enterprises (SOEs),reform,privatization,China,South Korea,Brazil},
    abstract = {Reforming State-Owned Enterprises (SOE)
became a core element of economic reform in many
countries, especially in the transitional economy. Many
developed and developing countries have launched reform
programs to reform SOEs using different strategies,
including restructuring, privatization, labor policy and
promoting corporate governance. In order to benefit from
the global experiences in reforming SOEs, we attempt in
this study to extract SOEs reform lessons by examining
three major international experiences in the reform of
SOEs, namely China, Korea and Brazil. The paper plan to
use comparative method and descriptive-analytical
approach, through reviewing the literature, in order to
extract the lessons learned from experiences of the three
countries. The study concluded that China has been more
selective in implementing the privatization program and
that selling SOEs to their employees by providing
financial and credit facilities for them, under cooperatives
system has contributed to accepting the privatization
process and mitigating its negative social impacts. The
experience of South Korea has shown the importance of
strict application of governance masseurs, especially with
regard to internal and external audits. Korean reforms also
introduced plans for the financial health of SOEs which
promoted governance and strict control over SOEs and
improved their performance. As for Brazil, the most
important characteristic of its experience is utilizing
information technology and designing databases for
SOEs. This study is important for scholars, researchers
and policy makers in the governments which concern to
learn and benefit from the international experiences in
reforming state-owned enterprises.}
    }