State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector (anglais)

This paper examines the effects of a negative macroeconomic shock on the financial performance of state-owned enterprises (SOEs) in infrastructure. It exploits the differential effects of a drastic fall in oil prices (in 2014–15) on SOEs in energy-rich countries relative to SOEs in non-energy-rich countries, matching firms based on their fuel expense ratio. The results—based on a balanced sample using coarsened exact matching and a differences-in-differences...

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INFORMATION

Auteur

Herrera Dappe,Matias;

Musacchio,Aldo;

Pan,Carolina;

Semikolenova,Yadviga Viktorivna;

Turkgulu,Burak;

Barboza,Jonathan;
Date du document
2022/03/21
Type de document
Document de travail de recherche sur les politiques
Numéro du rapport
WPS9971
Volume
1
Total Volume(s)
1
Pays
Monde,
Région
Autres,
Date de publication
2022/03/21
Disclosure Status
Disclosed
Titre du rapport
State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector
Mots clé
negative shock

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State-Owned Enterprises as Countercyclical Instruments : Experimental Evidence from the Infrastructure Sector (anglais)

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