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220928 ||| eng |
| 020 |
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|a 9798400202452
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| 100 |
1 |
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|a Wezel, Torsten
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| 245 |
0 |
0 |
|a The Financial Performance and Macrofinancial Implications of Large State-Owned Enterprises in Sub-Saharan Africa
|c Torsten Wezel, Naly Carvalho
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 32 pages
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| 653 |
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|a Finance, Public
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| 653 |
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|a Public Administration
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| 653 |
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|a Economics
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| 653 |
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|a Public-Private Enterprises
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| 653 |
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|a Finance
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| 653 |
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|a Financial statements
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Arrears
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a External debt
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| 653 |
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|a Nationalization
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Currency crises
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| 653 |
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|a Accounting
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Public enterprises
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Financial reporting, financial statements
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| 653 |
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|a Liquidity management
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| 653 |
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|a Investment Decisions
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Nonprofit Organizations and Public Enterprise: General
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| 653 |
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|a Public ownership
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| 653 |
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|a Public Enterprises
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| 653 |
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|a Government business enterprises
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| 653 |
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|a Economics: General
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| 653 |
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|a Informal sector
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| 653 |
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|a Asset and liability management
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| 653 |
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|a Economic sectors
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| 653 |
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|a International economics
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| 653 |
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|a Debts, External
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| 653 |
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|a Liquidity
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| 653 |
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|a Firm Performance: Size, Diversification, and Scope
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| 653 |
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|a Oceania
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| 653 |
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|a Debt sustainability
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| 653 |
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|a Economic History: Government, War, Law, and Regulation: Africa
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| 653 |
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|a Finance: General
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| 653 |
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|a Portfolio Choice
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| 700 |
1 |
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|a Carvalho, Naly
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400202452.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2022/056/001.2022.issue-056-en.xml?cid=514063-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Using a newly-compiled dataset of state-owned enterprises in Sub-Saharan Africa, we present aggregate information about profitability, liquidity and leverage. We find that 40 percent of the close to 300 surveyed SOEs are unprofitable, while larger firms also tend to be illiquid and overleveraged. In cross-sectional regressions we find that SOE debt stock sustainability is impacted by firms’ profitability and liquidity, while macroeconomic factors cannot be shown to matter, expect for some governance variables. Based on these findings and citing country examples, we also illustrate that weak SOE performance may have a macrofinancial impact affecting bank soundness through delinquent loan exposures
|