世界银行-当国家在市场周围发号施令时会发生什么？国有企业与私营企业绩效差异分析

This paper studies the performance differentials between privately-owned enterprises and businesses of the state. Businesses of the State (BOS) are firms with 10 percent or more direct or indirect state participation. By analyzing firm-level data across 16 European countries between 2011 and 2020, the paper finds evidence that state ownership matters for operational and financial performance and sheds light on how and when it matters. The analysis disentangles the multiple forms of state part