EFFECTS OF STATE-OWNED ENTERPRISE MODEL ON ORGANIZATIONAL PRODUCTIVENESS IN MACEDONIA

Dragan Gocevski; Ivana Velkovska

Dragan Gocevski Iustinianus Primus Faculty of Law, Ss Cyril and Methodius University in Skopje
Ivana Velkovska Center for Economic Analysis in Skopje

Keywords: State Owned Enterprises, Efficiency, Public Finances, Macedonia

Abstract

The qualitative analysis of the net operating margin indicator showed that state-owned joint stock companies and joint stock companies where the government is a shareholder as management models have higher profitability compared to public enterprises and limited liability companies in state ownership. The research rejects the hypothesis that the allocation of production inputs, such as labor and capital, affect the degree of production results i.e. this hypothesis is not applicable to state-owned enterprises in Macedonia, based on the available data for 2017. It seems that if the public service is not profitable but legally mandatory the government central or municipal establishes a public enterprise, while profitable enterprises were transformed to joint stock companies exempt from a more rigorous public law regime regarding employment and salaries. Quantitative analysis did not show statistically significant results.

Author Biographies

Dragan Gocevski, Iustinianus Primus Faculty of Law, Ss Cyril and Methodius University in Skopje

Dr. Sc.

Ivana Velkovska, Center for Economic Analysis in Skopje

M. Sc.

References

Aidan Vining, Anthony Boardman, Mark Moore, â€œThe Theory and Evidence Pertaining to Local Government Mixed

Enterprisesâ€. Annals of Public and Cooperative Economies 58 (1), (2014): 53-86

Anthony Boardman and Aidan Vining, â€œOwnership and Performance in Competitive Environments: A Comparison

of the Performance of Private, Mixed, and State-Owned Enterprisesâ€, Journal of Law and Economics, vol.

, issue 1,(1989): 1-33;

Borce Davitkovski, Ana Pavlovska-Daneva, Dragan Gocevski, Public Corporations (Faculty of Law Skopje:

, Reader.

David S Moore, The Basic Practice of Statistics 2nd Ed., (W. H. Freeman and Company: 2000), 390, 401, 406;

Maryann Barakso, Daniel M. Sabet, Brian Schaffner, Understanding Political Science Research Methods The

Challenge of Inference, (Routledge Taylor and Francis, New York and London: 2014), 149;

Factsheet - Corporate Governance of State-Owned Enterprises, International Finance Corporation - World Bank

Group, 2018

Janet Buttolph Johnson, H.T. Reynolds, Jason D. Mycoff, Political Science Research Methods 8th ed. University

of Delaware, (Sage-Copress, Los Angeles, London, New Delhi, Singapore, Washington DC: 2016), 223;

Jorge Carrera, Daniele Checchi, Massimo Florio, â€œPrivatization Discontent and its Determinants: Evidence from

Latin Americaâ€, IZA Discussion Papers, No. 1587, Institute for the Study of Labor (IZA), Bonn (2005)

http://www.opendata.mk/Home/TekstualniDetails/40?Category=1

Kathryn DeWenter and Paul Malatesta, â€œState-Owned and Privately-Owned Firms: An Empirical Analysis of

Profitability, Leverage, and Labor Intensity.â€ American Economic Review, 91 (1), (2001)

http://makstat.stat.gov.mk/PXWeb/pxweb/mk/MakStat/?rxid=46ee0f64-2992-4b45-a2d9-cb4e5f7ec5ef

OECD Guidelines on Corporate Governance of State-Owned Enterprises, OECD Publishing, 2015

OECD, Defining and Measuring Productivity, available at: https://www.oecd.org/sdd/productivitystats/

pdf [accessed 22.11.2018];

State Owned Enterprises in the EU, Institutional Paper 031, European Commission, 2016

State-Owned Enterprises: Catalysts for public value creation?, PricewaterhouseCoopers, 2015;

Ð—Ð°ÐºÐ¾Ð½ Ð·Ð° Ñ˜Ð°Ð²Ð½Ð¸ Ð¿Ñ€ÐµÑ‚Ð¿Ñ€Ð¸Ñ˜Ð°Ñ‚Ð¸Ñ˜Ð° (Ð¡Ð»ÑƒÐ¶Ð±ÐµÐ½ Ð²ÐµÑÐ½Ð¸Ðº Ð½Ð° Ð .Ðœ., 38/1996, 6/2002, 40/2003, 49/2006, 22/2007,

/2009, 97/2010, 6/2012, 119/2013, 41/2014, 138/2014, 25/2015, 61/2015, 64/2018);

Ð—Ð°ÐºÐ¾Ð½ Ð·Ð° Ñ‚Ñ€Ð³Ð¾Ð²ÑÐºÐ¸ Ð´Ñ€ÑƒÑˆÑ‚Ð²Ð°, Ð¡Ð»ÑƒÐ¶Ð±ÐµÐ½ Ð²ÐµÑÐ½Ð¸Ðº Ð½Ð° Ð Ðœ, Ð±Ñ€. 28/04, 84/05/ ,25/07 87/08,42/10,48/10,24/11 Ð¸

/12;