The Performance Differential between Private and State Owned Enterprises: The Roles of Ownership, Management and Market Structure

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Ownership of Corporations (2016, result): “The general pattern of findings is that state ownership has a null or negative relation with performance, and that the findings are generally more negative in Western economies (e.g., Andrews & Dowling, 1998; Goldeng et al., 2008; Thomsen & Pedersen, 2000).”
Home country institutions and the internationalization of state owned enterprises: A cross-country analysis (2016, background): “…structures are weak however, ‘insiders’ such as politicians, lobbyists and SOE decision makers and managers are more able to pursue personal goals, for example providing benefits for their supporters or extracting private rents (Faccio, 2006; Goldeng et al., 2008; Shleifer & Vishny 1994).”
State-owned Enterprises Around the WORLD as Hybrid Organizations (2015, background): “However, Goldeng, Grünfeld, and Benito (2008) found that private firms in Norway clearly outperformed SOEs.”