Modern state-owned firms' performance - An empirical analysis of productivity, market power and innovation

本研究的目的是实证研究能源和水这两个具有普遍意义的行业的国有企业的生产率、市场支配力和价格制定、创新能力等绩效。我们评估了国有企业应对近期社会经济挑战的能力，例如人口变化和向低碳能源经济的转型，这意味着基础设施投资和创新解决方案。我们进一步调查在何种程度上可以解释异质性的内部组织和差异，在公共所有者的影响力的性能变化。我们使用结构性生产函数估计方法来确定企业层面的绩效，并考虑到企业的法律的组织，所有权结构和创新能力。

In this project, we aim to empirically study the performance of state-owned firms in two sectors of general interest, energy and water supply, with respect to productivity, market power and price setting, and innovative capacity. We assess state-owned firms' ability to manage recent socio-economic challenges, such as demographic changes and the transition to a low-carbon energy economy, implying infrastructure investments and innovative solutions. We further investigate to what extent variations in performance can be explained with heterogeneous internal organisation and differences in public owners’ influence. We use a structural production function estimation approach to determine firm-level performance and to account for firms' legal organisation, ownership structure, and innovative capacity.