Thanks to governmental efforts to enhance managerial rationalization and transparency of public bodies by establishing various legal and institutional reforms, some expected changes have been shown to a certain extent. However, there are still remains lots of criticisms over insufficient management of public bodies compared to that of private firms. It is needed to review whether managerial evaluation system of public bodies is contributing to the managerial improvement of public bodies and to the prevention of loose management.
This evaluation report mainly concerns with examining the governmental efforts to improve managerial efficiency of public bodies are producing its outcome which initially intended.
Based on the managerial performances and financial data of 24 state-owned enterprises for the last 5 years(2004 - 2008), this report analyzed both profitability and financial structure of them.
The evaluation outcomes show that profitability becomes worse even though the size of assets and sales of state-owned enterprises is growing considerably.
As the financial indicators, which have been revitalized by the means of the tight debt management since the Asian financial crisis, are being worsened again after 2006. National financial burden may increase in case of defaults on financial obligation of state-owned enterprises.
Therefore, government effort is needed to improve profitability and financial structure of public bodies should be more effective, and a more positive and well-organized management plan is required to improve the competitiveness of state-owned enterprises.
This evaluation report mainly concerns with examining the governmental efforts to improve managerial efficiency of public bodies are producing its outcome which initially intended.
Based on the managerial performances and financial data of 24 state-owned enterprises for the last 5 years(2004 - 2008), this report analyzed both profitability and financial structure of them.
The evaluation outcomes show that profitability becomes worse even though the size of assets and sales of state-owned enterprises is growing considerably.
As the financial indicators, which have been revitalized by the means of the tight debt management since the Asian financial crisis, are being worsened again after 2006. National financial burden may increase in case of defaults on financial obligation of state-owned enterprises.
Therefore, government effort is needed to improve profitability and financial structure of public bodies should be more effective, and a more positive and well-organized management plan is required to improve the competitiveness of state-owned enterprises.