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Enterprises- The Case of Government Commercial Companies in Fiji

Narayan, Jashwini J. (2016) Enterprises- The Case of Government Commercial Companies in Fiji. Nova Science Publishers, New York. ISBN 978-1-63485-199-2

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    Abstract

    Public Enterprise Reform (PER) is no new phenomenon. It has been in existence for some time now. PER programmes first began in the UK in the late 1970s. Since then, state intervention in the market has been increasingly challenged. Such a challenge acquired a more ideological form with the rise of the ultra-conservative governments in the UK as well as USA. In the 1980s, both the ‘Thatcherite’ and ‘Reganomics’ doctrines elevated the role of the market in resource allocation. Not limited to the developed world, PER has become the hallmark of public policy making throughout the world, including the developing as well as the underdeveloped nations. From the 1990s, encouraged and financed by the donor agencies, the developing countries have also undertaken reforms of their public enterprises to improve their performance. Like other countries across the world, Fiji has also tried to reform its public enterprises. Public enterprises are also known as State Owned Enterprises (SOEs). With respect to past research in Fiji, few comparative studies and even fewer multiple PER related cases have been investigated. In this book, public enterprises of Fiji that are at different levels of financial performance will be examined. Such enterprises have experienced reforms but their financial results have been mixed. This book will compare the performance of corporatised public enterprises - the Government Commercial Companies (GCCs). A GCC is one of the four types of public enterprises in Fiji. It is also one of the two types of public enterprises wholly owned by the Fiji Government. The seven GCCs selected for this book are: 1) Airports Fiji Limited, 2) Post Fiji Limited, 3) Fiji Ports Corporation Limited, 4) Unit Trust of Fiji (Management) Limited, 5) Food Processors (Fiji) Limited, 6) Fiji Hardwood Corporation Limited and 7) Rewa Rice Limited. Some of these GCCs perform well, some perform poorly. Overall, the major finding of the research is that there is no single factor that leads to better or poor financial performance. While a combination of factors, which include both the financial as well as the non-financial factors affect financial performance of GCCs, this book finds two factors as the most important. These factors are financial independence and stakeholder relationships since most of the other factors can be connected to these two.

    Item Type: Book
    Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
    H Social Sciences > HJ Public Finance
    J Political Science > JF Political institutions (General)
    Divisions: Faculty of Business and Economics (FBE) > School of Management and Public Administration
    Depositing User: Jashwini Narayan
    Date Deposited: 06 May 2016 11:28
    Last Modified: 22 May 2017 09:35
    URI: http://repository.usp.ac.fj/id/eprint/8840
    UNSPECIFIED

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