Abstract:

Although entrepreneurship is often regarded as an activity largely attributed to the private sector, entrepreneurial activity is classified into two groups as private sector entrepreneurship and public entrepreneurship. As public sector entrepreneurship, State Economic Enterprises (SOEs) have important shares in the economies of many countries around the world. In the study, SOEs are discussed in terms of the theoretical foundations and development of public entrepreneurship. Restructuring and reform processes of SOEs from past to present have been evaluated, and policy recommendations have been made to increase the performance of SOEs today. In this context, emphasis was placed on good governance and reforms to increase the performance of SOEs. Transparency, accountability, effective audit, sound footing administrative and legal ground are essential elements for good governance. It is predicted that SOEs that do not distort the competitive environment and have an entrepreneurial spirit will successfully carry out their activities in the economy. Following the guidelines and principles determined by international organizations by SOEs will contribute to policy success by providing standardization in governance and increasing transparency. In order to increase SOEs’ performance, SOEs need to follow and use technology closely and turn to entrepreneurial and innovation policies. Increasing the institutional quality, in this context, improving corporate responsibility, clearly delineating regulatory and institutional frameworks will contribute to increasing the effectiveness and productivity of SOEs. Although the quantities of SOEEs vary depending on the economic systems of the countries and the understanding of the state they adopt, it is seen that their qualities in the economy are quite essential.

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