5. Identify the legal forms of non-corporatized SOEs in the country. To do this, we use the variable “National Legal Form” in the ORBIS interface and identify all entities (and their BvD IDs) that report the legal forms of non-corporatized SOEs for the variable “National Legal Form” and with the support of the country teams we verify whether those are fully aligned to our definition.<sup>36</sup> 6. Use the ORBIS interface to eliminate inactive entities or branches identified in step 5. We refer to the remaining active set of SOEs as Non-corporatized SOEs.

7. Compare the sets of Corporatized SOEs and Non-corporatized SOEs, to see if there is any overlap.

8. For each entity in the Non-corporatized SOE set and not in the Corporatized SOE set, construct the ownership tree, only if this tree exists.<sup>37</sup> Any extra entities (and their BvD IDs) from these additional trees are added to the set of Corporatized SOEs.

9. Search for the SOEs of the SOE Supplementary Database within the Corporatized and Noncorporatized sets of SOEs. We identify those entities that are in the SOE Supplementary Database and not in the Corporatized or Non-corporatized sets of SOEs and classify them into either the Corporatized set or the Non-corporatized set based on the legal form information within the SOE Supplementary Database.

10. Search for each entity identified in step 9 within the ORBIS interface to determine if this entity is present in ORBIS with its ownership information and whether it might have missing or incorrect ownership links that may have resulted in its omission from the Corporatized or Non-corporatized sets.

11. For those entities (and their BvD IDs) found in the ORBIS interface in step 10), we proceed to construct the ownership tree in the same way as in step 2, only if this tree exits. Any extra entities (and their BvD IDs) from these additional trees are added into the set of Corporatized SOEs.

12. Use the ORBIS interface to identify all the firms, for which the GUO is a “Public Authority” in the variable “Type of Entity”. We cross check this set of firms within the Corporatized and Noncorporatized sets of SOEs. For those extra firms that are missing in these sets, we classify them into either the Corporatized set or the Non-corporatized set based on the legal form reported in the variable “National Legal Form” in ORBIS.

13. For the extra firms identified in step 12), construct the ownership tree in the same way as in step 2 only if this tree exists. Any extra subsidiaries (and their BvD IDs) from these additional trees are added into the set of Corporatized SOEs.

14. Use the information of sector from variable “NACE Rev. 2, core code (4 digits)” in ORBIS for all the entities identified in the ORBIS Database and the information of sector from the SOE Supplementary Database for only those entities identified through the SOE Supplementary Database to eliminate all entities that fall within one of the excluded sectors described in Section 2.

15. The remaining entities in the Corporatized and Non-corporatized sets make up the registry of SOEs in the country.

> 36 The review of the legal framework in each country was conducted with the support of the WB country local teams.

> 37 It means that there are firms reporting the No-corporatized SOE as a shareholder.

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