Seminar paper from the year 2015 in the subject Business economics - Economic Policy, grade: 2.1, , course: Public Administration, language: English, abstract: The establishment of public enterprises by governments of developing economies has been identified as a strategic approach to accelerated economic and national development. The main prop was the fostering and harnessing of economic potentials, balancing and control of strategic and social interest of the country, full employment as well as generation of revenue for the development of infrastructure.With the exception of some episodic successes recorded at inception, structural legacy of public enterprises and their corresponding impact on the Nigerian economy have been burdensome. This research was therefore inspired by the need to critically evaluate the factors leading to the dismal performance of public enterprises using the Cross River Newspaper Corporation as a case study. A sample of 360 persons was used for the study. The data for this study was generated from a well structured questionnaire which was administered on the sample. Research hypotheses were tested using Parsons Correlation Coefficient method. The result of the analyses revealed a positive correlation between the dependent and independent variables. Accordingly, the four Null Hypotheses were rejected. Recommendations were made in line with the findings.