Minister of Finance Incorporated
Ownership and Control of Corporate Malaysia
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Beschreibung
This is a study of Malaysia’s new political economy, with a focus on ownership and control of the corporate sector. It offers a pioneering assessment of government-linked investment companies (GLICs), a type of state-owned institution that has long prevailed in the corporate sector but has not been analysed. Malaysia’s history of government-business ties is unique, while the nature of the nexuses between the state and the corporate sector has undergone major transitions. Corporate power has shifted from the hands of foreign firms to the state to the ruling party, and well-connected businessmen, and back to the state. Corporate wealth is now heavily situated in the leading publicly-listed government-linked companies (GLCs), controlled through block shareholdings by a mere seven GLICs under the jurisdiction of the Minister of Finance. To indicate why these GLICs are important actors in Corporate Malaysia, this study provides a deep assessment of their ownership and control of Bursa Malaysia’s top 100 publicly-listed enterprises.
Traces how government-business ties have evolved in Malaysia, with much power currently centered in the office of the Minister of Finance Analyses a type of institution that has long prevailed in the Malaysian corporate scene; government-linked investment companies (GLICs) Focuses on how the current government regime has consolidated control over Malaysia’s corporate sector through one major, but relatively unknown government enterprise, the Minister of Finance Incorporated (MoF Inc.)
Autor*in
Edmund Terence Gomez
Themen in »Minister of Finance Incorporated«
Political Economy of Malaysia Government-Business Ties in Malaysia GLICs and Control of the Corporate Sector in Malaysia Government-Linked Investment Companies in Malaysia Government-Business Ties Government-Linked Investment Companies Government Control of the Corporate Sector GLCs and Ownership of the Corporate Sector in Malaysia GLCs and Ownership of the Corporate Sector Government-Linked Companies Government-Linked Companies in Malaysia Ownership and Control of the Corporate Sector in Malaysia Public policy and Enterprise Development in Malaysia Public policy and Enterprise Development Politics of Patronage in Malaysia