Minister of Finance Incorporated  [electronic resource] : Ownership and Control of Corporate Malaysia /
Gomez, Edmund Terence.author.
Padmanabhan, Thirshalar.author.
Kamaruddin, Norfaryanti.author.
Bhalla, Sunil.author.
Fisal, Fikri.author.
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. .
Includes bibliographical references and index.
Chapter 1: The GLICs in History -- Chapter 2: GLICs and Business Groups -- Chapter 3: GLICs and Directorships.
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. .
Political economy.
Finance, Public.
Political science.
Asia—Politics and government.
Public policy.
Asia—Economic conditions.
International Political Economy.
Public Finance.
Governance and Government.
Asian Politics.
Public Policy.
Asian Economics.