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Author: Philip Nalliah Pillai
Publisher: NUS Press
ISBN: 9789971690762
Category : Corporation law
Languages : en
Pages : 252
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Book Description
Author: Philip Nalliah Pillai
Publisher: NUS Press
ISBN: 9789971690762
Category : Corporation law
Languages : en
Pages : 252
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Book Description
Author: Cheng Han Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
State owned enterprises are generally regarded as inefficient firms because of political objectives, external interference, and corruption. Notwithstanding this, studies have shown that Singapore state owned enterprises exhibit higher valuations than those of non-GLCs after controlling for firm specific factors and also have better corporate governance practices. In this paper, the authors posit an explanation. This explanation draws on the political, social and economic context that Singapore found herself in during the period of self-governance to the early years of independence from the late 1950s to the early 70s. The paper offers the view that the difficult economic conditions coupled with a contested democratic political environment in Singapore during this period played a significant role in fostering good political governance in Singapore which was in turn transposed to her state owned enterprises.
Author: Hui Ying Sng
Publisher: World Scientific
ISBN: 9814340901
Category : Business & Economics
Languages : en
Pages : 219
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Book Description
"One of the key themes of this book is to study economic crises and financial crises, and the policy measures that are available to manage them. The second key theme of the book is to review several public policies in Singapore, such as competition, healthcare, training, free trade agreements, state capitalism and inequality."--Publisher's description.
Author: Chwee Huat Tan
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 614
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Book Description
Author: Farhad Taghizadeh-Hesary
Publisher: Springer Nature
ISBN: 9811585741
Category : Political Science
Languages : en
Pages : 341
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Book Description
This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance. SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed. The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.
Author: C. Y. Ng
Publisher: Institute of Southeast Asian Studies
ISBN: 981305543X
Category : Business & Economics
Languages : en
Pages : 178
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Book Description
This study is a collaborative effort between officials and researchers from the transitional economy of Vietnam and researchers from the market economies of Japan and ASEAN.The first section covers aspects of the reform process undertaken in Vietnam as perceived by Vietnamese officials and scholars, and includes rare data and statistics. Section two deals with relevant aspects of the process of deregulation, liberalization and privatization experienced in Japan and the ASEAN countries. The final section provides recommendations for consideration by Vietnam’s economic reform planners. Vietnam became a member of ASEAN on 1 July 1995. This study can possibly contribute to Vietnam’s integration into the ASEAN economies.
Author: Isabel Joo Lay Sim
Publisher:
ISBN:
Category : Corporations, Government
Languages : en
Pages :
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Book Description
There is divided literature on the utility of government-owned and governmentrun enterprises. This study adds to this literature by examining Singapore's stateowned companies called Government Linked Companies ("GLCs"). It addresses three questions: (i) How does Temasek, Singapore's state holding company own and govern listed GLCs? (ii) Do financial and operating performances of Singapore's GLCs improve after privatisation? (iii) Is there a link between the GLCs' performance and their corporate governance? Using data relating to the period 1980 to 2008, the study examines the role of GLCs within Singapore's economic policies; how they are privatised; their corporate background and management; the role of Temasek; and GLCs' performance and corporate governance practices. In providing insights into the role of Singapore's GLCs, this thesis brings into question much of the literature that is adverse to government ownership. Singapore's GLCs are well managed, efficient and profitable. They have played a vital economic role in transforming Singapore from a developing third world country to a developed first world country. The study suggests that Temasek applies stringent governance and operating guidelines to GLCs. The financial and operating performance of GLCs does not improve post-privatisation. The study further suggests that GLCs' performance is not related to several attributes of governance including board size, duality of office, the political connectedness of board members and board interlocks.
Author: Garry Rodan
Publisher: Springer
ISBN: 1349199230
Category : Business & Economics
Languages : en
Pages : 282
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Book Description
A study which challenges the dominant understanding of Singapore as a case where "correct" policies have made rapid industrialization possible and which raises questions about the possibility and appropriateness of its emulation.
Author: Linda Low
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 348
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Book Description
It uses a political economy approach to analyse how Singapore made its growth and development.
Author: Christopher C. Chen
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
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Book Description
This paper explores the effect of Temasek Holdings Pte Ltd, one of Singapore's two prominent sovereign wealth funds, on the corporate governance of its target companies in Singapore. It compares companies associated with Temasek with the other listed companies on the Singapore Exchange that form the components of the Straits Times Index. Based on these companies' 2012 annual reports, this paper finds that the companies in which Temasek has direct stakes have a higher proportion of independent directors and are more likely to have an independent director serving as chairman, indicating a higher quality of corporate governance. However, Temasek's success is not necessarily a result of law, but may have more to do with its self-disciplinary nature and the hands-off approach of the Singaporean government. This means that the Temasek model may not easily be copied by state-owned enterprises in other countries. However, the fact that Temasek plays like an active investor and complies with corporate law may prove that state-owned enterprises may still enjoy a higher quality of corporate governance, and that sovereign wealth funds may behave akin to responsible investors.
