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Minister of Finance Incorporated - Ownership and Control of Corporate Malaysia (Hardcover, 1st ed. 2018)
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Minister of Finance Incorporated - Ownership and Control of Corporate Malaysia (Hardcover, 1st ed. 2018)
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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.
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