Singapore, Inc. Versus the Private Sector : Are Government-Linked Companies Different?

WPIEA1562003 Image
Price:  $15.00

Author/Editor: Ling Hui Tan, Carlos D Ramírez
Release Date: © July, 2003
ISBN : 978-1-45185-742-9
Stock #: WPIEA1562003
Stock Status: On back-order

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Government-linked companies (GLCs) have a significant presence in Singapore's corporate sector. Unlike parastatals in many other countries, these companies are run on a competitive, commercial basis, ostensibly without government privileges. Based on data from publicly listed GLCs and non-GLCs, we indeed find no evidence that GLCs have easier access to credit. However, we do find that being a GLC is rewarded in financial markets with a positive premium, over and above what can be explained by the usual determinants of Tobin's q.


Economic sectors , Private sector

More publications in this series: Working Papers

More publications by: Ling Hui Tan ; Carlos D Ramírez