| ID | 097745 |
| Title Proper | Globalizing partially privatized firms in Singapore |
| Other Title Information | the role of government as a regulator and a shareholder |
| Language | ENG |
| Author | Sam, Choon Yin |
| Publication | 2010. |
| Summary / Abstract (Note) | Much has been written about privatization. Partial privatization is a lesser known fact, although most privatization programs begin with a period of partial rather than full divestment of state-owned enterprises (SOEs). In this type of privatization, the government plays the role of a regulator and a shareholder. This could give rise to conflicts of interest; for example, the possibility of political interest overriding the commercial interest. As a consequence, privatized SOEs may face difficulty in globalizing their business through financial and fixed asset investment. This article argues that setting up state-owned holding companies (SOHs) can be a constructive way to manage the important link between the government and the privatized SOEs and demarcate the government's role as regulator and shareholder. By means of a case study, the Temasek Holdings Limited of Singapore, this article illustrates the Singapore's experience in managing and globalizing partially privatized firms. |
| `In' analytical Note | Journal of Asian and African Studies Vol. 45, No. 3; Jun 2010: p.258-273 |
| Journal Source | Journal of Asian and African Studies Vol. 45, No. 3; Jun 2010: p.258-273 |
| Key Words | Privatization ; Singapore ; Globalization |