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The Impact Of Government Investment Organizations In Malaysia On The Performance Of Their Portfolio Companies

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  • Amiruddin BIN MUHAMED
  • Rebecca STRÄTLING
  • Aly SALAMA

Abstract

type="main" xml:lang="fr"> La recherche sur l'impact de la propriété publique sur la performance financière des entreprises cotées considère en général l'Etat comme une entité monolithique et ne tient pas compte que les droits de propriété de l'Etat sont administrés par différents types d'organisations publiques. En analysant la performance financière de sociétés publiques cotées, les auteurs trouvent qu'en Malaysie l'impact de la propriété publique varie selon le type d'organisation qui gère les participations de l'Etat. Etant donné la détention de “golden share” et la présence d'anciens employés de la fonction publique et d'hommes politiques dans les conseils de direction, les auteurs révèlent que les entreprises contrôlées par des organisations d'investissement sous contrôle de l'Etat fédéral ont tendance à être plus performantes que celles contrôlées au niveau regional.

Suggested Citation

  • Amiruddin BIN MUHAMED & Rebecca STRÄTLING & Aly SALAMA, 2014. "The Impact Of Government Investment Organizations In Malaysia On The Performance Of Their Portfolio Companies," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(3), pages 453-473, September.
    • Handle: RePEc:bla:annpce:v:85:y:2014:i:3:p:453-473
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