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James S Ang, David K Ding| Journal of Multinational Financial Management| January 01, 2005

Government ownership and the performance of government-linked companies: The case of Singapore

Public| Printed: Yes

This paper compares the market and financial performance of government-linked companies (GLCs) in Singapore with non-GLCs. The authors find GLCs in Singapore have higher valuations and better corporate governance than non-GLC firms. These conclusions are consistent, even when controlling for profitability, leverage, firm size and foreign ownership.