Metadaten







Promotionsordnung



Kumulative Dissertation



Titel


Corporate Governance of State-Owned Enterprises: Investment Holding Structure of Government-Linked Companies in Singapore and Malaysia and Applicability for Indonesian State-Owned Enterprises

Titel (englisch)



Autor/Autorin


Wicaksono, Agung

2. Autor/Autorin



Geburtsdatum


13.12.1976

Geburtsort


Surabaya, Indonesien

Matrikelnummer



Schlagwörter (GND)


Indonesien; Singapur; Malaysia; Öffentliches Unternehmen; Corporate governance; Organisationsstruktur; Holdinggesellschaft

DDC (Dewey Decimal Classification)


Wirtschaft - 330

Freie Stichwörter (deutsch)


Südostasien; Staatsbetrieb; Staatsunternehmen; Holding-Gesellschaft

Freie Stichwörter (englisch)


Southeast Asia; state-owned enterprises; government-linked companies; investment holding company

Kurzfassung



Kurzfassung (englisch)


This dissertation attempts to explain the state of Indonesian state-owned enterprises (SOEs) from the perspective of corporate governance and the government's master plan to improve that situation by setting up holding companies as a governance structure. The experience of Indonesia's neighbors in Southeast Asia, mainly Singapore and Malaysia, serves as a comparative model for how the government investment holding company becomes a structure for SOE governance.

Explored in this research are the cases of corporate governance at Singapore's Temasek Holdings (Temasek) and Malaysia's Khazanah Nasional (Khazanah). They serve as examples of "best practice" in corporate governance conduct for government-linked-companies/GLCs (structures similar in form to SOEs). The New Corporate Governance approach (Hilb, 2004) is taken as a model to determine how well Temasek fits the corporate governance framework which considers both shareholder- and stakeholder-value orientations.

The dissertation also discusses the contextual differences between Singapore, Malaysia, and Indonesia with regard to the political economy of state involvement in managing enterprises. While there is compelling evidence that successful governance of SOEs can be achieved by a holding structure, Indonesian SOEs can draw valuable lessons from its neighbors' experience only if it also keeps contextual differences in mind. Especially important is Indonesia's status as an emerging democracy and its impact on political decision making relating to SOEs.

Universität


Universität St.Gallen

Referent/Referentin


Chong, Li Choy (Prof. Dr.)

Korreferent/Korreferentin


Hilb, Martin (Prof. Dr.)

Erweitertes Diss. Komitee



Fachgebiet


Wirtschaftswissenschaften

Sprache


ENG

Promotionstermin (dd.mm.yyyy)


16.02.2009

Erstellungsjahr (yyyy)


2007

Dokumentart


Dissertation

Format


PDF

Dissertationsnummer


3488

Quelle



PDF-File


dis3488.pdf

Dokumentverknüpfung


Link zu diesem Dokument







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