Download or read book Singapore, Inc. Versus the Private Sector written by Carlos D. Ramírez and published by International Monetary Fund. This book was released on 2003-07-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.