 What Do Changes in Corporate Ownership in Indonesia Tell Us?Richard W. Carney and Natasha Hamilton-Hart Bulletin of Indonesian Economic Studies, 2015, vol. 51, issue 1, 123-145 Abstract: This article documents the pattern of corporate ownership in Indonesia before and after the 1997-98 Asian financial crisis. We draw on an original dataset that identifies ultimate owners of the country's 200 largest publicly listed corporations in 1996 and 2008, and supplement these data with additional information about unlisted firms. Corporate ownership and business-government relations in this period exhibited continuities as well as notable changes. Although family ownership remained the most prevalent form of ownership, there was considerable churning in the identities of the most powerful family owners. Listed state-owned corporations were more prominent after the crisis than before it, and foreign governments (particularly Singapore and Malaysia) substantially increased their ownership stakes in many of Indonesia's largest corporations. Date: 2015 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:bindes:v:51:y:2015:i:1:p:123-145 Ordering information: This journal article can be ordered from DOI: 10.1080/00074918.2015.1016570 Access Statistics for this article Bulletin of Indonesian Economic Studies is currently edited by Firman Witoelar Kartaadipoetra, Arianto Patunru, Robert Sparrow, Sarah Xue Dong and Sean Muir More articles in Bulletin of Indonesian Economic Studies from Taylor & Francis Journals |
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