Sacchetti and Tortia (2016): Enterprise ownership structure affects governance and society repercussions; this article gives a broad summary of these effects.To promote technical improvements and market competitiveness, SABIC makes investments in R&D and innovation.Societal impacts: By fostering innovation in the chemicals and materials sector, fostering job creation, and assisting small enterprises in the community, SABIC promotes economic development.Economic impacts: SABIC is a significant employer, generating employment opportunities and enhancing local economies.