Founder management, government ownership and firm performance : Evidence from malaysia
This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-foun...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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University of Malaya
2018
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| Online Access: | http://umpir.ump.edu.my/id/eprint/19707/1/fim-2018-irene-Founder%20Management%2C%20Government.pdf |
| _version_ | 1796992453173051392 |
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| author | Irene, Wei Kiong Ting Kweh, Qian Long Hooi, Hooi Lean Sui, Hai Juan |
| author_facet | Irene, Wei Kiong Ting Kweh, Qian Long Hooi, Hooi Lean Sui, Hai Juan |
| author_sort | Irene, Wei Kiong Ting |
| collection | UMP |
| description | This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-founder CEOs. Although a direct-effect test indicates that government ownership may be detrimental to firm performance, there exists a positive relationship between founder CEOs and firm performance in the presence of government ownership from the perspective of growth opportunities. In terms of profitability, however, government ownership may not increase return on assets. These findings suggest that the government may play a crucial role to protect investor’s wealth, especially with respect to long-term survival of a company. |
| first_indexed | 2024-03-06T12:20:19Z |
| format | Article |
| id | UMPir19707 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:20:19Z |
| publishDate | 2018 |
| publisher | University of Malaya |
| record_format | dspace |
| spelling | UMPir197072022-02-21T04:36:56Z http://umpir.ump.edu.my/id/eprint/19707/ Founder management, government ownership and firm performance : Evidence from malaysia Irene, Wei Kiong Ting Kweh, Qian Long Hooi, Hooi Lean Sui, Hai Juan HD Industries. Land use. Labor This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-founder CEOs. Although a direct-effect test indicates that government ownership may be detrimental to firm performance, there exists a positive relationship between founder CEOs and firm performance in the presence of government ownership from the perspective of growth opportunities. In terms of profitability, however, government ownership may not increase return on assets. These findings suggest that the government may play a crucial role to protect investor’s wealth, especially with respect to long-term survival of a company. University of Malaya 2018 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/19707/1/fim-2018-irene-Founder%20Management%2C%20Government.pdf Irene, Wei Kiong Ting and Kweh, Qian Long and Hooi, Hooi Lean and Sui, Hai Juan (2018) Founder management, government ownership and firm performance : Evidence from malaysia. Institutions and Economies, 10 (1). pp. 1-17. ISSN 2232-1349. (Published) https://ajba.um.edu.my/index.php/ijie/article/view/9551 |
| spellingShingle | HD Industries. Land use. Labor Irene, Wei Kiong Ting Kweh, Qian Long Hooi, Hooi Lean Sui, Hai Juan Founder management, government ownership and firm performance : Evidence from malaysia |
| title | Founder management, government ownership and firm performance : Evidence from malaysia |
| title_full | Founder management, government ownership and firm performance : Evidence from malaysia |
| title_fullStr | Founder management, government ownership and firm performance : Evidence from malaysia |
| title_full_unstemmed | Founder management, government ownership and firm performance : Evidence from malaysia |
| title_short | Founder management, government ownership and firm performance : Evidence from malaysia |
| title_sort | founder management government ownership and firm performance evidence from malaysia |
| topic | HD Industries. Land use. Labor |
| url | http://umpir.ump.edu.my/id/eprint/19707/1/fim-2018-irene-Founder%20Management%2C%20Government.pdf |
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