The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms
Larger companies cannot escape from facing financial distress, which eventually leads to insolvency and unsustainability. In this regard, this study examined the relationship between ownership concentration and firm sustainability of top 200 Malaysian public listed companies for the period between t...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Inderscience Enterprises Ltd.
2020
|
| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/30406/1/The%20impact%20of%20ownership%20concentration%20on%20firm%20sustainability1.pdf |
| _version_ | 1796994422950330368 |
|---|---|
| author | Norazlin, Ahmad Irene, Wei Kiong Ting Mohd Ridzuan, Darun |
| author_facet | Norazlin, Ahmad Irene, Wei Kiong Ting Mohd Ridzuan, Darun |
| author_sort | Norazlin, Ahmad |
| collection | UMP |
| description | Larger companies cannot escape from facing financial distress, which eventually leads to insolvency and unsustainability. In this regard, this study examined the relationship between ownership concentration and firm sustainability of top 200 Malaysian public listed companies for the period between the years 2009 and 2015. The two-stage least squares regression results of this study showed that ownership concentration was significantly and negatively related to firm sustainability. This finding remained the same when different proxies of ownership concentration and firm sustainability were used. Generally, this finding indicated that excessive concentrated ownership may lead to decisions that did not satisfy all key shareholders, and may reduce the level of firm sustainability. |
| first_indexed | 2024-03-06T12:47:35Z |
| format | Article |
| id | UMPir30406 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:47:35Z |
| publishDate | 2020 |
| publisher | Inderscience Enterprises Ltd. |
| record_format | dspace |
| spelling | UMPir304062022-04-13T05:11:51Z http://umpir.ump.edu.my/id/eprint/30406/ The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms Norazlin, Ahmad Irene, Wei Kiong Ting Mohd Ridzuan, Darun HD Industries. Land use. Labor Larger companies cannot escape from facing financial distress, which eventually leads to insolvency and unsustainability. In this regard, this study examined the relationship between ownership concentration and firm sustainability of top 200 Malaysian public listed companies for the period between the years 2009 and 2015. The two-stage least squares regression results of this study showed that ownership concentration was significantly and negatively related to firm sustainability. This finding remained the same when different proxies of ownership concentration and firm sustainability were used. Generally, this finding indicated that excessive concentrated ownership may lead to decisions that did not satisfy all key shareholders, and may reduce the level of firm sustainability. Inderscience Enterprises Ltd. 2020 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/30406/1/The%20impact%20of%20ownership%20concentration%20on%20firm%20sustainability1.pdf Norazlin, Ahmad and Irene, Wei Kiong Ting and Mohd Ridzuan, Darun (2020) The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms. International Journal of Business Excellence (IJBEX), 22 (3). pp. 283-300. ISSN 1756-0055. (Published) https://doi.org/10.1504/IJBEX.2020.110967 https://doi.org/10.1504/IJBEX.2020.110967 |
| spellingShingle | HD Industries. Land use. Labor Norazlin, Ahmad Irene, Wei Kiong Ting Mohd Ridzuan, Darun The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms |
| title | The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms |
| title_full | The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms |
| title_fullStr | The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms |
| title_full_unstemmed | The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms |
| title_short | The impact of ownership concentration on firm sustainability: evidence from Malaysian top 200 public listed firms |
| title_sort | impact of ownership concentration on firm sustainability evidence from malaysian top 200 public listed firms |
| topic | HD Industries. Land use. Labor |
| url | http://umpir.ump.edu.my/id/eprint/30406/1/The%20impact%20of%20ownership%20concentration%20on%20firm%20sustainability1.pdf |
| work_keys_str_mv | AT norazlinahmad theimpactofownershipconcentrationonfirmsustainabilityevidencefrommalaysiantop200publiclistedfirms AT ireneweikiongting theimpactofownershipconcentrationonfirmsustainabilityevidencefrommalaysiantop200publiclistedfirms AT mohdridzuandarun theimpactofownershipconcentrationonfirmsustainabilityevidencefrommalaysiantop200publiclistedfirms AT norazlinahmad impactofownershipconcentrationonfirmsustainabilityevidencefrommalaysiantop200publiclistedfirms AT ireneweikiongting impactofownershipconcentrationonfirmsustainabilityevidencefrommalaysiantop200publiclistedfirms AT mohdridzuandarun impactofownershipconcentrationonfirmsustainabilityevidencefrommalaysiantop200publiclistedfirms |