Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Fur...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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INSI Publications
2012
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| Online Access: | http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf |
| _version_ | 1825647011795304448 |
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| author | Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff |
| author_facet | Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff |
| author_sort | Mohd Salim, Wan Noraini |
| collection | IIUM |
| description | According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis. |
| first_indexed | 2024-03-05T23:11:16Z |
| format | Article |
| id | oai:generic.eprints.org:27649 |
| institution | International Islamic University Malaysia |
| language | English |
| last_indexed | 2025-03-04T07:17:45Z |
| publishDate | 2012 |
| publisher | INSI Publications |
| record_format | dspace |
| spelling | oai:generic.eprints.org:276492024-12-23T08:02:52Z http://irep.iium.edu.my/27649/ Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff KPG Malaysia According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis. INSI Publications 2012-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf Mohd Salim, Wan Noraini and Abdul Ghadas, Zuhairah Ariff (2012) Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Australian Journal of Basic and Applied Sciences, 6 (11). pp. 354-360. ISSN 1991-8178 |
| spellingShingle | KPG Malaysia Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. |
| title | Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. |
| title_full | Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. |
| title_fullStr | Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. |
| title_full_unstemmed | Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. |
| title_short | Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. |
| title_sort | sustainability of the family ownership in a family business via inheritance an appraisal with special reference to the malaysian law |
| topic | KPG Malaysia |
| url | http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf |
| work_keys_str_mv | AT mohdsalimwannoraini sustainabilityofthefamilyownershipinafamilybusinessviainheritanceanappraisalwithspecialreferencetothemalaysianlaw AT abdulghadaszuhairahariff sustainabilityofthefamilyownershipinafamilybusinessviainheritanceanappraisalwithspecialreferencetothemalaysianlaw |