Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence
Malaysian GLCs are under pressure to perform due to their role in helping the country to become a developed nation. Using the structuration theory as a framework, this paper seeks to provide a critical perspective on GLCs’ performance. This study has found that GLCs are pressured to strike a balance...
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| Format: | Article |
| Language: | English |
| Published: |
Inderscience Publishers
2013
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| Online Access: | http://psasir.upm.edu.my/id/eprint/28282/1/Government.pdf |
| _version_ | 1825947286318874624 |
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| author | Lau, Yeng Wai |
| author_facet | Lau, Yeng Wai |
| author_sort | Lau, Yeng Wai |
| collection | UPM |
| description | Malaysian GLCs are under pressure to perform due to their role in helping the country to become a developed nation. Using the structuration theory as a framework, this paper seeks to provide a critical perspective on GLCs’ performance. This study has found that GLCs are pressured to strike a balance across political, economic and social goals, and attainment of some of these goals, especially goals non-financial in nature, is not necessarily translated into improved financial performance in the short run. Assessing only the financial aspects of GLCs’ performance does not provide a complete picture of GLCs’ achievements. Despite the importance of non-financial performance, the challenges associated with defining, measuring and using non-financial indicators remain unresolved. Future research can consider exploring how best to assess the non-financial aspects of GLCs’ performance in light of the significance of GLCs’ political and social obligations, which do not necessarily lend themselves to financial evaluations. |
| first_indexed | 2024-03-06T08:10:54Z |
| format | Article |
| id | upm.eprints-28282 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:10:54Z |
| publishDate | 2013 |
| publisher | Inderscience Publishers |
| record_format | dspace |
| spelling | upm.eprints-282822015-10-01T08:00:46Z http://psasir.upm.edu.my/id/eprint/28282/ Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence Lau, Yeng Wai Malaysian GLCs are under pressure to perform due to their role in helping the country to become a developed nation. Using the structuration theory as a framework, this paper seeks to provide a critical perspective on GLCs’ performance. This study has found that GLCs are pressured to strike a balance across political, economic and social goals, and attainment of some of these goals, especially goals non-financial in nature, is not necessarily translated into improved financial performance in the short run. Assessing only the financial aspects of GLCs’ performance does not provide a complete picture of GLCs’ achievements. Despite the importance of non-financial performance, the challenges associated with defining, measuring and using non-financial indicators remain unresolved. Future research can consider exploring how best to assess the non-financial aspects of GLCs’ performance in light of the significance of GLCs’ political and social obligations, which do not necessarily lend themselves to financial evaluations. Inderscience Publishers 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28282/1/Government.pdf Lau, Yeng Wai (2013) Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence. International Journal of Critical Accounting, 5 (2). pp. 213-227. ISSN 1757-9848; ESSN: 1757-9856 |
| spellingShingle | Lau, Yeng Wai Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence |
| title | Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence |
| title_full | Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence |
| title_fullStr | Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence |
| title_full_unstemmed | Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence |
| title_short | Government-linked companies’ (GLCs) performance – a structuration perspective: Malaysian evidence |
| title_sort | government linked companies glcs performance a structuration perspective malaysian evidence |
| url | http://psasir.upm.edu.my/id/eprint/28282/1/Government.pdf |
| work_keys_str_mv | AT lauyengwai governmentlinkedcompaniesglcsperformanceastructurationperspectivemalaysianevidence |