Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia
Capital inflow and joint ventures by investors are very significant in rapidly developing countries, particularly in sectors that require a large capital commitment and high technology support. Therefore, companies will form the most strategic decision to remain competitive in the market to attract...
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| Format: | Article |
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Asia-Pacific Management Accounting Association, Accounting Research Institute & Faculty of Accountancy and UPENA, Universiti Teknologi MARA
2014
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| _version_ | 1825948934825050112 |
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| author | Ong, Tze San Soh, Wei Ni Teh, Boon Heng Ng, Sin Huei |
| author_facet | Ong, Tze San Soh, Wei Ni Teh, Boon Heng Ng, Sin Huei |
| author_sort | Ong, Tze San |
| collection | UPM |
| description | Capital inflow and joint ventures by investors are very significant in rapidly developing countries, particularly in sectors that require a large capital commitment and high technology support. Therefore, companies will form the most strategic decision to remain competitive in the market to attract and retain investors. Corporate governance and financial performance are important elements considered by investors before they decide on where to place their investment funds. Thus, the study of corporate governance and its effect on the efficiency of financial performance becomes an interesting decision-making tool and is a reference point that assists investors to predict the influence of the corporate governance on the capital they invest. Results of this study show that firm size and CEO/chairman duality significantly influence the efficiency of corporate governance in generating financial performance. Surprisingly, setting risk management committee made no difference in financial performance. |
| first_indexed | 2024-03-06T08:36:45Z |
| format | Article |
| id | upm.eprints-36915 |
| institution | Universiti Putra Malaysia |
| last_indexed | 2024-03-06T08:36:45Z |
| publishDate | 2014 |
| publisher | Asia-Pacific Management Accounting Association, Accounting Research Institute & Faculty of Accountancy and UPENA, Universiti Teknologi MARA |
| record_format | dspace |
| spelling | upm.eprints-369152015-07-25T02:36:41Z http://psasir.upm.edu.my/id/eprint/36915/ Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia Ong, Tze San Soh, Wei Ni Teh, Boon Heng Ng, Sin Huei Capital inflow and joint ventures by investors are very significant in rapidly developing countries, particularly in sectors that require a large capital commitment and high technology support. Therefore, companies will form the most strategic decision to remain competitive in the market to attract and retain investors. Corporate governance and financial performance are important elements considered by investors before they decide on where to place their investment funds. Thus, the study of corporate governance and its effect on the efficiency of financial performance becomes an interesting decision-making tool and is a reference point that assists investors to predict the influence of the corporate governance on the capital they invest. Results of this study show that firm size and CEO/chairman duality significantly influence the efficiency of corporate governance in generating financial performance. Surprisingly, setting risk management committee made no difference in financial performance. Asia-Pacific Management Accounting Association, Accounting Research Institute & Faculty of Accountancy and UPENA, Universiti Teknologi MARA 2014 Article PeerReviewed Ong, Tze San and Soh, Wei Ni and Teh, Boon Heng and Ng, Sin Huei (2014) Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia. Asia-Pacific Management Accounting Journal, 9 (2). pp. 19-36. ISSN 1675-3194 http://arionline.uitm.edu.my/ari/news/articles.asp?id=4daf57ab12da463d8492b011f630e62e |
| spellingShingle | Ong, Tze San Soh, Wei Ni Teh, Boon Heng Ng, Sin Huei Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia |
| title | Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia |
| title_full | Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia |
| title_fullStr | Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia |
| title_full_unstemmed | Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia |
| title_short | Corporate governance and its effect on the efficiency of generating financial performance: evidence from the oil and gas industry of Malaysia |
| title_sort | corporate governance and its effect on the efficiency of generating financial performance evidence from the oil and gas industry of malaysia |
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