The effect of ownership structure on firm performance in Malaysia
This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-li...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Scientific & Academic Publishing
2013
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/15397/1/10.5923.pdf |
| _version_ | 1825803529395109888 |
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| author | Taufil Mohd, Kamarun Nisham Md Rus, Rohani Musallam, Sami R. M. |
| author_facet | Taufil Mohd, Kamarun Nisham Md Rus, Rohani Musallam, Sami R. M. |
| author_sort | Taufil Mohd, Kamarun Nisham |
| collection | UUM |
| description | This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-linked investment companies, foreign ownership, and DPIIs ownership while it is negatively and significantly related to state ownership.These results imply that government ownership through GLICs does not lead to value destruction.In fact, it could lead to better monitoring.However, state ownership leads to lower values. |
| first_indexed | 2024-07-04T05:58:36Z |
| format | Article |
| id | uum-15397 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:58:36Z |
| publishDate | 2013 |
| publisher | Scientific & Academic Publishing |
| record_format | eprints |
| spelling | uum-153972020-11-04T02:01:00Z https://repo.uum.edu.my/id/eprint/15397/ The effect of ownership structure on firm performance in Malaysia Taufil Mohd, Kamarun Nisham Md Rus, Rohani Musallam, Sami R. M. HD28 Management. Industrial Management This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-linked investment companies, foreign ownership, and DPIIs ownership while it is negatively and significantly related to state ownership.These results imply that government ownership through GLICs does not lead to value destruction.In fact, it could lead to better monitoring.However, state ownership leads to lower values. Scientific & Academic Publishing 2013 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15397/1/10.5923.pdf Taufil Mohd, Kamarun Nisham and Md Rus, Rohani and Musallam, Sami R. M. (2013) The effect of ownership structure on firm performance in Malaysia. International Journal of Finance and Accounting, 2 (2). pp. 75-81. ISSN 2168-4812 http://article.sapub.org/10.5923.j.ijfa.20130202.04.html |
| spellingShingle | HD28 Management. Industrial Management Taufil Mohd, Kamarun Nisham Md Rus, Rohani Musallam, Sami R. M. The effect of ownership structure on firm performance in Malaysia |
| title | The effect of ownership structure on firm performance in Malaysia |
| title_full | The effect of ownership structure on firm performance in Malaysia |
| title_fullStr | The effect of ownership structure on firm performance in Malaysia |
| title_full_unstemmed | The effect of ownership structure on firm performance in Malaysia |
| title_short | The effect of ownership structure on firm performance in Malaysia |
| title_sort | effect of ownership structure on firm performance in malaysia |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/15397/1/10.5923.pdf |
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