Corporate governance practice for tourism small and medium-sized enterprises in Malaysia
The Tourism Small and Medium-Sized Enterprises (TSMEs) make a significant portion of entrepreneurial enterprises in Malaysia, and as a matter of fact play a big role as the backbone in the Malaysian tourism industry.Good corporate governance has been proven as a mechanism to increase companies’ pe...
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| Format: | Article |
| Language: | English |
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Institute of Advanced Science Extension (IASE)
2018
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/23960/1/IJAAS%205%201%202018%2024%2030.pdf |
| _version_ | 1825805020736520192 |
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| author | Mohd Shariff, Nurhazani Zainol Abidin, Azlan |
| author_facet | Mohd Shariff, Nurhazani Zainol Abidin, Azlan |
| author_sort | Mohd Shariff, Nurhazani |
| collection | UUM |
| description | The Tourism Small and Medium-Sized Enterprises (TSMEs) make a significant portion of entrepreneurial enterprises in Malaysia, and as a
matter of fact play a big role as the backbone in the Malaysian tourism industry.Good corporate governance has been proven as a mechanism to
increase companies’ performance and since corporate governance also plays a vital role in the small firms including entrepreneurial, this study intends to examine the corporate governance practices in TSMEs namely ownership and board structure, conflict of interest, stakeholders, social responsibility, remuneration and transparency.A number of 229 respondents consisted of board of directors and top management of TSMEs were asked to indicate the importance of corporate governance practices and to determine the
component of best practices for the TSMEs.The findings highlight that all the six corporate governance practices significantly derived as important component for the TSMEs.At present, there has been limited study on corporate governance in TSMEs.Hence, these findings would contribute towards considering these best practices as a vital role in managing TSMEs in
achieving their strategies and objectives. |
| first_indexed | 2024-07-04T06:25:05Z |
| format | Article |
| id | uum-23960 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:25:05Z |
| publishDate | 2018 |
| publisher | Institute of Advanced Science Extension (IASE) |
| record_format | eprints |
| spelling | uum-239602018-04-15T04:27:56Z https://repo.uum.edu.my/id/eprint/23960/ Corporate governance practice for tourism small and medium-sized enterprises in Malaysia Mohd Shariff, Nurhazani Zainol Abidin, Azlan GV Recreation Leisure The Tourism Small and Medium-Sized Enterprises (TSMEs) make a significant portion of entrepreneurial enterprises in Malaysia, and as a matter of fact play a big role as the backbone in the Malaysian tourism industry.Good corporate governance has been proven as a mechanism to increase companies’ performance and since corporate governance also plays a vital role in the small firms including entrepreneurial, this study intends to examine the corporate governance practices in TSMEs namely ownership and board structure, conflict of interest, stakeholders, social responsibility, remuneration and transparency.A number of 229 respondents consisted of board of directors and top management of TSMEs were asked to indicate the importance of corporate governance practices and to determine the component of best practices for the TSMEs.The findings highlight that all the six corporate governance practices significantly derived as important component for the TSMEs.At present, there has been limited study on corporate governance in TSMEs.Hence, these findings would contribute towards considering these best practices as a vital role in managing TSMEs in achieving their strategies and objectives. Institute of Advanced Science Extension (IASE) 2018 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/23960/1/IJAAS%205%201%202018%2024%2030.pdf Mohd Shariff, Nurhazani and Zainol Abidin, Azlan (2018) Corporate governance practice for tourism small and medium-sized enterprises in Malaysia. International Journal of Advanced and Applied Sciences, 5 (1). pp. 24-30. ISSN 2313-3724 http://www.science-gate.com/IJAAS/2018/V5I1/Shariff.html |
| spellingShingle | GV Recreation Leisure Mohd Shariff, Nurhazani Zainol Abidin, Azlan Corporate governance practice for tourism small and medium-sized enterprises in Malaysia |
| title | Corporate governance practice for tourism small and medium-sized enterprises in Malaysia |
| title_full | Corporate governance practice for tourism small and medium-sized enterprises in Malaysia |
| title_fullStr | Corporate governance practice for tourism small and medium-sized enterprises in Malaysia |
| title_full_unstemmed | Corporate governance practice for tourism small and medium-sized enterprises in Malaysia |
| title_short | Corporate governance practice for tourism small and medium-sized enterprises in Malaysia |
| title_sort | corporate governance practice for tourism small and medium sized enterprises in malaysia |
| topic | GV Recreation Leisure |
| url | https://repo.uum.edu.my/id/eprint/23960/1/IJAAS%205%201%202018%2024%2030.pdf |
| work_keys_str_mv | AT mohdshariffnurhazani corporategovernancepracticefortourismsmallandmediumsizedenterprisesinmalaysia AT zainolabidinazlan corporategovernancepracticefortourismsmallandmediumsizedenterprisesinmalaysia |