Ownership structure variation and firm efficiency
Firms with different ownership structures could be argued to have different levels of efficiency.Highly concentrated firms are expected to be more efficient as this type of ownership structure may alleviate the conflict of interest between managers and this http URL Malaysia, public-listed firms hav...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2014
|
| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/27417/1/ASS%2010%2011%202014%20233%20241.pdf |
| _version_ | 1825805643424989184 |
|---|---|
| author | Hassan, Sallahuddin Othman, Zalila Harun, Mukaramah |
| author_facet | Hassan, Sallahuddin Othman, Zalila Harun, Mukaramah |
| author_sort | Hassan, Sallahuddin |
| collection | UUM |
| description | Firms with different ownership structures could be argued to have different levels of efficiency.Highly concentrated firms are expected to be more efficient as this type of ownership structure may alleviate the conflict of interest between managers and this http URL Malaysia, public-listed firms have been found to have highly concentrated ownership structure.However, whether this evidence holds for every industry has not been established.Hence, the objective of this paper is to investigate whether there are variations in ownership structure and firm's efficiency across this http URL achieve this objective, the frequency distributions of ownership structure were calculated and firms efficiency scores for consumer products, industrial products, construction and trading/services sectors were measured.Data Envelopment Analysis(DEA) under the assumptions of constant returns to scale(CRS) and variable returns to scale(VRS) was employed to estimate firms efficiency scores.A sample of 156 firms listed on the Kuala Lumpur Stock Exchange(KLSE) was selected using the stratified random sampling method. The findings have shown that there are variations in firm ownership structure and efficiency across sectors. |
| first_indexed | 2024-07-04T06:35:37Z |
| format | Article |
| id | uum-27417 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:35:37Z |
| publishDate | 2014 |
| publisher | Canadian Center of Science and Education |
| record_format | eprints |
| spelling | uum-274172020-09-03T00:32:56Z https://repo.uum.edu.my/id/eprint/27417/ Ownership structure variation and firm efficiency Hassan, Sallahuddin Othman, Zalila Harun, Mukaramah HC Economic History and Conditions Firms with different ownership structures could be argued to have different levels of efficiency.Highly concentrated firms are expected to be more efficient as this type of ownership structure may alleviate the conflict of interest between managers and this http URL Malaysia, public-listed firms have been found to have highly concentrated ownership structure.However, whether this evidence holds for every industry has not been established.Hence, the objective of this paper is to investigate whether there are variations in ownership structure and firm's efficiency across this http URL achieve this objective, the frequency distributions of ownership structure were calculated and firms efficiency scores for consumer products, industrial products, construction and trading/services sectors were measured.Data Envelopment Analysis(DEA) under the assumptions of constant returns to scale(CRS) and variable returns to scale(VRS) was employed to estimate firms efficiency scores.A sample of 156 firms listed on the Kuala Lumpur Stock Exchange(KLSE) was selected using the stratified random sampling method. The findings have shown that there are variations in firm ownership structure and efficiency across sectors. Canadian Center of Science and Education 2014 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/27417/1/ASS%2010%2011%202014%20233%20241.pdf Hassan, Sallahuddin and Othman, Zalila and Harun, Mukaramah (2014) Ownership structure variation and firm efficiency. Asian Social Science, 10 (11). pp. 233-241. ISSN 1911-2017 http://doi.org/10.5539/ass.v10n11p233 doi:10.5539/ass.v10n11p233 doi:10.5539/ass.v10n11p233 |
| spellingShingle | HC Economic History and Conditions Hassan, Sallahuddin Othman, Zalila Harun, Mukaramah Ownership structure variation and firm efficiency |
| title | Ownership structure variation and firm efficiency |
| title_full | Ownership structure variation and firm efficiency |
| title_fullStr | Ownership structure variation and firm efficiency |
| title_full_unstemmed | Ownership structure variation and firm efficiency |
| title_short | Ownership structure variation and firm efficiency |
| title_sort | ownership structure variation and firm efficiency |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/27417/1/ASS%2010%2011%202014%20233%20241.pdf |
| work_keys_str_mv | AT hassansallahuddin ownershipstructurevariationandfirmefficiency AT othmanzalila ownershipstructurevariationandfirmefficiency AT harunmukaramah ownershipstructurevariationandfirmefficiency |