Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies
The purpose of this study is to investigate the relationship between family ownership structure and firm value among Malaysian public listed companies. A total of 896 companies listed on Bursa Malaysia from years 2000 to 2003 were selected as the sample. The findings revealed that non-family firms w...
| Main Authors: | , , , |
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| Format: | Monograph |
| Language: | English |
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Universiti Utara Malaysia
2005
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/5982/1/FAMILY_OWNERSHIP%2C_GOVERNANCE_MECHANISMS...pdf |
| _version_ | 1825801884998303744 |
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| author | Amran, Noor Afza Che Ahmad, Ayoib Saad, Natrah Mat, Noh |
| author_facet | Amran, Noor Afza Che Ahmad, Ayoib Saad, Natrah Mat, Noh |
| author_sort | Amran, Noor Afza |
| collection | UUM |
| description | The purpose of this study is to investigate the relationship between family ownership structure and firm value among Malaysian public listed companies. A total of 896 companies listed on Bursa Malaysia from years 2000 to 2003 were selected as the sample. The findings revealed that non-family firms with smaller board size are better-off than non-family firms with larger board size when family CEO and family ownership are used as the hypothesis variables. Furthermore, documented results suggest that family controlled firms practicing duality leadership performed better when compared with family controlled firms with unitary leadership when the family member is the CEO of the company. This study may be useful to regulators, particularly the Securities Commission, Bursa Malaysia, investors and public in assessing the corporate performance of family controlled firms in Malaysia. |
| first_indexed | 2024-07-04T05:29:24Z |
| format | Monograph |
| id | uum-5982 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:29:24Z |
| publishDate | 2005 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-59822013-07-18T06:53:54Z https://repo.uum.edu.my/id/eprint/5982/ Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies Amran, Noor Afza Che Ahmad, Ayoib Saad, Natrah Mat, Noh HD Industries. Land use. Labor The purpose of this study is to investigate the relationship between family ownership structure and firm value among Malaysian public listed companies. A total of 896 companies listed on Bursa Malaysia from years 2000 to 2003 were selected as the sample. The findings revealed that non-family firms with smaller board size are better-off than non-family firms with larger board size when family CEO and family ownership are used as the hypothesis variables. Furthermore, documented results suggest that family controlled firms practicing duality leadership performed better when compared with family controlled firms with unitary leadership when the family member is the CEO of the company. This study may be useful to regulators, particularly the Securities Commission, Bursa Malaysia, investors and public in assessing the corporate performance of family controlled firms in Malaysia. Universiti Utara Malaysia 2005-07 Monograph NonPeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/5982/1/FAMILY_OWNERSHIP%2C_GOVERNANCE_MECHANISMS...pdf Amran, Noor Afza and Che Ahmad, Ayoib and Saad, Natrah and Mat, Noh (2005) Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies. Project Report. Universiti Utara Malaysia, Sintok. (Unpublished) http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000240202 |
| spellingShingle | HD Industries. Land use. Labor Amran, Noor Afza Che Ahmad, Ayoib Saad, Natrah Mat, Noh Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies |
| title | Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies |
| title_full | Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies |
| title_fullStr | Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies |
| title_full_unstemmed | Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies |
| title_short | Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies |
| title_sort | family ownership governance mechanisms and firm value evidence from malaysian public listed companies |
| topic | HD Industries. Land use. Labor |
| url | https://repo.uum.edu.my/id/eprint/5982/1/FAMILY_OWNERSHIP%2C_GOVERNANCE_MECHANISMS...pdf |
| work_keys_str_mv | AT amrannoorafza familyownershipgovernancemechanismsandfirmvalueevidencefrommalaysianpubliclistedcompanies AT cheahmadayoib familyownershipgovernancemechanismsandfirmvalueevidencefrommalaysianpubliclistedcompanies AT saadnatrah familyownershipgovernancemechanismsandfirmvalueevidencefrommalaysianpubliclistedcompanies AT matnoh familyownershipgovernancemechanismsandfirmvalueevidencefrommalaysianpubliclistedcompanies |