Expropriation of minority shareholders' rights: Evidence from Malaysia
The objectives of this study are to investigate the factors and the extent level of expropriation of minority shareholders’ rights in context of Malaysia.Analysis of sixty companies listed from two industries in Bursa Malaysia was selected.Descriptive analysis and ordinary least squares (OLS) regre...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Centre for Promoting Ideas
2011
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| Online Access: | https://repo.uum.edu.my/id/eprint/9091/1/24.pdf |
| _version_ | 1803625762823077888 |
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| author | Mustafa, Nurul Huda Abdul Latif, Rohaida Taliyang, Siti Mariana |
| author_facet | Mustafa, Nurul Huda Abdul Latif, Rohaida Taliyang, Siti Mariana |
| author_sort | Mustafa, Nurul Huda |
| collection | UUM |
| description | The objectives of this study are to investigate the factors and the extent level of expropriation of minority shareholders’ rights in context of Malaysia.Analysis of sixty companies listed from two industries in Bursa
Malaysia was selected.Descriptive analysis and ordinary least squares (OLS) regression model are performed in this study The variables tested are ownership concentration, firm size, board independence, profitability, level of leverage and firm growth.From these variables, only three variables can be concluded as factors influencing the expropriation of minority shareholders' rights in Malaysia. The number of independent outside directors increases the potential for expropriation of minority shareholders' rights.However, this relationship became opposite when the directors have a different characteristic among boards
that affect their independence level.Profitability and growth are highly correlated.When the model is estimated using either one of them, the result is significantly negative, which means that profitable or growing
firms have less incentives to engage in related party transactions. |
| first_indexed | 2024-07-04T05:39:26Z |
| format | Article |
| id | uum-9091 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:39:26Z |
| publishDate | 2011 |
| publisher | Centre for Promoting Ideas |
| record_format | dspace |
| spelling | uum-90912016-04-24T06:32:12Z https://repo.uum.edu.my/id/eprint/9091/ Expropriation of minority shareholders' rights: Evidence from Malaysia Mustafa, Nurul Huda Abdul Latif, Rohaida Taliyang, Siti Mariana HF5601 Accounting The objectives of this study are to investigate the factors and the extent level of expropriation of minority shareholders’ rights in context of Malaysia.Analysis of sixty companies listed from two industries in Bursa Malaysia was selected.Descriptive analysis and ordinary least squares (OLS) regression model are performed in this study The variables tested are ownership concentration, firm size, board independence, profitability, level of leverage and firm growth.From these variables, only three variables can be concluded as factors influencing the expropriation of minority shareholders' rights in Malaysia. The number of independent outside directors increases the potential for expropriation of minority shareholders' rights.However, this relationship became opposite when the directors have a different characteristic among boards that affect their independence level.Profitability and growth are highly correlated.When the model is estimated using either one of them, the result is significantly negative, which means that profitable or growing firms have less incentives to engage in related party transactions. Centre for Promoting Ideas 2011 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/9091/1/24.pdf Mustafa, Nurul Huda and Abdul Latif, Rohaida and Taliyang, Siti Mariana (2011) Expropriation of minority shareholders' rights: Evidence from Malaysia. International Journal of Business and Social Science, 2 (13). pp. 215-220. ISSN 2219-1933 http://www.ijbssnet.com/ |
| spellingShingle | HF5601 Accounting Mustafa, Nurul Huda Abdul Latif, Rohaida Taliyang, Siti Mariana Expropriation of minority shareholders' rights: Evidence from Malaysia |
| title | Expropriation of minority shareholders' rights: Evidence from Malaysia |
| title_full | Expropriation of minority shareholders' rights: Evidence from Malaysia |
| title_fullStr | Expropriation of minority shareholders' rights: Evidence from Malaysia |
| title_full_unstemmed | Expropriation of minority shareholders' rights: Evidence from Malaysia |
| title_short | Expropriation of minority shareholders' rights: Evidence from Malaysia |
| title_sort | expropriation of minority shareholders rights evidence from malaysia |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/9091/1/24.pdf |
| work_keys_str_mv | AT mustafanurulhuda expropriationofminorityshareholdersrightsevidencefrommalaysia AT abdullatifrohaida expropriationofminorityshareholdersrightsevidencefrommalaysia AT taliyangsitimariana expropriationofminorityshareholdersrightsevidencefrommalaysia |