Cover Image

Board mechanisms and Malaysian Family Companies' Performance

Many overseas studies discussed the topic of corporate governance and performance in family companies, however, few studies have been conducted in Malaysia. The objective of this paper is to examine the board mechanisms and family companies’ performance using three performance indicators (Tobin’s Q,...

Full description

Saved in:
Bibliographic Details
Main Authors: Noor Afza Amran,, Ayoib Che Ahmad,
Format: Article
Language:English
Published: FEP 2011
Online Access:http://journalarticle.ukm.my/5436/1/vol2ch2.pdf
http://journalarticle.ukm.my/5436/
http://www.ukm.my/ajag/issues.html
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-ukm.journal.5436
record_format eprints
spelling my-ukm.journal.54362016-12-14T06:38:26Z http://journalarticle.ukm.my/5436/ Board mechanisms and Malaysian Family Companies' Performance Noor Afza Amran, Ayoib Che Ahmad, Many overseas studies discussed the topic of corporate governance and performance in family companies, however, few studies have been conducted in Malaysia. The objective of this paper is to examine the board mechanisms and family companies’ performance using three performance indicators (Tobin’s Q, Earnings Per Share & Operating Cash Flow). The sample size is 189 family companies listed on Bursa Malaysia from 2003 to 2007. The findings from this study reveal that some of the board mechanisms influence family companies’ performance. This study evidenced that family companies with a large board size, low directors’ expertise and duality leadership contribute to higher family companies’ performance. However, this study found that the academic qualification of directors does not influence firm performance. Therefore, generally, regulators and investors need to be sensitive to the fact that family companies do have differences in corporate governance practices compared to non-family companies. FEP 2011 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/5436/1/vol2ch2.pdf Noor Afza Amran, and Ayoib Che Ahmad, (2011) Board mechanisms and Malaysian Family Companies' Performance. Asian Journal of Accounting and Governance, 2 . pp. 15-26. ISSN 2180-3838 http://www.ukm.my/ajag/issues.html
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Many overseas studies discussed the topic of corporate governance and performance in family companies, however, few studies have been conducted in Malaysia. The objective of this paper is to examine the board mechanisms and family companies’ performance using three performance indicators (Tobin’s Q, Earnings Per Share & Operating Cash Flow). The sample size is 189 family companies listed on Bursa Malaysia from 2003 to 2007. The findings from this study reveal that some of the board mechanisms influence family companies’ performance. This study evidenced that family companies with a large board size, low directors’ expertise and duality leadership contribute to higher family companies’ performance. However, this study found that the academic qualification of directors does not influence firm performance. Therefore, generally, regulators and investors need to be sensitive to the fact that family companies do have differences in corporate governance practices compared to non-family companies.
format Article
author Noor Afza Amran,
Ayoib Che Ahmad,
spellingShingle Noor Afza Amran,
Ayoib Che Ahmad,
Board mechanisms and Malaysian Family Companies' Performance
author_facet Noor Afza Amran,
Ayoib Che Ahmad,
author_sort Noor Afza Amran,
title Board mechanisms and Malaysian Family Companies' Performance
title_short Board mechanisms and Malaysian Family Companies' Performance
title_full Board mechanisms and Malaysian Family Companies' Performance
title_fullStr Board mechanisms and Malaysian Family Companies' Performance
title_full_unstemmed Board mechanisms and Malaysian Family Companies' Performance
title_sort board mechanisms and malaysian family companies' performance
publisher FEP
publishDate 2011
url http://journalarticle.ukm.my/5436/1/vol2ch2.pdf
http://journalarticle.ukm.my/5436/
http://www.ukm.my/ajag/issues.html
_version_ 1643736412917334016
score 13.211869

Similar Items