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Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.

According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Fur...

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Main Authors: Mohd Salim, Wan Noraini, Abdul Ghadas, Zuhairah Ariff
Format: Article
Language:English
Published: INSI Publications 2012
Subjects:
KPG Malaysia
Online Access:http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf
http://irep.iium.edu.my/27649/
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spelling my.iium.irep.276492014-07-16T08:11:13Z http://irep.iium.edu.my/27649/ Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff KPG Malaysia According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis. INSI Publications 2012-12 Article REM application/pdf en http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf Mohd Salim, Wan Noraini and Abdul Ghadas, Zuhairah Ariff (2012) Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Australian Journal of Basic and Applied Sciences, 6 (11). pp. 354-360. ISSN 1991-8178
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic KPG Malaysia
spellingShingle KPG Malaysia
Mohd Salim, Wan Noraini
Abdul Ghadas, Zuhairah Ariff
Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
description According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis.
format Article
author Mohd Salim, Wan Noraini
Abdul Ghadas, Zuhairah Ariff
author_facet Mohd Salim, Wan Noraini
Abdul Ghadas, Zuhairah Ariff
author_sort Mohd Salim, Wan Noraini
title Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_short Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_full Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_fullStr Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_full_unstemmed Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_sort sustainability of the family ownership in a family business via inheritance: an appraisal with special reference to the malaysian law.
publisher INSI Publications
publishDate 2012
url http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf
http://irep.iium.edu.my/27649/
_version_ 1643609366636527616
score 13.211869

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