The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms
This study aims to investigate the impact of corporate governance attributes and code amendments of 2012 on the performance of 162 trading and services listed firms in Bursa Malaysia. A corporate governance index score adopted from the Taylor model and formulated based on the MCCG best practices is...
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Inderscience
2017
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my.iium.irep.551092017-07-06T05:47:21Z http://irep.iium.edu.my/55109/ The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms Laallam, Abdelkader Alom, Fardous Mohamad, Azhar HG4001 Financial management. Business finance. Corporation finance. This study aims to investigate the impact of corporate governance attributes and code amendments of 2012 on the performance of 162 trading and services listed firms in Bursa Malaysia. A corporate governance index score adopted from the Taylor model and formulated based on the MCCG best practices is used to measure the corporate governance attributes level. Return on assets (ROA), return on equity (ROE) and market return measurement (Tobin's Q) are used in this study. A panel data test has been conducted followed by post hoc test in order to assess the changes in firm's performance throughout the period 2010-2014. The findings show a positive significant relationship between corporate governance attributes and firm performance for accounting and market-based proxies. While the relationship between the corporate governance amendment (CGA) and accounting based firm performance proxies ROA and ROE turns out to be negatively significant with market-based firm performance proxy TQ. Inderscience 2017-01 Article REM application/pdf en http://irep.iium.edu.my/55109/1/Lallama%20et%20al%20%282017%29%20IJEBR.pdf application/pdf en http://irep.iium.edu.my/55109/7/55109_The%20effects%20of%20corporate%20governance%20attributes%20and%20code_Scopus.pdf Laallam, Abdelkader and Alom, Fardous and Mohamad, Azhar (2017) The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms. International Journal of Economics and Business Research, 13 (1). pp. 72-94. ISSN 1756-9850 http://www.inderscience.com/info/inarticle.php?artid=81772 DOI: 10.1504/IJEBR.2017.10002645 |
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HG4001 Financial management. Business finance. Corporation finance. Laallam, Abdelkader Alom, Fardous Mohamad, Azhar The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms |
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This study aims to investigate the impact of corporate governance attributes and code amendments of 2012 on the performance of 162 trading and services listed firms in Bursa Malaysia. A corporate governance index score adopted from the Taylor model and formulated based on the MCCG best practices is used to measure the corporate governance attributes level. Return on assets (ROA), return on equity (ROE) and market return measurement (Tobin's Q) are used in this study. A panel data test has been conducted followed by post hoc test in order to assess the changes in firm's performance throughout the period 2010-2014. The findings show a positive significant relationship between corporate governance attributes and firm performance for accounting and market-based proxies. While the relationship between the corporate governance amendment (CGA) and accounting based firm performance proxies ROA and ROE turns out to be negatively significant with market-based firm performance proxy TQ. |
format |
Article |
author |
Laallam, Abdelkader Alom, Fardous Mohamad, Azhar |
author_facet |
Laallam, Abdelkader Alom, Fardous Mohamad, Azhar |
author_sort |
Laallam, Abdelkader |
title |
The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms |
title_short |
The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms |
title_full |
The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms |
title_fullStr |
The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms |
title_full_unstemmed |
The effects of corporate governance attributes and code amendments on the performance of Malaysian trading and services firms |
title_sort |
effects of corporate governance attributes and code amendments on the performance of malaysian trading and services firms |
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Inderscience |
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2017 |
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http://irep.iium.edu.my/55109/1/Lallama%20et%20al%20%282017%29%20IJEBR.pdf http://irep.iium.edu.my/55109/7/55109_The%20effects%20of%20corporate%20governance%20attributes%20and%20code_Scopus.pdf http://irep.iium.edu.my/55109/ http://www.inderscience.com/info/inarticle.php?artid=81772 |
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