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Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni

The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. He...

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Main Authors: Abd. Hamid, Azmi, Abdul Aziz, Rozainun, Hosni, Asyifa Laila
Format: Article
Language:English
Published: Research Management Institute (RMI) 2014
Subjects:
Malaysia
Online Access:https://ir.uitm.edu.my/id/eprint/12432/2/12432.pdf
https://ir.uitm.edu.my/id/eprint/12432/
https://smrj.uitm.edu.my/
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spelling my.uitm.ir.124322023-04-10T01:45:02Z https://ir.uitm.edu.my/id/eprint/12432/ Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni smrj Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila Malaysia Malaysia The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. Hence, the result reveals a significant association between family-owned companies' performance in relation to management and governance mechanisms. However, the findings found that Malaysian family-owned companies may be reluctant to protect the minority shareholders’ rights as the findings show that the independent directors portrayed significant negative association with the firm’s performance. The presence of the independent directors in the company could not improve the monitoring of the management activities and on shareholders' influence. In addition, the ROE result shows that the larger managerial ownerships, the higher the firms' performance but in turn it will heighten the minority shareholders' expropriation. The higher level of managerial. Research Management Institute (RMI) 2014 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/12432/2/12432.pdf Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni. (2014) Social and Management Research Journal (SMRJ), 11 (1). pp. 1-29. ISSN 1675-7017 https://smrj.uitm.edu.my/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Malaysia
Malaysia
spellingShingle Malaysia
Malaysia
Abd. Hamid, Azmi
Abdul Aziz, Rozainun
Hosni, Asyifa Laila
Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
description The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. Hence, the result reveals a significant association between family-owned companies' performance in relation to management and governance mechanisms. However, the findings found that Malaysian family-owned companies may be reluctant to protect the minority shareholders’ rights as the findings show that the independent directors portrayed significant negative association with the firm’s performance. The presence of the independent directors in the company could not improve the monitoring of the management activities and on shareholders' influence. In addition, the ROE result shows that the larger managerial ownerships, the higher the firms' performance but in turn it will heighten the minority shareholders' expropriation. The higher level of managerial.
format Article
author Abd. Hamid, Azmi
Abdul Aziz, Rozainun
Hosni, Asyifa Laila
author_facet Abd. Hamid, Azmi
Abdul Aziz, Rozainun
Hosni, Asyifa Laila
author_sort Abd. Hamid, Azmi
title Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_short Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_full Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_fullStr Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_full_unstemmed Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_sort governance mechanisms and firm performance in family-owned companies in malaysia / azmi abd. hamid, rozainun abdul aziz and asyifa laila hosni
publisher Research Management Institute (RMI)
publishDate 2014
url https://ir.uitm.edu.my/id/eprint/12432/2/12432.pdf
https://ir.uitm.edu.my/id/eprint/12432/
https://smrj.uitm.edu.my/
_version_ 1762841145500499968
score 13.211869

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