Cover Image

Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim

The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect...

Full description

Saved in:
Bibliographic Details
Main Author: Kassim, Marsitah
Format: Thesis
Language:English
Published: 2012
Online Access:https://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf
https://ir.uitm.edu.my/id/eprint/17177/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.17177
record_format eprints
spelling my.uitm.ir.171772022-04-07T03:39:23Z https://ir.uitm.edu.my/id/eprint/17177/ Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim Kassim, Marsitah The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect of government ownership on firm performance among government-linked companies (GLCs) in Malaysia. It is believed that government ownership serves as a control mechanism that lead to better company performance after controlling company characteristics and after the introduction of Transformation Program in 2005. Beside, this research examines the interaction between government ownership and financial leverage on company's performance. This study was based on a sample of 25 companies listed on Bursa Malaysia over a period from 2007 to 2010 and used ROA and ROE as performance measures. The regression analysis showed that there was no significant relationship between government ownership and company's performance. However, financial leverage appears to have significant relationship with GLCs performance only in 2007 and 2009. This finding is consistent with the argument that certain GLCs in Malaysia have been more concerned with political and social objective rather than profit maximization motivated. 2012-07 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf (2012) Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim. Masters thesis, thesis, Universiti Teknologi MARA.
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
description The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect of government ownership on firm performance among government-linked companies (GLCs) in Malaysia. It is believed that government ownership serves as a control mechanism that lead to better company performance after controlling company characteristics and after the introduction of Transformation Program in 2005. Beside, this research examines the interaction between government ownership and financial leverage on company's performance. This study was based on a sample of 25 companies listed on Bursa Malaysia over a period from 2007 to 2010 and used ROA and ROE as performance measures. The regression analysis showed that there was no significant relationship between government ownership and company's performance. However, financial leverage appears to have significant relationship with GLCs performance only in 2007 and 2009. This finding is consistent with the argument that certain GLCs in Malaysia have been more concerned with political and social objective rather than profit maximization motivated.
format Thesis
author Kassim, Marsitah
spellingShingle Kassim, Marsitah
Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
author_facet Kassim, Marsitah
author_sort Kassim, Marsitah
title Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_short Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_full Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_fullStr Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_full_unstemmed Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_sort government ownership and financing structure of government-linked companies (glcs) and their performance / marsitah kassim
publishDate 2012
url https://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf
https://ir.uitm.edu.my/id/eprint/17177/
_version_ 1729707444782759936
score 13.211869

Similar Items