Cover Image

Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony

Contemporary corporate scandals and the East Asian financial crisis, other than that the latest global financial recession, is the consequence of incompetent corporate governance structures. In other word, this is contributed by lack of sound corporate governance due to separation of ownership and c...

Full description

Saved in:
Bibliographic Details
Main Author: Dony, Noirom Dony @ Fredolin
Format: Thesis
Language:English
Published: 2015
Subjects:
General works, treatises, and textbooks
Organs and functions of government
Online Access:https://ir.uitm.edu.my/id/eprint/83036/1/83036.pdf
https://ir.uitm.edu.my/id/eprint/83036/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.83036
record_format eprints
spelling my.uitm.ir.830362023-09-15T03:14:10Z https://ir.uitm.edu.my/id/eprint/83036/ Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony Dony, Noirom Dony @ Fredolin General works, treatises, and textbooks Organs and functions of government Contemporary corporate scandals and the East Asian financial crisis, other than that the latest global financial recession, is the consequence of incompetent corporate governance structures. In other word, this is contributed by lack of sound corporate governance due to separation of ownership and control that generates agency problems in the firms. In agency theory, the managers are expected to pursue their own interest rather than the shareholders' interest. This happens as shareholders are usually dispersed, therefore effecting adversely the capabilities to monitor and control managers' actions. It has been broadly recommended that corporate governance attributes develop suitable systems in the form of corporate performance and transparency. Therefore the purpose of this dissertation is to examine the firm value following the introduction of MCCG 2012 recommendations and to analyse and examine the relationship between corporate governance attributes and firm value using the agency theory. The corporate governance attributes examined namely on board size, outside directors, CEO duality and managerial ownership. The sample of this dissertation taken from the top 100 public listed firms on Bursa Malaysia based on their market capitalization. The data mining solely focussing on the corporate annual report as it is easily available, cost effective and minimum bias information. This dissertation discovered that the board size and outside directors are insignificant relationship with the firm value. On the other hand, CEO duality found to be positively and managerial ownership is negatively associated with the firm value. The findings imply that CEO duality suitable to a complex industry with intensifies competition and excessive managerial ownership will result adverse impact on firm value. 2015 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/83036/1/83036.pdf Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony. (2015) Masters thesis, thesis, Universiti Teknologi MARA, Sabah.
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 General works, treatises, and textbooks
Organs and functions of government
spellingShingle General works, treatises, and textbooks
Organs and functions of government
Dony, Noirom Dony @ Fredolin
Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
description Contemporary corporate scandals and the East Asian financial crisis, other than that the latest global financial recession, is the consequence of incompetent corporate governance structures. In other word, this is contributed by lack of sound corporate governance due to separation of ownership and control that generates agency problems in the firms. In agency theory, the managers are expected to pursue their own interest rather than the shareholders' interest. This happens as shareholders are usually dispersed, therefore effecting adversely the capabilities to monitor and control managers' actions. It has been broadly recommended that corporate governance attributes develop suitable systems in the form of corporate performance and transparency. Therefore the purpose of this dissertation is to examine the firm value following the introduction of MCCG 2012 recommendations and to analyse and examine the relationship between corporate governance attributes and firm value using the agency theory. The corporate governance attributes examined namely on board size, outside directors, CEO duality and managerial ownership. The sample of this dissertation taken from the top 100 public listed firms on Bursa Malaysia based on their market capitalization. The data mining solely focussing on the corporate annual report as it is easily available, cost effective and minimum bias information. This dissertation discovered that the board size and outside directors are insignificant relationship with the firm value. On the other hand, CEO duality found to be positively and managerial ownership is negatively associated with the firm value. The findings imply that CEO duality suitable to a complex industry with intensifies competition and excessive managerial ownership will result adverse impact on firm value.
format Thesis
author Dony, Noirom Dony @ Fredolin
author_facet Dony, Noirom Dony @ Fredolin
author_sort Dony, Noirom Dony @ Fredolin
title Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_short Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_full Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_fullStr Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_full_unstemmed Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_sort corporate governance attributes and firm value : evidence from malaysia / noirom dony @ fredolin dony
publishDate 2015
url https://ir.uitm.edu.my/id/eprint/83036/1/83036.pdf
https://ir.uitm.edu.my/id/eprint/83036/
_version_ 1778165928040595456
score 13.211869

Similar Items