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Founder effectiveness in sustaining financial performance: influence of family ownership

This paper aims to investigate the association between the founder-CEO and the level of firm financial sustainability in the presence of family ownership by using a unique dataset of publicly listed construction firms in Malaysia from 2009 to 2017. Our regression results show that the founder-CEO an...

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Main Authors: Norazlin, Ahmad, Irene, Wei Kiong Ting, Le, Hanh Thi My
Format: Article
Language:English
Published: Inderscience Enterprises Ltd. 2020
Subjects:
HG Finance
Online Access:http://umpir.ump.edu.my/id/eprint/30407/1/Founder%20effectiveness%20in%20sustaining%20financial%20performance1.pdf
http://umpir.ump.edu.my/id/eprint/30407/
https://dx.doi.org/10.1504/JIBED.2020.106174
https://dx.doi.org/10.1504/JIBED.2020.106174
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id my.ump.umpir.30407
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spelling my.ump.umpir.304072022-04-13T05:09:56Z http://umpir.ump.edu.my/id/eprint/30407/ Founder effectiveness in sustaining financial performance: influence of family ownership Norazlin, Ahmad Irene, Wei Kiong Ting Le, Hanh Thi My HG Finance This paper aims to investigate the association between the founder-CEO and the level of firm financial sustainability in the presence of family ownership by using a unique dataset of publicly listed construction firms in Malaysia from 2009 to 2017. Our regression results show that the founder-CEO and family ownership significantly and negatively affect financial sustainability, which is proxied by operational self-sufficiency. However, their negative effects are alleviated when the founder-CEO and family ownership interact. These results show that the founder-CEO may be ineffective in sustaining the financial performance in the construction industry. This study calls for greater examinations of founder effectiveness under the influence of family ownership. Inderscience Enterprises Ltd. 2020 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/30407/1/Founder%20effectiveness%20in%20sustaining%20financial%20performance1.pdf Norazlin, Ahmad and Irene, Wei Kiong Ting and Le, Hanh Thi My (2020) Founder effectiveness in sustaining financial performance: influence of family ownership. Journal for International Business and Entrepreneurship Development, 12 (2/3). pp. 109-121. ISSN 1747-6763 https://dx.doi.org/10.1504/JIBED.2020.106174 https://dx.doi.org/10.1504/JIBED.2020.106174
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Norazlin, Ahmad
Irene, Wei Kiong Ting
Le, Hanh Thi My
Founder effectiveness in sustaining financial performance: influence of family ownership
description This paper aims to investigate the association between the founder-CEO and the level of firm financial sustainability in the presence of family ownership by using a unique dataset of publicly listed construction firms in Malaysia from 2009 to 2017. Our regression results show that the founder-CEO and family ownership significantly and negatively affect financial sustainability, which is proxied by operational self-sufficiency. However, their negative effects are alleviated when the founder-CEO and family ownership interact. These results show that the founder-CEO may be ineffective in sustaining the financial performance in the construction industry. This study calls for greater examinations of founder effectiveness under the influence of family ownership.
format Article
author Norazlin, Ahmad
Irene, Wei Kiong Ting
Le, Hanh Thi My
author_facet Norazlin, Ahmad
Irene, Wei Kiong Ting
Le, Hanh Thi My
author_sort Norazlin, Ahmad
title Founder effectiveness in sustaining financial performance: influence of family ownership
title_short Founder effectiveness in sustaining financial performance: influence of family ownership
title_full Founder effectiveness in sustaining financial performance: influence of family ownership
title_fullStr Founder effectiveness in sustaining financial performance: influence of family ownership
title_full_unstemmed Founder effectiveness in sustaining financial performance: influence of family ownership
title_sort founder effectiveness in sustaining financial performance: influence of family ownership
publisher Inderscience Enterprises Ltd.
publishDate 2020
url http://umpir.ump.edu.my/id/eprint/30407/1/Founder%20effectiveness%20in%20sustaining%20financial%20performance1.pdf
http://umpir.ump.edu.my/id/eprint/30407/
https://dx.doi.org/10.1504/JIBED.2020.106174
https://dx.doi.org/10.1504/JIBED.2020.106174
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score 13.211869

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