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Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia

This study examines how controlling shareholders influence firm performance through the mediating role of firm efficiency in transforming inputs into outputs. To achieve this objective, it conducts a mediation analysis with 5,000 bootstraps on a dataset of 2,849 firm-year observations of publicly li...

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Main Authors: Ting, Irene Wei Kiong, Asif, Jawad, Kweh, Qian Long, Phuong, Tran Thi Kim
Format: Article
Language:English
Published: Springer Science and Business Media Deutschland GmbH 2024
Subjects:
HD28 Management. Industrial Management
T Technology (General)
Online Access:http://umpir.ump.edu.my/id/eprint/40955/1/Mediating%20effect%20of%20firm%20efficiency%20on%20the%20controlling%20shareholdings%E2%80%93firm.pdf
http://umpir.ump.edu.my/id/eprint/40955/
https://doi.org/10.1186/s40854-023-00518-x
https://doi.org/10.1186/s40854-023-00518-x
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spelling my.ump.umpir.409552024-05-21T07:22:18Z http://umpir.ump.edu.my/id/eprint/40955/ Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia Ting, Irene Wei Kiong Asif, Jawad Kweh, Qian Long Phuong, Tran Thi Kim HD28 Management. Industrial Management T Technology (General) This study examines how controlling shareholders influence firm performance through the mediating role of firm efficiency in transforming inputs into outputs. To achieve this objective, it conducts a mediation analysis with 5,000 bootstraps on a dataset of 2,849 firm-year observations of publicly listed firms in Malaysia from 2009 to 2019. The findings reveal a positive relationship between controlling shareholdings and firm performance, with both total and indirect effects having this positive relationship. Moreover, while controlling shareholdings improve firm performance, firm efficiency partially mediates this relationship. Thus, improved firm efficiency plays a critical role in understanding the relationship between governance by controlling shareholders and enhanced firm performance. In summary, this study contributes to the existing literature by expanding our understanding of the complex relationship between controlling shareholdings, firm efficiency, and firm performance. In addition, the findings shed light on the importance of indirect channels in shaping organizational outcomes. As such, this study provides a valuable direction for future research in this area. Springer Science and Business Media Deutschland GmbH 2024-12 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/40955/1/Mediating%20effect%20of%20firm%20efficiency%20on%20the%20controlling%20shareholdings%E2%80%93firm.pdf Ting, Irene Wei Kiong and Asif, Jawad and Kweh, Qian Long and Phuong, Tran Thi Kim (2024) Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia. Financial Innovation, 10 (47). pp. 1-20. ISSN 2199-4730. (Published) https://doi.org/10.1186/s40854-023-00518-x https://doi.org/10.1186/s40854-023-00518-x
institution Universiti Malaysia Pahang Al-Sultan Abdullah
building UMPSA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang Al-Sultan Abdullah
content_source UMPSA Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HD28 Management. Industrial Management
T Technology (General)
spellingShingle HD28 Management. Industrial Management
T Technology (General)
Ting, Irene Wei Kiong
Asif, Jawad
Kweh, Qian Long
Phuong, Tran Thi Kim
Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia
description This study examines how controlling shareholders influence firm performance through the mediating role of firm efficiency in transforming inputs into outputs. To achieve this objective, it conducts a mediation analysis with 5,000 bootstraps on a dataset of 2,849 firm-year observations of publicly listed firms in Malaysia from 2009 to 2019. The findings reveal a positive relationship between controlling shareholdings and firm performance, with both total and indirect effects having this positive relationship. Moreover, while controlling shareholdings improve firm performance, firm efficiency partially mediates this relationship. Thus, improved firm efficiency plays a critical role in understanding the relationship between governance by controlling shareholders and enhanced firm performance. In summary, this study contributes to the existing literature by expanding our understanding of the complex relationship between controlling shareholdings, firm efficiency, and firm performance. In addition, the findings shed light on the importance of indirect channels in shaping organizational outcomes. As such, this study provides a valuable direction for future research in this area.
format Article
author Ting, Irene Wei Kiong
Asif, Jawad
Kweh, Qian Long
Phuong, Tran Thi Kim
author_facet Ting, Irene Wei Kiong
Asif, Jawad
Kweh, Qian Long
Phuong, Tran Thi Kim
author_sort Ting, Irene Wei Kiong
title Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia
title_short Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia
title_full Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia
title_fullStr Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia
title_full_unstemmed Mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: Evidence from public listed firms in Malaysia
title_sort mediating effect of firm efficiency on the controlling shareholdings–firm performance nexus: evidence from public listed firms in malaysia
publisher Springer Science and Business Media Deutschland GmbH
publishDate 2024
url http://umpir.ump.edu.my/id/eprint/40955/1/Mediating%20effect%20of%20firm%20efficiency%20on%20the%20controlling%20shareholdings%E2%80%93firm.pdf
http://umpir.ump.edu.my/id/eprint/40955/
https://doi.org/10.1186/s40854-023-00518-x
https://doi.org/10.1186/s40854-023-00518-x
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score 13.232414

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