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Will Penang based companies perform better than the market?

This paper examines the antecedents of company's performance and compares the performance between Penang based companies and Non-Penang based companies from firm characteristics point of view for the period of 2004 to 2013. A static panel data structure is employed to examine firm characteristi...

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Main Authors: Lean H.H., Ting I.W.K.
Other Authors: 15849147600
Format: Article
Published: Economics Bulletin 2023
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spelling my.uniten.dspace-228182023-05-29T14:12:27Z Will Penang based companies perform better than the market? Lean H.H. Ting I.W.K. 15849147600 57211409300 This paper examines the antecedents of company's performance and compares the performance between Penang based companies and Non-Penang based companies from firm characteristics point of view for the period of 2004 to 2013. A static panel data structure is employed to examine firm characteristics' effect to firm performance. We find that the Penang based companies outperform Non-Penang based companies. Second, the previous year's performance has a positive impact to the current year's performance for Penang based companies but has a negative impact to the Non-Penang companies. Third, larger firm performs better for Malaysian public listed companies. Fourth, the Penang based companies with their larger investment in intangible assets perform better. Fifth, Malaysian public listed companies should maintain lower gearing in order to increase firm performance. Sixth, the Penang based companies with a higher growth rate and operating cash flow ratio would help in ensuring the firms perform better. Our findings could serve as an indicator in assessing firm characteristics on firm performance for Penang based public listed companies. Final 2023-05-29T06:12:26Z 2023-05-29T06:12:26Z 2016 Article 2-s2.0-84976597321 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84976597321&partnerID=40&md5=7a4e2685c9b42cf8007967e71619e852 https://irepository.uniten.edu.my/handle/123456789/22818 36 1 528 536 Economics Bulletin Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description This paper examines the antecedents of company's performance and compares the performance between Penang based companies and Non-Penang based companies from firm characteristics point of view for the period of 2004 to 2013. A static panel data structure is employed to examine firm characteristics' effect to firm performance. We find that the Penang based companies outperform Non-Penang based companies. Second, the previous year's performance has a positive impact to the current year's performance for Penang based companies but has a negative impact to the Non-Penang companies. Third, larger firm performs better for Malaysian public listed companies. Fourth, the Penang based companies with their larger investment in intangible assets perform better. Fifth, Malaysian public listed companies should maintain lower gearing in order to increase firm performance. Sixth, the Penang based companies with a higher growth rate and operating cash flow ratio would help in ensuring the firms perform better. Our findings could serve as an indicator in assessing firm characteristics on firm performance for Penang based public listed companies.
author2 15849147600
author_facet 15849147600
Lean H.H.
Ting I.W.K.
format Article
author Lean H.H.
Ting I.W.K.
spellingShingle Lean H.H.
Ting I.W.K.
Will Penang based companies perform better than the market?
author_sort Lean H.H.
title Will Penang based companies perform better than the market?
title_short Will Penang based companies perform better than the market?
title_full Will Penang based companies perform better than the market?
title_fullStr Will Penang based companies perform better than the market?
title_full_unstemmed Will Penang based companies perform better than the market?
title_sort will penang based companies perform better than the market?
publisher Economics Bulletin
publishDate 2023
_version_ 1806427958452158464
score 13.244413

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