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Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia

The purpose of this study is to investigate level of compliance by corporate governance (CG) code of best practices and sharia' principles among public listed companies in main board of Bursa Malaysia and to provide insights view in determining significance association between the corporate gov...

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Main Author: Saad N.M.
Other Authors: 56070007300
Format: Article
Published: Virtus Interpress 2023
Subjects:
Board of directors' facets
Compliance
Corporate governance
Firm's performance
Syariah
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id my.uniten.dspace-30909
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spelling my.uniten.dspace-309092023-12-29T15:55:41Z Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia Saad N.M. 56070007300 Board of directors' facets Compliance Corporate governance Firm's performance Syariah The purpose of this study is to investigate level of compliance by corporate governance (CG) code of best practices and sharia' principles among public listed companies in main board of Bursa Malaysia and to provide insights view in determining significance association between the corporate governance and sharia' compliance with firm's performance. Corporate governance compliance was measured by three board of directors (henceforth; BOD) facets; (i) director's remuneration, (ii) directors training and (iii) number of family members. Meanwhile, syaria' compliance is based on six proxies, (i) riba, (ii) gambling, (iii) sale of non halal product, (iv) conventional insurance, (v) entertainment and (vi) stockbroking. The data are gathered from the analysis of companies' annual report and Thompson DataStream for a sample of 147 companies (for corporate governance compliance) and 36 companies (for syaria' compliance) over the period of 2003 to 2007. The study employs multiple regression analyses, independent sample T-test and Pearson correlation on the hypotheses tested. The preliminary results reveal most of the company has complied well with the code of best practices and syaria' principles and there is a significant association to the firm's performance besides syaria' compliance firms show a better performance compared to corporate governance compliance firms. Final 2023-12-29T07:55:41Z 2023-12-29T07:55:41Z 2009 Article 10.22495/cocv6i4p14 2-s2.0-84896257997 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84896257997&doi=10.22495%2fcocv6i4p14&partnerID=40&md5=ee8741f05ce0e1f095d85ef5f42c2124 https://irepository.uniten.edu.my/handle/123456789/30909 6 04:00:00 AM 148 158 All Open Access; Green Open Access; Hybrid Gold Open Access Virtus Interpress 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/
topic Board of directors' facets
Compliance
Corporate governance
Firm's performance
Syariah
spellingShingle Board of directors' facets
Compliance
Corporate governance
Firm's performance
Syariah
Saad N.M.
Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia
description The purpose of this study is to investigate level of compliance by corporate governance (CG) code of best practices and sharia' principles among public listed companies in main board of Bursa Malaysia and to provide insights view in determining significance association between the corporate governance and sharia' compliance with firm's performance. Corporate governance compliance was measured by three board of directors (henceforth; BOD) facets; (i) director's remuneration, (ii) directors training and (iii) number of family members. Meanwhile, syaria' compliance is based on six proxies, (i) riba, (ii) gambling, (iii) sale of non halal product, (iv) conventional insurance, (v) entertainment and (vi) stockbroking. The data are gathered from the analysis of companies' annual report and Thompson DataStream for a sample of 147 companies (for corporate governance compliance) and 36 companies (for syaria' compliance) over the period of 2003 to 2007. The study employs multiple regression analyses, independent sample T-test and Pearson correlation on the hypotheses tested. The preliminary results reveal most of the company has complied well with the code of best practices and syaria' principles and there is a significant association to the firm's performance besides syaria' compliance firms show a better performance compared to corporate governance compliance firms.
author2 56070007300
author_facet 56070007300
Saad N.M.
format Article
author Saad N.M.
author_sort Saad N.M.
title Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia
title_short Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia
title_full Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia
title_fullStr Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia
title_full_unstemmed Corporate governance compliance versus syaria' compliance and its link to firm's performance in Malaysia
title_sort corporate governance compliance versus syaria' compliance and its link to firm's performance in malaysia
publisher Virtus Interpress
publishDate 2023
_version_ 1806423304994553856
score 13.222552

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