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An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia

The purpose of this study is to explore the firm characteristics of family-managed firms in Malaysian public-listed firms. Selected firms were matched for size and industry before comparisons were made between the family-managed firms and non-family-managed firms. The data were collected using secon...

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Main Authors: Mustapha, Mazlina, Imam Muslim, Zurimah
Format: Article
Language:English
Published: Universiti Putra Malaysia Press 2013
Online Access:http://psasir.upm.edu.my/id/eprint/28354/1/28354.pdf
http://psasir.upm.edu.my/id/eprint/28354/
http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2021%20%28S%29%20Oct.%202013/07%20Page%2099-110.pdf
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spelling my.upm.eprints.283542015-09-21T02:52:20Z http://psasir.upm.edu.my/id/eprint/28354/ An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia Mustapha, Mazlina Imam Muslim, Zurimah The purpose of this study is to explore the firm characteristics of family-managed firms in Malaysian public-listed firms. Selected firms were matched for size and industry before comparisons were made between the family-managed firms and non-family-managed firms. The data were collected using secondary sources. Various firm characteristics were investigated. The findings indicate that firms managed by families have a significantly larger board size, higher number of non-independent directors and executive directors and their directors have significantly longer experience working in the firm. However, the results suggest that the directors of these family-managed firms significantly lack professional qualification and tend to have fewer meetings compared to those directors in non-family-managed firms. The findings also indicate that the compensations paid to the executive directors of family-managed firms are significantly higher than those paid to executive directors of non-family managed firms. The results also suggest that these firms have not utilised their assets efficiently to generate sales compared to their non-family-business counterparts. Universiti Putra Malaysia Press 2013-10 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28354/1/28354.pdf Mustapha, Mazlina and Imam Muslim, Zurimah (2013) An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia. Pertanika Journal of Social Sciences & Humanities, 21 (spec. Oct.). pp. 99-110. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2021%20%28S%29%20Oct.%202013/07%20Page%2099-110.pdf
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The purpose of this study is to explore the firm characteristics of family-managed firms in Malaysian public-listed firms. Selected firms were matched for size and industry before comparisons were made between the family-managed firms and non-family-managed firms. The data were collected using secondary sources. Various firm characteristics were investigated. The findings indicate that firms managed by families have a significantly larger board size, higher number of non-independent directors and executive directors and their directors have significantly longer experience working in the firm. However, the results suggest that the directors of these family-managed firms significantly lack professional qualification and tend to have fewer meetings compared to those directors in non-family-managed firms. The findings also indicate that the compensations paid to the executive directors of family-managed firms are significantly higher than those paid to executive directors of non-family managed firms. The results also suggest that these firms have not utilised their assets efficiently to generate sales compared to their non-family-business counterparts.
format Article
author Mustapha, Mazlina
Imam Muslim, Zurimah
spellingShingle Mustapha, Mazlina
Imam Muslim, Zurimah
An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
author_facet Mustapha, Mazlina
Imam Muslim, Zurimah
author_sort Mustapha, Mazlina
title An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
title_short An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
title_full An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
title_fullStr An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
title_full_unstemmed An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
title_sort empirical examination of family-managed firms and non-family-managed firms: evidence from malaysia
publisher Universiti Putra Malaysia Press
publishDate 2013
url http://psasir.upm.edu.my/id/eprint/28354/1/28354.pdf
http://psasir.upm.edu.my/id/eprint/28354/
http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2021%20%28S%29%20Oct.%202013/07%20Page%2099-110.pdf
_version_ 1643829440116948992
score 13.211869

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