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Ownership structure, corporate governance and firm performance

Based on previous studies, ownership structure is not standardized across different country and economic sectors. In other words, each country or economic sector might have different types of sustainable ownership structure that contribute to the competitive and healthiness of a firm. Failure to est...

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Main Authors: Elvin, P., Abdul Hamid, N. I. N.
Format: Article
Published: Econjournals 2016
Subjects:
HD28 Management. Industrial Management
Online Access:http://eprints.utm.my/id/eprint/72414/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84973607357&partnerID=40&md5=bc565b6af0eb76661d9b700adccee34e
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spelling my.utm.724142017-11-21T08:17:09Z http://eprints.utm.my/id/eprint/72414/ Ownership structure, corporate governance and firm performance Elvin, P. Abdul Hamid, N. I. N. HD28 Management. Industrial Management Based on previous studies, ownership structure is not standardized across different country and economic sectors. In other words, each country or economic sector might have different types of sustainable ownership structure that contribute to the competitive and healthiness of a firm. Failure to establish a sustainable ownership structure may produce a result that is contradicted from what is expected by the shareholders. This situation frames a picture that ownership structure is a vital determinant in enhancing firm performance. By highlighting the corporate governance components that normally used in the academic research, this study tends to identify the important components that applied in the reforms of the Malaysian corporate governance. This study is needed as a tool to proof whether the ownership structures and corporate governance practices are truly influenced firm performance. The purpose of the study is to investigate the relationship between firms\x92 ownership structures, corporate governance practices and firm performance. Specifically, this study narrows the ownership structures categories into, institutional, government, family, foreign, managerial and concentrated. Besides, this study focuses on ten corporate governance components which include board structure, CEO duality, board size, independent board of directors, directors\x92 professionalism/qualification, board meeting, board committee, directors\x92 remuneration, transparency and disclose, merger and acquisition. Firm performance will be measured in the aspect of accounting profitability-return on asset and return on equity, and market performance-Tobin-Q, price to earnings and price to book value. The participating firms of this study are non-financial public firms that are actively listed in the main market of Bursa Malaysia during the 5-year period (2010-2014). The sample will be tested and analyzed by using empirical quantitative method, linear regression, multiple regression and panel data regression analysis. Econjournals 2016 Article PeerReviewed Elvin, P. and Abdul Hamid, N. I. N. (2016) Ownership structure, corporate governance and firm performance. International Journal of Economics and Financial Issues, 6 (3). pp. 99-108. ISSN 2146-4138 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84973607357&partnerID=40&md5=bc565b6af0eb76661d9b700adccee34e
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Elvin, P.
Abdul Hamid, N. I. N.
Ownership structure, corporate governance and firm performance
description Based on previous studies, ownership structure is not standardized across different country and economic sectors. In other words, each country or economic sector might have different types of sustainable ownership structure that contribute to the competitive and healthiness of a firm. Failure to establish a sustainable ownership structure may produce a result that is contradicted from what is expected by the shareholders. This situation frames a picture that ownership structure is a vital determinant in enhancing firm performance. By highlighting the corporate governance components that normally used in the academic research, this study tends to identify the important components that applied in the reforms of the Malaysian corporate governance. This study is needed as a tool to proof whether the ownership structures and corporate governance practices are truly influenced firm performance. The purpose of the study is to investigate the relationship between firms\x92 ownership structures, corporate governance practices and firm performance. Specifically, this study narrows the ownership structures categories into, institutional, government, family, foreign, managerial and concentrated. Besides, this study focuses on ten corporate governance components which include board structure, CEO duality, board size, independent board of directors, directors\x92 professionalism/qualification, board meeting, board committee, directors\x92 remuneration, transparency and disclose, merger and acquisition. Firm performance will be measured in the aspect of accounting profitability-return on asset and return on equity, and market performance-Tobin-Q, price to earnings and price to book value. The participating firms of this study are non-financial public firms that are actively listed in the main market of Bursa Malaysia during the 5-year period (2010-2014). The sample will be tested and analyzed by using empirical quantitative method, linear regression, multiple regression and panel data regression analysis.
format Article
author Elvin, P.
Abdul Hamid, N. I. N.
author_facet Elvin, P.
Abdul Hamid, N. I. N.
author_sort Elvin, P.
title Ownership structure, corporate governance and firm performance
title_short Ownership structure, corporate governance and firm performance
title_full Ownership structure, corporate governance and firm performance
title_fullStr Ownership structure, corporate governance and firm performance
title_full_unstemmed Ownership structure, corporate governance and firm performance
title_sort ownership structure, corporate governance and firm performance
publisher Econjournals
publishDate 2016
url http://eprints.utm.my/id/eprint/72414/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84973607357&partnerID=40&md5=bc565b6af0eb76661d9b700adccee34e
_version_ 1643656435131744256
score 13.211869

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