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Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)

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Main Authors: Wan Sallha, Yusuf, Wuri, Handayani, Mohd. Sazli, Saad, Mohd Fairuz, Md. Salleh
Other Authors: wansallha@unimap.edu.my
Format: Article
Language:English
Published: EDP Sciences 2020
Subjects:
Institutional geopolitics
Malaysia’s multinational corporation (MNC)
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/69204
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spelling my.unimap-692042020-12-31T05:01:46Z Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs) Wan Sallha, Yusuf Wuri, Handayani Mohd. Sazli, Saad Mohd Fairuz, Md. Salleh wansallha@unimap.edu.my Institutional geopolitics Malaysia’s multinational corporation (MNC) Link to publisher's homepage at https://www.matec-conferences.org/ The purpose of this paper is to examine the relationship between institutional geopolitics, ASEAN corporate governance quality and the firm value of Malaysia’s multinational corporation (MNC). We used the data of MNCs in Malaysia that were active from 2009 to 2013 as an evidence of MNCs from emerging market economies. Descriptive analysis, factor analysis and panel data analysis have been utilized to test the equation model. We also propose optimization analysis by using differential evolution method to capture the optimal mix of institutional geopolitics and ASEAN_CG on the firm value of MNC. Results reveal that the geopolitics of G7(Canada, France, German, Italy, Japan, Europe, and the United States), BRICS (Brazil, Russia, India, China, and South Africa), and ASEAN (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Myanmar, Philippines, Singapore, Thailand, Vietnam, and Malaysia) are highly correlated with the firm value of Malaysia’s MNC. The power of institutional geopolitics, namely, military, material, and social power, influences firm value negatively and ASEAN_CG moderate the negative influence of institutional geopolitics on the firm value of MNC. Thus, it is importance for corporate management to understand the geopolitical changes of host countries’ and increase the compliance of ASEAN_CG in formulating their market value and segmentation strategies. 2020-12-31T05:01:46Z 2020-12-31T05:01:46Z 2018 Article MATEC Web of Conferences, vol.150, 2018, 6 pages 2261-236X (online) http://dspace.unimap.edu.my:80/xmlui/handle/123456789/69204 https://doi.org/10.1051/matecconf/201815006017 en Malaysia Technical Universities Conference on Engineering and Technology (MUCET 2017); EDP Sciences
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Institutional geopolitics
Malaysia’s multinational corporation (MNC)
spellingShingle Institutional geopolitics
Malaysia’s multinational corporation (MNC)
Wan Sallha, Yusuf
Wuri, Handayani
Mohd. Sazli, Saad
Mohd Fairuz, Md. Salleh
Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)
description Link to publisher's homepage at https://www.matec-conferences.org/
author2 wansallha@unimap.edu.my
author_facet wansallha@unimap.edu.my
Wan Sallha, Yusuf
Wuri, Handayani
Mohd. Sazli, Saad
Mohd Fairuz, Md. Salleh
format Article
author Wan Sallha, Yusuf
Wuri, Handayani
Mohd. Sazli, Saad
Mohd Fairuz, Md. Salleh
author_sort Wan Sallha, Yusuf
title Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)
title_short Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)
title_full Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)
title_fullStr Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)
title_full_unstemmed Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs)
title_sort determining the optimal mix of institutional geopolitical power and asean corporate governance on the firm value of malaysia’s multinational corporations (mncs)
publisher EDP Sciences
publishDate 2020
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/69204
_version_ 1698698572656017408
score 13.222552

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