Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies

• Main Authors: Ung, Likjing, Rayenda Khresna, Brahmana, Puah, Chin Hong, Hooy, Chee-Wooi
• Format: Proceeding
• Language: English
• Published: Varazdin Development and Entrepreneurship Agency (VADEA) 2016
• Subjects: HD28 Management. Industrial Management
• Online Access: http://ir.unimas.my/id/eprint/17415/1/Rayenda.pdf; http://ir.unimas.my/id/eprint/17415/; https://search.proquest.com/docview/1856836859/fulltext/97A9E2E4896545F0PQ/1?accountid=40705

This paper investigates the impact of divestiture strategy on Malaysia listed company performance. This paper attempts to determine ownership expropriation and use of proceeds associated based on the Agency Theory. We consider a sample of more than 100 companies between 2008 and 2013. We focus on M...