How Does Product Market Competition Shape Managerial Incentives? Evidence In Malaysian Listed Companies
The objectives of the research study is to detennine whether product market competition (PMC) and other control variables: firm age, finn growth, and leverage influence managerial incentives of non-financial listed companies in Malaysia. The study also verifies the accuracy of managerialism, agen...
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| Main Author: | |
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| Format: | Final Year Project Report |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak, (UNIMAS)
2016
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/37799/1/Loh%20Hui%20San%20ft.pdf http://ir.unimas.my/id/eprint/37799/ |
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| Summary: | The objectives of the research study is to detennine whether product market
competition (PMC) and other control variables: firm age, finn growth, and leverage
influence managerial incentives of non-financial listed companies in Malaysia. The
study also verifies the accuracy of managerialism, agency, and bargaining theories,
which are used to explain the result of the study. The study uses 524 non-financial
listed companies in Bursa Malaysia from year 2010 to 2014 as sample. After rectify
the heteroscedasticity and serial correlation problems, the study is more appropriate to
use panel regression and fixed-effect model, which are used to estimate the regression
model of study. The result of study documents that product market competition
(hereafter PMC), firm age, and leverage have significant and positive relationship with
managerial incentives at 1 % significant level. Meanwhile, firm growth shows
significant and negative relationship with managerial incentives at 10% significant
level. The findings of the study can be used as a guidelines for policy makers in
determining the appropriate level of managerial incentives of non-financial listed
companies in Malaysia. |
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