The Effect of Government and State Ownerships on Performance: An Analysis of Malaysian Listed Companies
This study aims to determine the effect of government and state ownerships on performance in Malaysia. The study used Government-Linked Investment Companies (GLICs) as proxies of government ownership. We used ROA, ROE, Tobin's Q and shareholder's return to measure performance. The study ba...
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| 格式: | Thesis |
| 語言: | English English |
| 出版: |
2011
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| 主題: | |
| 在線閱讀: | http://etd.uum.edu.my/2590/1/Zarina_Nadakkavil_Alassan.pdf http://etd.uum.edu.my/2590/2/1.Zarina_Nadakkavil_Alassan.pdf http://etd.uum.edu.my/2590/ |
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| 總結: | This study aims to determine the effect of government and state ownerships on performance in Malaysia. The study used Government-Linked Investment Companies (GLICs) as proxies of government ownership. We used ROA, ROE, Tobin's Q and shareholder's return to measure performance. The study based on sample of 200 and 180 listed companies in Main Market of Bursa Malaysia, with 400 and 360 company-year observations. The regression analysis shows that EPF is significantly and positively related to ROA, ROE and Tobin's Q after controlling for company specific characteristic such as company size and leverage. |
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