The Effect of Government and State Ownerships on Performance: An Analysis of Malaysian Listed Companies

• Main Author: Zarina, Nadakkavil Alassan
• Format: Thesis
• Language: English; English
• Published: 2011
• Subjects: HD3611-4730.9 Industrial Policy. The state and industrial
• Online Access: 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/

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.