The effect of ownership structure on firm performance in Malaysia

This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-li...

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Main Authors: Taufil Mohd, Kamarun Nisham, Md Rus, Rohani, Musallam, Sami R. M.
Format: Article
Language:English
Published: Scientific & Academic Publishing 2013
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Online Access:http://repo.uum.edu.my/15397/1/10.5923.pdf
http://repo.uum.edu.my/15397/
http://article.sapub.org/10.5923.j.ijfa.20130202.04.html
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spelling my.uum.repo.153972020-11-04T02:01:00Z http://repo.uum.edu.my/15397/ The effect of ownership structure on firm performance in Malaysia Taufil Mohd, Kamarun Nisham Md Rus, Rohani Musallam, Sami R. M. HD28 Management. Industrial Management This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-linked investment companies, foreign ownership, and DPIIs ownership while it is negatively and significantly related to state ownership.These results imply that government ownership through GLICs does not lead to value destruction.In fact, it could lead to better monitoring.However, state ownership leads to lower values. Scientific & Academic Publishing 2013 Article PeerReviewed application/pdf en http://repo.uum.edu.my/15397/1/10.5923.pdf Taufil Mohd, Kamarun Nisham and Md Rus, Rohani and Musallam, Sami R. M. (2013) The effect of ownership structure on firm performance in Malaysia. International Journal of Finance and Accounting, 2 (2). pp. 75-81. ISSN 2168-4812 http://article.sapub.org/10.5923.j.ijfa.20130202.04.html
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Taufil Mohd, Kamarun Nisham
Md Rus, Rohani
Musallam, Sami R. M.
The effect of ownership structure on firm performance in Malaysia
description This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-linked investment companies, foreign ownership, and DPIIs ownership while it is negatively and significantly related to state ownership.These results imply that government ownership through GLICs does not lead to value destruction.In fact, it could lead to better monitoring.However, state ownership leads to lower values.
format Article
author Taufil Mohd, Kamarun Nisham
Md Rus, Rohani
Musallam, Sami R. M.
author_facet Taufil Mohd, Kamarun Nisham
Md Rus, Rohani
Musallam, Sami R. M.
author_sort Taufil Mohd, Kamarun Nisham
title The effect of ownership structure on firm performance in Malaysia
title_short The effect of ownership structure on firm performance in Malaysia
title_full The effect of ownership structure on firm performance in Malaysia
title_fullStr The effect of ownership structure on firm performance in Malaysia
title_full_unstemmed The effect of ownership structure on firm performance in Malaysia
title_sort effect of ownership structure on firm performance in malaysia
publisher Scientific & Academic Publishing
publishDate 2013
url http://repo.uum.edu.my/15397/1/10.5923.pdf
http://repo.uum.edu.my/15397/
http://article.sapub.org/10.5923.j.ijfa.20130202.04.html
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score 13.209306