The effect of Malaysian Code of Corporate Governance (MCCG) implementation to companies’ performances

This study aims to highlight whether the implementation of Malaysian Code of Corporate Governance in 2000 and 2007 (proxies for ERM practices) gives an impact to companies’ performances. Using a data set from 1998 up-to 2011 and employing Independent t-Test and Paired Sample t-Test, several compani...

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Bibliographic Details
Main Authors: Ghazali, Zahiruddin, Abdul Manab, Norlida
Format: Article
Language:English
Published: World Business Institute 2013
Subjects:
Online Access:http://repo.uum.edu.my/15403/1/139.pdf
http://repo.uum.edu.my/15403/
http://www.jafepapers.com/page.php?y=2013&m=December
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Summary:This study aims to highlight whether the implementation of Malaysian Code of Corporate Governance in 2000 and 2007 (proxies for ERM practices) gives an impact to companies’ performances. Using a data set from 1998 up-to 2011 and employing Independent t-Test and Paired Sample t-Test, several companies’ ratio related to ERM practices were tested.From test result, it is found that MCCG2000 produces more impact compared to MCCG2007 to companies’ performances. Moreover, nonfinancial companies were found to be benefiting more from MCCG implementation compared to finance related companies.