Multiple directorships, board characteristics and firm performance in Malaysia
The objective of the study is two-fold.First, the study examines the extent of multiple directorship practices of Malaysian public listed companies.Secondly, the study assesses the relationship of several board characteristics with firm performance.Using a sample of 132 companies in 2008, the resu...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Scientific & Academic Publishing
2013
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/9090/1/10.5.pdf http://repo.uum.edu.my/9090/ http://dx.doi.org/10.5923/j.mm.20130302.07 |
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| Summary: | The objective of the study is two-fold.First, the study examines the extent of multiple directorship practices of
Malaysian public listed companies.Secondly, the study assesses the relationship of several board characteristics
with firm performance.Using a sample of 132 companies in 2008, the result shows that almost 90% of directors of Malaysian public listed firms have between 1 to 3 directorships. The multiple directorships affect firms’ market performance positively but not significantly.Ex government officials and founders have positive and significant influence on performance.Family ownership is significant and has U-shaped relationship with performance. The findings to some extent have policy implication to corporate governance practices |
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