Corporate Governance and Firm Performance: Evidence from Listed Malaysian Firms

Mohamad, Shafi; Pantamee, Abdurrahman Adamu; Keong, Ooi Chee; Garrett, Kwong Wing Chong

doi:10.37200/ijpr/v24i2/pr200690

Cited by 7 publications

(4 citation statements)

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“…According to Soei, Setiawan and Fitriani (2019), good CG became a critical issue from the Asian Financial Crisis in 1997. However, most research examined the effects of CG on Public-Listed Companies (PLCs) FP but not on M-GLCs (Mohamad, Pantamee, & Keong, 2020;Tan & Patricia, 2020) and S-GLCs (Chen, 2019;Duppati, Rao, Matlani, & Scrimgeour, 2019). Even though the number of research studies on CG topic had recently increased, there was still an absence of research that examined and compared the effects of CG between M-GLCs and S-GLCs FP.…”

Section: Problem Statementmentioning

confidence: 99%

Corporate Governance Codes and Intellectual Capital: Evaluating the Performance Impacts among Government-Linked Companies in Malaysia and Singapore – A Panel Data Analysis

et al. 2021

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The objective of this study was to examine and compare the effects of corporate governance (CG) and intellectual capital (IC) between Malaysia Government-Linked Companies’ (M-GLCs) and Singapore Government-Linked Companies’ (S-GLCs) firm performance (FP). Panel data analysis was employed to analyse the impact of CG’s variables and IC’s variables on FP. FP was measured by Return on Total Assets (ROA), Tobin’s Q and Earnings Per Share (EPS). Data was gathered from the website of Bursa Malaysia and the Stock Exchange of Singapore from 2005 to 2018. The sample size of this research was 60 GLCs which comprised of 34 M-GLCs and 26 S-GLCs. There were a total 840 firm year observations. Results indicated that CGs of S-GLCs have greater impact on FP when compared to M-GLCs while the findings of the IC of M-GLCs have greater impact on FP compared to S-GLCs. This research was helpful in offering further insights of CG practices and IC efficiency to the Government, Board of Directors, policy makers, shareholders and stakeholders.

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Section: Problem Statementmentioning

confidence: 99%

Corporate Governance Codes and Intellectual Capital: Evaluating the Performance Impacts among Government-Linked Companies in Malaysia and Singapore – A Panel Data Analysis

et al. 2021

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“…While corporate governance practices is not newly introduced, the reformation was only taken seriously after the Asian Financial Crisis in 1997-1998 as the crash was allegedly caused by poor corporate governance (Abdul Wahab, Haron, Char, and Yahya, 2011). The Malaysian Code on Corporate Governance (MCCG) was launced in March 2020 by the working group on the best practices in corporate governance (JPK1) (Mohamad, Pantamee, Ooi and Kwong, 2020). At the same time, the minority shareholders watchdog group (MSWG) was established to safeguard the minority shareholders' interest.…”

Section: Introductionmentioning

confidence: 99%

Panel Data Analysis on the Impact of Corporate Governance on Firm Performance: Evidence from Bursa Malaysia Companies with Good CG Disclosures

2024

MAR

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Using Panel Data Analysis, this research investigated the performance of the firm from the top 100 companies with good CG disclosures (2019) on Bursa Malaysia against corporate governance mechanisms. The study period was 2013 -2019. Firm performance was measured using Earnings per share (EPS), Tobin Q (TQ) and Return on Equity (ROE) while corporate governance mechanisms were CEO Duality (CDUAL), Board Size (BSIZE), Independent Directors (BIND), Board Meetings (BMEET), Women Directors (WOMD), Foreign Qualifications' Directors (FORD). Little evidence was recorded for the period under the study. CDUAL was only significant with ROE, BSIZE was significant with EPS & ROE, BIND was significant with TQ & ROE, BMEET significant with TQ & ROE. WOMD significant with TQ & ROE, FORD was only significant with EPS. Results indicated the companies with good CG disclosures do not correspond with firm performance. Much more CG compliance needs to be done to improve firm performance.

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“…The majority of the available information points to poor corporate governance as a major cause of financial and business scandals (Garrett 2020). Hence, firm performance may be enhanced using a variety of metrics, including corporate governance traits.…”

Section: Introductionmentioning

confidence: 99%

The Interaction Effect of Nomination Committee’s Effectiveness on Board of Directors’ Characteristics and Firm Performance

Al-Absy,

AlMahari

2023

Administrative Sciences

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This study aimed to examine the interaction effect of the nomination committee’s effectiveness on the board of directors’ characteristics and firm performance (measured by return on assets and earnings per share). The nomination committee was scored for committee separation, size, independence, meeting frequency, and the number of female directors. The study selected all listed firms on the Bahrain Bourse for two years, 2020 and 2021, using ordinary least-squares regression to examine the relationship. The results showed that the interaction of the nomination committee with some characteristics of the board of directors had a significant impact on firm performance. With the interaction of the nomination committee, board meeting frequency became significantly positively associated with firm performance as measured by return on assets and earnings per share, as opposed to the insignificant results found in the direct relationship. Similarly, with the interaction of the nomination committee, the number of female directors became more significantly positively associated with firm performance using the measurement of return on assets, while it became significantly positively associated with firm performance using earnings per share, compared to an insignificant positive impact found in the direct relationship. The results show that there is a need to re-evaluate the role of the board of directors and strengthen its effectiveness. This study is the first to alert policymakers, businesses and their stakeholders, and researchers to the significance of having an effective nomination committee, which could play an important role in enhancing the board of directors’ effectiveness and hence firm performance. It makes a significant contribution to the literature by providing empirical evidence on the interaction impact of NC (as a score) on BOD characteristics and firm performance.

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Corporate Governance and Firm Performance: Evidence from Listed Malaysian Firms

Cited by 7 publications

References 0 publications

Corporate Governance Codes and Intellectual Capital: Evaluating the Performance Impacts among Government-Linked Companies in Malaysia and Singapore – A Panel Data Analysis

Corporate Governance Codes and Intellectual Capital: Evaluating the Performance Impacts among Government-Linked Companies in Malaysia and Singapore – A Panel Data Analysis

Panel Data Analysis on the Impact of Corporate Governance on Firm Performance: Evidence from Bursa Malaysia Companies with Good CG Disclosures

The Interaction Effect of Nomination Committee’s Effectiveness on Board of Directors’ Characteristics and Firm Performance

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