Corporate Governance Mechanisms and Performance of Public-Listed Family-Ownership in Malaysia

Abstract

<p>The study examines the relationship of corporate governance mechanisms and performance between family and non-family ownership of public-listed firm in Malaysia from 1999 through 2005 as measured by Tobin&rsquo;s Q, ROA and ROE. The findings show that on average, family ownership experiences a higher value than non-family ownership based on ROE. On the other hand, based on Tobin&rsquo;s Q and ROA, the study finds that firm value is lower in family than non- family ownership. In addition, the corporate governance mechanisms such as the board size, independent director and duality for family and non-family ownership has a strong significant influence on firm performance.</p

Audit Committee, Corporate Governance and Firm Performance: Empirical Evidence from India

“…The variables considered in this study (board size, board composition, duality, promoter shareholding) have been found to have some impact on the financial performance of a firm which has been measured based on return on assets, return on equity and Tobin's q in various research papers (Ibrahim & Samad, 2014;Kiel & Nicholson 2003;and Rhoades et al, 2001). However, the relevance of audit committee characteristics has not been investigated much.…”

Outside Directors, Corporate Governance and Firm Performance: Empirical Evidence from India

“…Choi et al (2007) in Korean context, suggests that the family ownership concentration negatively affects the board independence and firm performance. Ibrahim and Samad (2011) for Malaysian companies find that the family concentration negatively moderates firm performance. Based on related literature and findings we hypothesize that:…”

Moderating Influence of Board Diversity and Directors Compensation on Corporate Governance Structure and Financial Performance of the companies listed on the Nairobi Stock Exchange

“…In using the technique, Ordinary Least Square (OLS) method was used for model estimation. OLS is used when all the observations for the time series are treated as single sample [55][56][57]. The same method was used in several past studies on corporate governance which applied panel methodology [58].…”