Diversity of Southeast Asian Capitalisms: Evolving State-Business Relations in Malaysia

Gomez, Edmund Terence; Micheaux, Elsa Lafaye de

doi:10.1080/00472336.2017.1322629

Cited by 19 publications

(21 citation statements)

References 27 publications

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“…In addition, Malaysian researchers could investigate how corporate characteristics differ according to different types of shareholder political connections. Without doubt, future research could augment extant literature of this nature (Fraser et al, 2006;Mitchell & Joseph, 2010) by categorising the different types of government-related shareholders according to their policy missions and portfolio management approaches (Sinnadurai, 2016;Gomez & de Micheaux, 2017).…”

Section: Discussionmentioning

confidence: 99%

“…Hence, the nature of agency costs and the efficacy of agency mechanisms may differ between family and non-family companies (Wang, 2006;Ali et al, 2007;Chen et al, 2008;Claessens & Yurtoglu, 2013). Research from Malaysia has the potential to contribute to this literature because socio-political factors have resulted in a high concentration of family companies in Malaysia (Heng & Sieh, 2004;Gomez & de Micheaux, 2017).…”

Section: Discussionmentioning

confidence: 99%

“…These hypotheses development could refer to differences in fund management approaches among the different types of shareholder political connections. Most of the political connections related to social policy are active portfolio managers, seeking to maximise portfolio returns for distribution to their beneficiaries (Gomez & de Micheaux, 2017). Conversely, political connections related to economic policies are more likely to adopt a "buy and hold" approach, seeking active input into the governance of the companies so as to achieve their public policy objectives (Sinnadurai, 2016).…”

Section: Suggestions As To How Malaysian Researchers Could Build On Tmentioning

confidence: 99%

“…This review paper explores several gaps in the literature to which Malaysian research could contribute. Research (Sinnadurai, 2016;Heng & Sieh, 2004;Gomez & de Micheaux, 2017) has investigated whether corporate political connections constitute an agency cost or an agency mechanism. Research (Sinnadurai, 2016) has also noted that Malaysian firms have many political connections and different types of political connections.…”

Section: Introductionmentioning

confidence: 99%

“…This is because Malaysia has a high percentage of family companies as well as different types of family companies. In fact, these family companies in Malaysia can be distinguished according to whether they are Nanyang or non-Nanyang family companies and also the extent to which they employ professional management (Heng & Sieh, 2004;Gomez & de Micheaux, 2017).…”

Section: Introductionmentioning

confidence: 99%

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A Vision for Malaysian and Other ASEAN Researchers to Contribute to the International Agency Theory-based Literature

Sinnadurai

2018

AJBA

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Manuscript type: Review paper Research aims: This paper offers Southeast Asian researchers, particularly those from ASEAN, a vision to contribute to international agency theory literature. Design/Methodology/Approach: Most of the studies reviewed were identified during the author's preparation for this paper which involves Malaysia. Research findings: Three research streams to which Malaysian researchers can contribute are: political connections, family companies and corporate recovery. The socio-political contexts that have resulted in Malaysia being a suitable environment are also discussed. This paper identifies gaps in the literature; it accumulates arguments defining why the Malaysian setting is apposite and it also offers research design suggestions for Malaysians and researchers from Indonesia, the Philippines and Thailand, with some defining differences, to follow.

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