The corporate risk-taking and performance of politically connected firms: evidence from Malaysia

Chin, Alice; Lye, Ooi Chin; Najaf, Khakan

doi:10.1108/apjba-07-2021-0315

Cited by 5 publications

(1 citation statement)

References 73 publications

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“…Arniati et al (2024) indicate the different impacts of political connections on firm performance. Chin et al (2024) claim that politically connected firms normally underperform than their counterparts.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Political Involvement on Firms’ Financial Performance

Shira

2024

IJEFI

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Political involvement helps businesses to obtain key government resources and support. Political involvement assists businesses to take actions that reduce uncertainty, provide shield and environmental dependence from the environmental threats that can directly impact their performance. This study aims to investigate the impact of political involvement on banks’ sustainable performance in selected South Asian economies (Pakistan, Bangladesh, India, and Sri Lanka). The data is collected from DataStream for the period of 2013-2022. The Generalized Method of Moments (GMM) is employed to analyze the results. The study finds that political involvement negatively affects the firm’s sustainable performance. This study is helpful for management of the organizations and shareholders to increase firm performance by reducing political involvement.

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Section: Introductionmentioning

confidence: 99%

The Impact of Political Involvement on Firms’ Financial Performance

Shira

2024

IJEFI

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Fintech and corporate governance: at times of financial crisis

Najaf,

Chin,

Fook

et al. 2023

Electron Commer Res

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The objective of this research is to probe the moderating role of Big Four auditors (a representative of corporate governance) on the market performance of firms during the pandemic period, with specific focus on Fintech and non-Fintech firms. Design/Methodology: Employing data from 48 Fintech and 140 non-Fintech firms spanning 2010 to 2021, the study utilizes ordinary least squares, quantile regression, and dynamic Generalised Moments Method (GMM) regression to assess the implications of engaging with a Big Four auditor on firms' market performance during the pandemic. The study reveals that Fintech firms, compared to their non-Fintech counterparts, displayed a significantly poorer market performance by 110.4% during the pandemic. Additionally, Fintech firms audited by a Big Four auditor experienced a decline in market performance by 101.9%, indicating a potential negative impact of Big Four auditors' engagement for Fintech firms in crisis periods. The outcomes of this research underscore the importance of corporate governance during financial crises, and its influence on shareholder perception, especially in the context of Fintech firms. As such, it provides meaningful insights for governments, policymakers, and various practitioners including firm shareholders and start-up entrepreneurs. This study introduces a novel examination of the moderating effect of Big Four auditors on firms' market performance during a pandemic, especially in the context of Fintech firms. By shedding light on the relationship between corporate governance and market performance during crises, it fills a significant gap in the existing literature.

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The role of Fintech firms’ sustainability during the COVID-19 period

Toumi¹,

Najaf

Dhiaf³

et al. 2023

Environ Sci Pollut Res

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This study investigates the moderating role of environmental disclosures on the market performance of 48 Fintech and 140 non-Fintech firms during the pandemic using data from 2011 to 2022. Ordinary least squares and correlations were used for data analysis. The study’s first finding revealed that Fintech firms had a better environmental performance (78.4%) than non-Fintech firms during the pandemic. The study’s second finding indicated that environmental disclosures are crucial for shareholders and contributed almost 10.2% to the Fintech firms’ market performance during the pandemic. This study’s contribution is significant in enhancing the understanding of the shareholders’ sensitivity towards sustainability disclosures during financial crisis. The findings of this study are essential for policymakers, start-up entrepreneurs, and shareholders.

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The corporate risk-taking and performance of politically connected firms: evidence from Malaysia

Cited by 5 publications

References 73 publications

The Impact of Political Involvement on Firms’ Financial Performance

The Impact of Political Involvement on Firms’ Financial Performance

Fintech and corporate governance: at times of financial crisis

The role of Fintech firms’ sustainability during the COVID-19 period

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