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The effect of ownership structure on firm performance in Malaysia

Taufil Mohd, Kamarun Nisham and Md Rus, Rohani and Musallam, Sami R. M. (2013) The effect of ownership structure on firm performance in Malaysia. International Journal of Finance and Accounting, 2 (2). pp. 75-81. ISSN 2168-4812

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Abstract

This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009.The results of GLS show that firm performance is positive and significantly related to five government-linked investment companies, foreign ownership, and DPIIs ownership while it is negatively and significantly related to state ownership.These results imply that government ownership through GLICs does not lead to value destruction.In fact, it could lead to better monitoring.However, state ownership leads to lower values.

Item Type: Article
Uncontrolled Keywords: Glics Ownership, State Ownership, Institutional Ownership, Corporate Governance, Performance
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Economics, Finance & Banking
Depositing User: Prof. Dr. Kamarun Nisham Taufil Mohd
Date Deposited: 07 Sep 2015 01:42
Last Modified: 04 Nov 2020 02:01
URI: https://repo.uum.edu.my/id/eprint/15397

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