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Determinants of Accounting-based Performance: Evidence from Bursa Malaysia


Ismail, Rusmawati and Abdullah, Nur Adiana Hiau and Taufil Mohd, Kamarun Nisham (2018) Determinants of Accounting-based Performance: Evidence from Bursa Malaysia. International Journal of Management Studies (IJMS), 24 (2). pp. 1-22. ISSN 0127-8983

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Abstract

This study aims to examine the determinants of accounting-based performance of 531 non-financial Malaysian listed companies over the period 2004 to 2012.System generalized method of moments reveals that both prior risk-taking behavior and size are found to be important determinants of performance.A significant positive influence of prior risk-taking behavior on performance implies that risk-averse managers are cognitively influenced by their capability in handling risky investments in the past; consequently enhance confidence in their ability to manage profitable investments. The result appears to support the capital asset pricing model implication.Meanwhile, a significant positive size-performance relationship suggests that investors and fund managers should focus on larger companies as they can have better stock performance.

Item Type: Article
Uncontrolled Keywords: Risk-Return Relationship; Reverse Size Effect; System-GMM
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 29 Apr 2018 01:41
Last Modified: 29 Apr 2018 01:41
URI: http://repo.uum.edu.my/id/eprint/24012

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