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The effect of owner's gender and age to firm performance: A review on Malaysian public listed family business


Amran, Noor Afza (2011) The effect of owner's gender and age to firm performance: A review on Malaysian public listed family business. Journal of Global Business and Economics, 2 (1). pp. 104-116. ISSN 977-2180-3625

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Abstract

There are lack of studies that discuss the importance of owner’s gender and age with firm performance.Thus, the objective of this study is to examine the relationship between owner’s gender and age with the business performance, which is measured using Tobin’s Q (Q) and Earnings Per Share (EPS). This study uses secondary data approach. The sample size is 182 Malaysian family companies listed on Bursa Malaysia over the period of 2003 to 2007. Findings from this study show that there is a difference between male-led and female-led companies with firm performance. Male owners are found to enhance greater firm value than female owners, when based on the market value (Tobin’s Q).In term of owner’s age, both the market value (Q) and accounting value (EPS) do show a negative relationship with business performance.This explains that matured owners are found to be underperformed, while the young owners are more aggressive in enhancing the firm value. Interestingly, the findings have shown that factors such as owner’s gender and age do enhance company performance, especially for Malaysian family businesses. Regulators, stakeholders and potential investors need to be alert that gender and age plays an important role in the family company success.

Item Type: Article
Uncontrolled Keywords: Owner, gender, age, family business, performance, Malaysia.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 26 Feb 2012 03:12
Last Modified: 24 Apr 2016 01:25
URI: http://repo.uum.edu.my/id/eprint/5111

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