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Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies


Amran, Noor Afza and Che Ahmad, Ayoib and Saad, Natrah and Mat, Noh (2005) Family ownership, governance mechanisms and firm value evidence from Malaysian public listed companies. Project Report. Universiti Utara Malaysia, Sintok. (Unpublished)

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Abstract

The purpose of this study is to investigate the relationship between family ownership structure and firm value among Malaysian public listed companies. A total of 896 companies listed on Bursa Malaysia from years 2000 to 2003 were selected as the sample. The findings revealed that non-family firms with smaller board size are better-off than non-family firms with larger board size when family CEO and family ownership are used as the hypothesis variables. Furthermore, documented results suggest that family controlled firms practicing duality leadership performed better when compared with family controlled firms with unitary leadership when the family member is the CEO of the company. This study may be useful to regulators, particularly the Securities Commission, Bursa Malaysia, investors and public in assessing the corporate performance of family controlled firms in Malaysia.

Item Type: Monograph (Project Report)
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: College of Business
Depositing User: Dr. Noor Afza Amran
Date Deposited: 18 Jul 2013 06:53
Last Modified: 18 Jul 2013 06:53
URI: http://repo.uum.edu.my/id/eprint/5982

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