Ahmad, Abd Halim @ Hamilton and Abdullah, Nur Adiana Hiau and Taufil Mohd, Kamarun Nisham (2019) Corporate Restructuring and Political Connections: Do Connections Matter? (S/O 13894). Technical Report. UUM, Sintok. (Submitted)

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Abstract

This study aims to examine the role of institutional factors, which includes the board size, blockholder ownership, and political connections, as part of the determinants on the outcomes of financially distressed listed companies in Malaysia. The study applies logistic regression analysis to a sample of financially distressed Malaysian public listed companies over the period 2001 to 2014. A ROC curve is used to indicate the predictive accuracy of the model. The results suggest that earnings before interest and tax to interest expense ratio, the cumulative average abnormal return of days -1 to +1, blockholder ownership, and political connections are significant at the 5% level. The findings of this study provide important implications for policymakers, firms, and potential investors in understanding financially distressed listed companies as part of their evaluation. This study contributes to the existing literature by examining institutional factors on the outcomes of financially distressed listed firms. The existing literature has been limited to empirical evidences from developed countries, which have a different institutional framework from developing countries.

Item Type:	Monograph (Technical Report)
Additional Information:	Geration Grant
Subjects:	J Political Science > JA Political science (General)
Divisions:	Research and Innovation Management Centre (RIMC)
Depositing User:	Mdm. Rozana Zakaria
Date Deposited:	03 Feb 2025 10:08
Last Modified:	03 Feb 2025 10:08
URI:	https://repo.uum.edu.my/id/eprint/31975

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