ARTÍCULO
TITULO

Ownership Structure, Corporate Governance and Firm Performance

Pang Elvin    
Nik Intan Norhan Bt Abdul Hamid    

Resumen

Based on previous studies, ownership structure is not standardized across different country and economic sectors. In other words, each country or economic sector might have different types of sustainable ownership structure that contribute to the competitive and healthiness of a firm. Failure to establish a sustainable ownership structure may produce a result that is contradicted from what is expected by the shareholders. This situation frames a picture that ownership structure is a vital determinant in enhancing firm performance. By highlighting the corporate governance components that normally used in the academic research, this study tends to identify the important components that applied in the reforms of the Malaysian corporate governance. This study is needed as a tool to proof whether the ownership structures and corporate governance practices are truly influenced firm performance. The purpose of the study is to investigate the relationship between firms? ownership structures, corporate governance pratices and firm performance. Specifically, this study narrows the ownership structures categories into; institutional, government, family, foreign, managerial and concentrated. Besides, this study focuses on ten corporate governance components which include board structure, CEO duality, board size, independent board of directors, directors? professionalism/qualification, board meeting, board committee, directors? remuneration, transparency and disclose, merger and acquisition. Firm performance will be measured in the aspect of accounting profitability- return on asset and return on equity; and market performance- Tobin-Q, price to earnings and price to book value. The participating firms of this study are non-financial public firms that are actively listed in the main market of Bursa Malaysia during the five years period (2010 to 2014). The sample will be tested and analyzed by using empirical quantitative method, linear regression, multiple regression and panel data regression analysis.Keywords: Ownership Structure, Corporate Governance, Bursa MalaysiaJEL Classifications: H5; H7; P4

 Artículos similares

       
 
Hassan H. H. Aldboush and Marah Ferdous    
This research paper explores the ethical considerations in using financial technology (fintech), focusing on big data, artificial intelligence (AI), and privacy. Using a systematic literature-review methodology, the study identifies ethical and privacy i... ver más

 
Ayman Hassan Bazhair and Hamid Ghazi H Sulimany    
This paper explores the moderating role of family ownership in the relationship between board diversity and financial performance. The study sampled data of 98 Saudi non-financial companies from 2012 to 2021. The data were analysed using fixed effect reg... ver más

 
Umar Butt and Trevor William Chamberlain    
This paper examines the relationship between the presence of blockholdings and stock returns and return volatility in the United Arab Emirates. Earlier studies report mixed results for the direction of the relationships across both developed and emerging... ver más

 
Nizar Yousef Ahmed Naim and Nora Azureen Abdul Rahman    
Recent studies indicate that lending portfoliocomposition in Islamic banks is concentrated towardsdebt-based lending portfolio; however, the ideal lending portfoliocomposition in Islamic banks should be an equity-based lending portfolio. This article exp... ver más

 
Lenka Stryckova    
Financial decision making in family companies is a topical issue that has arisen from an awareness of the significant impact of family businesses on the economies of individual countries. This article deals with the capital structure and business perform... ver más