The value impact of international and industrial diversifications on public‐listed firms in Malaysia
This study examines the relationship between firm value and both international and industrial diversification involvements for a sample of 267 listed firms in Malaysia over 2001–2009. We find no evidence that international diversification has any significant impact on the firm value but industry div...
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| Format: | Article |
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Elsevier
2012
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| Online Access: | http://eprints.sunway.edu.my/1401/ |
| _version_ | 1848802049744961536 |
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| author | Lee, Kian Tek * Hooy, C. W. Hooy, G. K. |
| author_facet | Lee, Kian Tek * Hooy, C. W. Hooy, G. K. |
| author_sort | Lee, Kian Tek * |
| building | SU Institutional Repository |
| collection | Online Access |
| description | This study examines the relationship between firm value and both international and industrial diversification involvements for a sample of 267 listed firms in Malaysia over 2001–2009. We find no evidence that international diversification has any significant impact on the firm value but industry diversification locally slightly increases firm value, even after controlling for the degree of ownership concentration. Our research further indicates that without any diversification involvement, family ownership presents lower value than foreign and government ownerships; and with industrial diversification family ownership presents significant higher value than foreign and government ownerships. |
| first_indexed | 2025-11-14T21:17:10Z |
| format | Article |
| id | sunway-1401 |
| institution | Sunway University |
| institution_category | Local University |
| last_indexed | 2025-11-14T21:17:10Z |
| publishDate | 2012 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | sunway-14012020-10-01T07:09:42Z http://eprints.sunway.edu.my/1401/ The value impact of international and industrial diversifications on public‐listed firms in Malaysia Lee, Kian Tek * Hooy, C. W. Hooy, G. K. HF Commerce This study examines the relationship between firm value and both international and industrial diversification involvements for a sample of 267 listed firms in Malaysia over 2001–2009. We find no evidence that international diversification has any significant impact on the firm value but industry diversification locally slightly increases firm value, even after controlling for the degree of ownership concentration. Our research further indicates that without any diversification involvement, family ownership presents lower value than foreign and government ownerships; and with industrial diversification family ownership presents significant higher value than foreign and government ownerships. Elsevier 2012-06-13 Article PeerReviewed Lee, Kian Tek * and Hooy, C. W. and Hooy, G. K. (2012) The value impact of international and industrial diversifications on public‐listed firms in Malaysia. Emerging Markets Review, 13 (3). pp. 366-380. ISSN 15660141 http://doi.org/10.1016/j.ememar.2012.06.001 doi:10.1016/j.ememar.2012.06.001 |
| spellingShingle | HF Commerce Lee, Kian Tek * Hooy, C. W. Hooy, G. K. The value impact of international and industrial diversifications on public‐listed firms in Malaysia |
| title | The value impact of international and industrial diversifications on public‐listed firms in Malaysia |
| title_full | The value impact of international and industrial diversifications on public‐listed firms in Malaysia |
| title_fullStr | The value impact of international and industrial diversifications on public‐listed firms in Malaysia |
| title_full_unstemmed | The value impact of international and industrial diversifications on public‐listed firms in Malaysia |
| title_short | The value impact of international and industrial diversifications on public‐listed firms in Malaysia |
| title_sort | value impact of international and industrial diversifications on public‐listed firms in malaysia |
| topic | HF Commerce |
| url | http://eprints.sunway.edu.my/1401/ http://eprints.sunway.edu.my/1401/ http://eprints.sunway.edu.my/1401/ |