Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. He...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Research Management Institute (RMI)
2014
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/12432/ |
| _version_ | 1848803155061506048 |
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| author | Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila |
| author_facet | Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila |
| author_sort | Abd. Hamid, Azmi |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. Hence, the result reveals a significant association between family-owned companies' performance in relation to management and governance mechanisms. However, the findings found that Malaysian family-owned companies may be reluctant to protect the minority shareholders’ rights as the findings show that the independent directors portrayed significant negative association with the firm’s performance. The presence of the independent directors in the company could not improve the monitoring of the management activities and on shareholders' influence. In addition, the ROE result shows that the larger managerial ownerships, the higher the firms' performance but in turn it will heighten the minority shareholders' expropriation. The higher level of managerial. |
| first_indexed | 2025-11-14T21:34:45Z |
| format | Article |
| id | uitm-12432 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:34:45Z |
| publishDate | 2014 |
| publisher | Research Management Institute (RMI) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-124322023-04-10T01:45:02Z https://ir.uitm.edu.my/id/eprint/12432/ Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni smrj Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila Malaysia Malaysia The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. Hence, the result reveals a significant association between family-owned companies' performance in relation to management and governance mechanisms. However, the findings found that Malaysian family-owned companies may be reluctant to protect the minority shareholders’ rights as the findings show that the independent directors portrayed significant negative association with the firm’s performance. The presence of the independent directors in the company could not improve the monitoring of the management activities and on shareholders' influence. In addition, the ROE result shows that the larger managerial ownerships, the higher the firms' performance but in turn it will heighten the minority shareholders' expropriation. The higher level of managerial. Research Management Institute (RMI) 2014 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/12432/2/12432.pdf Abd. Hamid, Azmi and Abdul Aziz, Rozainun and Hosni, Asyifa Laila (2014) Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni. (2014) Social and Management Research Journal (SMRJ) <https://ir.uitm.edu.my/view/publication/Social_and_Management_Research_Journal_=28SMRJ=29.html>, 11 (1). pp. 1-29. ISSN 1675-7017 https://smrj.uitm.edu.my/ |
| spellingShingle | Malaysia Malaysia Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni |
| title | Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni |
| title_full | Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni |
| title_fullStr | Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni |
| title_full_unstemmed | Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni |
| title_short | Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni |
| title_sort | governance mechanisms and firm performance in family-owned companies in malaysia / azmi abd. hamid, rozainun abdul aziz and asyifa laila hosni |
| topic | Malaysia Malaysia |
| url | https://ir.uitm.edu.my/id/eprint/12432/ https://ir.uitm.edu.my/id/eprint/12432/ |