Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar

Corporate governance has been a pertinent issue for more than two decades. The regulators in Malaysia have actively participated in addressing issues in corporate governance as observed in the changes that have taken place since the first introduction of the Malaysian Code of Corporate Governance in...

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Main Authors: Hariri, Hilwani, Said, Roshima, Mohd. Iskandar, Takiah
Format: Research Reports
Language:English
Published: Research Management Institute (RMI) 2013
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/21564/
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author Hariri, Hilwani
Said, Roshima
Mohd. Iskandar, Takiah
author_facet Hariri, Hilwani
Said, Roshima
Mohd. Iskandar, Takiah
author_sort Hariri, Hilwani
building UiTM Institutional Repository
collection Online Access
description Corporate governance has been a pertinent issue for more than two decades. The regulators in Malaysia have actively participated in addressing issues in corporate governance as observed in the changes that have taken place since the first introduction of the Malaysian Code of Corporate Governance in year 2000 to the Corporate Governance Blueprint 2011. The concept of governance in Islam is highlighted and eventually a checklist on Islamic corporate governance is developed. The checklist is useful to aid governance practice of companies that are categorized as 'Shari'ah' compliance companies in the Bursa Malaysia. This paper firstly, introduces the dimension of Islamic Corporate Governance Index (ICGI). Secondly it determines the relationship of ICGI to performance with ICGI dimensions from previous literature and content analysis. The relationship was tested on the Shar'iah Compliance Companies in Malaysia and Indonesia for the year 2009. The results found that there are significant difference between Shar 'iah Compliance Companies in Malaysia and Indonesia. The total ICGI also does not influence the performance.
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institution Universiti Teknologi MARA
institution_category Local University
language English
last_indexed 2025-11-14T22:08:30Z
publishDate 2013
publisher Research Management Institute (RMI)
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spelling uitm-215642018-10-01T06:48:54Z https://ir.uitm.edu.my/id/eprint/21564/ Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar Hariri, Hilwani Said, Roshima Mohd. Iskandar, Takiah Finance, Islamic Banks and banking. Qanun al-bunuk. Stock exchange Corporate governance has been a pertinent issue for more than two decades. The regulators in Malaysia have actively participated in addressing issues in corporate governance as observed in the changes that have taken place since the first introduction of the Malaysian Code of Corporate Governance in year 2000 to the Corporate Governance Blueprint 2011. The concept of governance in Islam is highlighted and eventually a checklist on Islamic corporate governance is developed. The checklist is useful to aid governance practice of companies that are categorized as 'Shari'ah' compliance companies in the Bursa Malaysia. This paper firstly, introduces the dimension of Islamic Corporate Governance Index (ICGI). Secondly it determines the relationship of ICGI to performance with ICGI dimensions from previous literature and content analysis. The relationship was tested on the Shar'iah Compliance Companies in Malaysia and Indonesia for the year 2009. The results found that there are significant difference between Shar 'iah Compliance Companies in Malaysia and Indonesia. The total ICGI also does not influence the performance. Research Management Institute (RMI) 2013 Research Reports NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/21564/1/LP_HILWANI%20HARIRI%20RMI%2013_5.pdf Hariri, Hilwani and Said, Roshima and Mohd. Iskandar, Takiah (2013) Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar. (2013) [Research Reports] <http://terminalib.uitm.edu.my/21564.pdf> (Unpublished)
spellingShingle Finance, Islamic
Banks and banking. Qanun al-bunuk. Stock exchange
Hariri, Hilwani
Said, Roshima
Mohd. Iskandar, Takiah
Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar
title Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar
title_full Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar
title_fullStr Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar
title_full_unstemmed Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar
title_short Islamic Corporate Governance Index, foreign investment and firm's performance of Shar'iah Compliance Companies: a comparative study of Indonesia and Malaysia / Hilwani Hariri, Roshima Said and Takiah Mohd. Iskandar
title_sort islamic corporate governance index, foreign investment and firm's performance of shar'iah compliance companies: a comparative study of indonesia and malaysia / hilwani hariri, roshima said and takiah mohd. iskandar
topic Finance, Islamic
Banks and banking. Qanun al-bunuk. Stock exchange
url https://ir.uitm.edu.my/id/eprint/21564/