Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]

Ethical values of business are normally jeopardized by the stiff competitions among them. Thus, ownership structure plays vital roles to balance these issues. This paper aims to study the relationship between ownership structures and performance pre and post Malaysian Codes on Corporate Governance...

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Main Authors: Mohd Dah, Mohd Farhan, Zainon, Saunah, Zakaria, Nor Balkish, Omar, Normah
Format: Article
Language:English
Published: Universiti Teknologi MARA Cawangan Selangor 2016
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/31012/
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author Mohd Dah, Mohd Farhan
Zainon, Saunah
Zakaria, Nor Balkish
Omar, Normah
author_facet Mohd Dah, Mohd Farhan
Zainon, Saunah
Zakaria, Nor Balkish
Omar, Normah
author_sort Mohd Dah, Mohd Farhan
building UiTM Institutional Repository
collection Online Access
description Ethical values of business are normally jeopardized by the stiff competitions among them. Thus, ownership structure plays vital roles to balance these issues. This paper aims to study the relationship between ownership structures and performance pre and post Malaysian Codes on Corporate Governance (MCCG) 2012 revision. Based on a random sampling of 100 Bursa Malaysia listed companies, a final of 500 firm-year observations were chosen for the duration of 2010 till 2014. This study engaged several univariate and multivariate analyses to serve the empirical evidence. Despite the better Corporate Governance practices among the sample companies, the multivariate results showed that family ownership, government ownership, institutional ownership and company size have significant and positive relationship with firm performance only for MCCG 2012 revision. Due to the unfavorable Malaysian stock market for both 2013 and 2014, the results of post MCCG 2012 revision showed an insignificant effect between ownership structures and firm performance. Even though the corporate governance practices were favorably reported, the ownership structures were still powerless to influence the firm performance.
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spelling uitm-310122020-06-15T04:49:42Z https://ir.uitm.edu.my/id/eprint/31012/ Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.] mar Mohd Dah, Mohd Farhan Zainon, Saunah Zakaria, Nor Balkish Omar, Normah Professional ethics Malaysia Ethical values of business are normally jeopardized by the stiff competitions among them. Thus, ownership structure plays vital roles to balance these issues. This paper aims to study the relationship between ownership structures and performance pre and post Malaysian Codes on Corporate Governance (MCCG) 2012 revision. Based on a random sampling of 100 Bursa Malaysia listed companies, a final of 500 firm-year observations were chosen for the duration of 2010 till 2014. This study engaged several univariate and multivariate analyses to serve the empirical evidence. Despite the better Corporate Governance practices among the sample companies, the multivariate results showed that family ownership, government ownership, institutional ownership and company size have significant and positive relationship with firm performance only for MCCG 2012 revision. Due to the unfavorable Malaysian stock market for both 2013 and 2014, the results of post MCCG 2012 revision showed an insignificant effect between ownership structures and firm performance. Even though the corporate governance practices were favorably reported, the ownership structures were still powerless to influence the firm performance. Universiti Teknologi MARA Cawangan Selangor 2016-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/31012/1/AJ_MOHD%20FARHAN%20MOHD%20DAH%20MAR%20B%2016.pdf Mohd Dah, Mohd Farhan and Zainon, Saunah and Zakaria, Nor Balkish and Omar, Normah (2016) Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]. (2016) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29.html>, 15 (2). pp. 1-19. ISSN 2550-1895 http://arionline.uitm.edu.my/ojs/index.php/MAR/article/view/587
spellingShingle Professional ethics
Malaysia
Mohd Dah, Mohd Farhan
Zainon, Saunah
Zakaria, Nor Balkish
Omar, Normah
Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]
title Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]
title_full Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]
title_fullStr Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]
title_full_unstemmed Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]
title_short Ethical values and competitiveness within concentrated ownership structure in Malaysia / Mohd Farhan Mohd Dah … [et al.]
title_sort ethical values and competitiveness within concentrated ownership structure in malaysia / mohd farhan mohd dah … [et al.]
topic Professional ethics
Malaysia
url https://ir.uitm.edu.my/id/eprint/31012/
https://ir.uitm.edu.my/id/eprint/31012/