Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies
This paper investigates the impact of divestiture strategy on Malaysia listed company performance. This paper attempts to determine ownership expropriation and use of proceeds associated based on the Agency Theory. We consider a sample of more than 100 companies between 2008 and 2013. We focus on M...
| Main Authors: | , , , |
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| Format: | Proceeding |
| Language: | English |
| Published: |
Varazdin Development and Entrepreneurship Agency (VADEA)
2016
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17415/ http://ir.unimas.my/id/eprint/17415/1/Rayenda.pdf |
| _version_ | 1848838282062856192 |
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| author | Ung, Likjing Rayenda Khresna, Brahmana Puah, Chin Hong Hooy, Chee-Wooi |
| author_facet | Ung, Likjing Rayenda Khresna, Brahmana Puah, Chin Hong Hooy, Chee-Wooi |
| author_sort | Ung, Likjing |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This paper investigates the impact of divestiture strategy on Malaysia listed company performance. This paper attempts to determine ownership expropriation and use of proceeds associated based on the Agency Theory. We consider a sample of more than 100 companies
between 2008 and 2013. We focus on Malaysia listed firm which is developing country. Our findings provide that return on asset as accounting measures performance will tend to increase when divestiture strategy is adopted while Tobin’s q as market-based measures performance will
decrease when divestiture strategy is used by firm. |
| first_indexed | 2025-11-15T06:53:04Z |
| format | Proceeding |
| id | unimas-17415 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:53:04Z |
| publishDate | 2016 |
| publisher | Varazdin Development and Entrepreneurship Agency (VADEA) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-174152021-06-01T11:56:21Z http://ir.unimas.my/id/eprint/17415/ Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies Ung, Likjing Rayenda Khresna, Brahmana Puah, Chin Hong Hooy, Chee-Wooi HD28 Management. Industrial Management This paper investigates the impact of divestiture strategy on Malaysia listed company performance. This paper attempts to determine ownership expropriation and use of proceeds associated based on the Agency Theory. We consider a sample of more than 100 companies between 2008 and 2013. We focus on Malaysia listed firm which is developing country. Our findings provide that return on asset as accounting measures performance will tend to increase when divestiture strategy is adopted while Tobin’s q as market-based measures performance will decrease when divestiture strategy is used by firm. Varazdin Development and Entrepreneurship Agency (VADEA) 2016 Proceeding PeerReviewed text en http://ir.unimas.my/id/eprint/17415/1/Rayenda.pdf Ung, Likjing and Rayenda Khresna, Brahmana and Puah, Chin Hong and Hooy, Chee-Wooi (2016) Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies. In: 18th International Scientific Conference on Economic and Social Development, 9-10 December 2016, Zagreb, Croatia. https://search.proquest.com/docview/1856836859/fulltext/97A9E2E4896545F0PQ/1?accountid=40705 |
| spellingShingle | HD28 Management. Industrial Management Ung, Likjing Rayenda Khresna, Brahmana Puah, Chin Hong Hooy, Chee-Wooi Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies |
| title | Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies |
| title_full | Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies |
| title_fullStr | Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies |
| title_full_unstemmed | Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies |
| title_short | Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies |
| title_sort | divestiture, corporate performance and ownership expropriation: evidence on malaysia public-listed companies |
| topic | HD28 Management. Industrial Management |
| url | http://ir.unimas.my/id/eprint/17415/ http://ir.unimas.my/id/eprint/17415/ http://ir.unimas.my/id/eprint/17415/1/Rayenda.pdf |