An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia
The purpose of this study is to explore the firm characteristics of family-managed firms in Malaysian public-listed firms. Selected firms were matched for size and industry before comparisons were made between the family-managed firms and non-family-managed firms. The data were collected using secon...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2013
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/28354/ http://psasir.upm.edu.my/id/eprint/28354/1/28354.pdf |
| _version_ | 1848846094506655744 |
|---|---|
| author | Mustapha, Mazlina Imam Muslim, Zurimah |
| author_facet | Mustapha, Mazlina Imam Muslim, Zurimah |
| author_sort | Mustapha, Mazlina |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The purpose of this study is to explore the firm characteristics of family-managed firms in Malaysian public-listed firms. Selected firms were matched for size and industry before comparisons were made between the family-managed firms and non-family-managed firms. The data were collected using secondary sources. Various firm characteristics were investigated. The findings indicate that firms managed by families have a significantly larger
board size, higher number of non-independent directors and executive directors and their directors have significantly longer experience working in the firm. However, the results
suggest that the directors of these family-managed firms significantly lack professional qualification and tend to have fewer meetings compared to those directors in non-family-managed firms. The findings also indicate that the compensations paid to the executive directors of family-managed firms are significantly higher than those paid to executive directors of non-family managed firms. The results also suggest that these firms have not utilised their assets efficiently to generate sales compared to their non-family-business counterparts. |
| first_indexed | 2025-11-15T08:57:15Z |
| format | Article |
| id | upm-28354 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:57:15Z |
| publishDate | 2013 |
| publisher | Universiti Putra Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-283542015-09-21T02:52:20Z http://psasir.upm.edu.my/id/eprint/28354/ An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia Mustapha, Mazlina Imam Muslim, Zurimah The purpose of this study is to explore the firm characteristics of family-managed firms in Malaysian public-listed firms. Selected firms were matched for size and industry before comparisons were made between the family-managed firms and non-family-managed firms. The data were collected using secondary sources. Various firm characteristics were investigated. The findings indicate that firms managed by families have a significantly larger board size, higher number of non-independent directors and executive directors and their directors have significantly longer experience working in the firm. However, the results suggest that the directors of these family-managed firms significantly lack professional qualification and tend to have fewer meetings compared to those directors in non-family-managed firms. The findings also indicate that the compensations paid to the executive directors of family-managed firms are significantly higher than those paid to executive directors of non-family managed firms. The results also suggest that these firms have not utilised their assets efficiently to generate sales compared to their non-family-business counterparts. Universiti Putra Malaysia Press 2013-10 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28354/1/28354.pdf Mustapha, Mazlina and Imam Muslim, Zurimah (2013) An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia. Pertanika Journal of Social Sciences & Humanities, 21 (spec. Oct.). pp. 99-110. ISSN 0128-7702; ESSN: 2231-8534 http://www.pertanika.upm.edu.my/Pertanika%20PAPERS/JSSH%20Vol.%2021%20%28S%29%20Oct.%202013/07%20Page%2099-110.pdf |
| spellingShingle | Mustapha, Mazlina Imam Muslim, Zurimah An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia |
| title | An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia |
| title_full | An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia |
| title_fullStr | An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia |
| title_full_unstemmed | An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia |
| title_short | An empirical examination of family-managed firms and non-family-managed firms: evidence from Malaysia |
| title_sort | empirical examination of family-managed firms and non-family-managed firms: evidence from malaysia |
| url | http://psasir.upm.edu.my/id/eprint/28354/ http://psasir.upm.edu.my/id/eprint/28354/ http://psasir.upm.edu.my/id/eprint/28354/1/28354.pdf |