Corporate Governance Structure and Performance of Malaysian Listed Companies

2006-03-24articleJournal of Business Finance &amp Accounting1,126 citationsclosed

No readable copy stored yet — this record is metadata only.

Corporate Finance and Governance Auditing, Earnings Management, Governance Corporate Governance and Financial Management

Abstract

Abstract: This study investigates the relationship between the corporate governance structure and performance of 347 companies listed on the Kuala Lumpur Stock Exchange (KLSE) between 1996 and 2000. We found board size and top five substantial shareholdings to be significantly associated with both market and accounting performance measures. In addition, we found a significant relationship between multiple directorships and market performance while role duality and managerial shareholdings are significantly associated with accounting performance. The result is robust with respect to controls for gearing, company size, industry membership and growth opportunities.

Citations in this library

Stored only when both papers are in the corpus — 1,126 citations exist upstream.

References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure

1983Separation of Ownership and Control

2011External Control of Organizations: Resource Dependence Perspective

1981Credit Rationing in Markets with Imperfect Information

1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

1986Large Shareholders and Corporate Control

1933The Modern Corporation and Private Property

1988Management ownership and market valuation

Cited by

2012Corporate governance in emerging markets: A survey

2008The impact of board size on firm performance: evidence from the UK

2009The relationship between corporate social responsibility disclosure and corporate governance characteristics in Malaysian public listed companies

2016The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector

2015Does Board Gender Diversity Influence Financial Performance? Evidence from Spain

2020Corporate governance and firms financial performance in the United Kingdom

2018Ownership structure, board of directors and firm performance: evidence from Taiwan

2017Corporate governance, capital structure and firm performance: Evidence from Thailand