Corporate governance and financial performance of public listed companies: Pre and post implementation of the Malaysian code on corporate governance in 2001
The last two decades have witnessed a flurry of government initiatives around the world to improve their corporate governance (CG) in order to woo back foreign investments following the financial economic crisis1. Prior studies (Mitton, 2002; Tam & Tan 2007) indicate that the crisis...
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| Format: | Thesis |
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2013
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| Summary: | The last two decades have witnessed a flurry of government initiatives around the world to improve their corporate governance (CG) in order to woo back foreign investments following the financial economic crisis1. Prior studies (Mitton, 2002; Tam & Tan 2007) indicate that the crisis was to a certain extent, due to weak CG. The sample comprises panel data of 293 companies listed on the Main and Second Board of Bursa Malaysia spanning over a period of twelve-years from 1995 to 2006. Prior studies did not include small companies in their sample and also concentrate on a few years (Petra, 2002). Therefore, this study sets to examine the impact of CG and ownership structures on firm performance before and after the implementation of MCCG in 2001. Subsequently, multiple linear regressions using fixed effect method was conducted for each period before and after implementation of MCCG in 2001 and by sector to determine the effects (if any). |
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