Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim

The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect...

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Main Author:	Kassim, Marsitah
Format:	Thesis
Language:	English
Published:	2012
Online Access:	https://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf
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id	my-uitm-ir.17177
record_format	uketd_dc
spelling	my-uitm-ir.171772022-04-07T03:39:23Z Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim 2012-07 Kassim, Marsitah The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect of government ownership on firm performance among government-linked companies (GLCs) in Malaysia. It is believed that government ownership serves as a control mechanism that lead to better company performance after controlling company characteristics and after the introduction of Transformation Program in 2005. Beside, this research examines the interaction between government ownership and financial leverage on company's performance. This study was based on a sample of 25 companies listed on Bursa Malaysia over a period from 2007 to 2010 and used ROA and ROE as performance measures. The regression analysis showed that there was no significant relationship between government ownership and company's performance. However, financial leverage appears to have significant relationship with GLCs performance only in 2007 and 2009. This finding is consistent with the argument that certain GLCs in Malaysia have been more concerned with political and social objective rather than profit maximization motivated. 2012-07 Thesis https://ir.uitm.edu.my/id/eprint/17177/ https://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf text en public mphil masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
description	The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect of government ownership on firm performance among government-linked companies (GLCs) in Malaysia. It is believed that government ownership serves as a control mechanism that lead to better company performance after controlling company characteristics and after the introduction of Transformation Program in 2005. Beside, this research examines the interaction between government ownership and financial leverage on company's performance. This study was based on a sample of 25 companies listed on Bursa Malaysia over a period from 2007 to 2010 and used ROA and ROE as performance measures. The regression analysis showed that there was no significant relationship between government ownership and company's performance. However, financial leverage appears to have significant relationship with GLCs performance only in 2007 and 2009. This finding is consistent with the argument that certain GLCs in Malaysia have been more concerned with political and social objective rather than profit maximization motivated.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Master's degree
author	Kassim, Marsitah
spellingShingle	Kassim, Marsitah Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
author_facet	Kassim, Marsitah
author_sort	Kassim, Marsitah
title	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_short	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_full	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_fullStr	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_full_unstemmed	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_sort	government ownership and financing structure of government-linked companies (glcs) and their performance / marsitah kassim
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2012
url	https://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf
_version_	1783733551394455552

Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim

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