Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony

Contemporary corporate scandals and the East Asian financial crisis, other than that the latest global financial recession, is the consequence of incompetent corporate governance structures. In other word, this is contributed by lack of sound corporate governance due to separation of ownership and c...

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Main Author:	Dony, Noirom Dony @ Fredolin
Format:	Thesis
Language:	English
Published:	2015
Subjects:	General works treatises and textbooks Organs and functions of government
Online Access:	https://ir.uitm.edu.my/id/eprint/83036/1/83036.pdf
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id	my-uitm-ir.83036
record_format	uketd_dc
spelling	my-uitm-ir.830362023-09-15T03:14:10Z Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony 2015 Dony, Noirom Dony @ Fredolin General works, treatises, and textbooks Organs and functions of government Contemporary corporate scandals and the East Asian financial crisis, other than that the latest global financial recession, is the consequence of incompetent corporate governance structures. In other word, this is contributed by lack of sound corporate governance due to separation of ownership and control that generates agency problems in the firms. In agency theory, the managers are expected to pursue their own interest rather than the shareholders' interest. This happens as shareholders are usually dispersed, therefore effecting adversely the capabilities to monitor and control managers' actions. It has been broadly recommended that corporate governance attributes develop suitable systems in the form of corporate performance and transparency. Therefore the purpose of this dissertation is to examine the firm value following the introduction of MCCG 2012 recommendations and to analyse and examine the relationship between corporate governance attributes and firm value using the agency theory. The corporate governance attributes examined namely on board size, outside directors, CEO duality and managerial ownership. The sample of this dissertation taken from the top 100 public listed firms on Bursa Malaysia based on their market capitalization. The data mining solely focussing on the corporate annual report as it is easily available, cost effective and minimum bias information. This dissertation discovered that the board size and outside directors are insignificant relationship with the firm value. On the other hand, CEO duality found to be positively and managerial ownership is negatively associated with the firm value. The findings imply that CEO duality suitable to a complex industry with intensifies competition and excessive managerial ownership will result adverse impact on firm value. 2015 Thesis https://ir.uitm.edu.my/id/eprint/83036/ https://ir.uitm.edu.my/id/eprint/83036/1/83036.pdf text en public masters Universiti Teknologi MARA, Sabah Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	General works treatises and textbooks Organs and functions of government
spellingShingle	General works treatises and textbooks Organs and functions of government Dony, Noirom Dony @ Fredolin Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
description	Contemporary corporate scandals and the East Asian financial crisis, other than that the latest global financial recession, is the consequence of incompetent corporate governance structures. In other word, this is contributed by lack of sound corporate governance due to separation of ownership and control that generates agency problems in the firms. In agency theory, the managers are expected to pursue their own interest rather than the shareholders' interest. This happens as shareholders are usually dispersed, therefore effecting adversely the capabilities to monitor and control managers' actions. It has been broadly recommended that corporate governance attributes develop suitable systems in the form of corporate performance and transparency. Therefore the purpose of this dissertation is to examine the firm value following the introduction of MCCG 2012 recommendations and to analyse and examine the relationship between corporate governance attributes and firm value using the agency theory. The corporate governance attributes examined namely on board size, outside directors, CEO duality and managerial ownership. The sample of this dissertation taken from the top 100 public listed firms on Bursa Malaysia based on their market capitalization. The data mining solely focussing on the corporate annual report as it is easily available, cost effective and minimum bias information. This dissertation discovered that the board size and outside directors are insignificant relationship with the firm value. On the other hand, CEO duality found to be positively and managerial ownership is negatively associated with the firm value. The findings imply that CEO duality suitable to a complex industry with intensifies competition and excessive managerial ownership will result adverse impact on firm value.
format	Thesis
qualification_level	Master's degree
author	Dony, Noirom Dony @ Fredolin
author_facet	Dony, Noirom Dony @ Fredolin
author_sort	Dony, Noirom Dony @ Fredolin
title	Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_short	Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_full	Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_fullStr	Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_full_unstemmed	Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony
title_sort	corporate governance attributes and firm value : evidence from malaysia / noirom dony @ fredolin dony
granting_institution	Universiti Teknologi MARA, Sabah
granting_department	Faculty of Accountancy
publishDate	2015
url	https://ir.uitm.edu.my/id/eprint/83036/1/83036.pdf
_version_	1783736362922409984

Corporate governance attributes and firm value : evidence from Malaysia / Noirom Dony @ Fredolin Dony

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