Pengaruh tadbir urus korporat dan struktur hutang terhadap prestasi syarikat-syarikat awam tersenarai di Malaysia
Company performance is one of the key issues in a company. Strong company performance will provide opportunities for investors, owners and suppliers to create jobs as well as increase the company's wealth. The purpose of this study is to find out how corporate governance and debt structure affe...
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| Format: | Thesis |
| Language: | eng eng |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://etd.uum.edu.my/10723/1/permission%20to%20deposit-grant%20the%20permission-s900221.pdf https://etd.uum.edu.my/10723/2/s900221_01.pdf |
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| Summary: | Company performance is one of the key issues in a company. Strong company performance will provide opportunities for investors, owners and suppliers to create jobs as well as increase the company's wealth. The purpose of this study is to find out how corporate governance and debt structure affect the performance of companies and to examine the characteristics of the company’s chairman which may moderate the relationship between corporate governance and the performance of companies listed on Bursa Malaysia. Data were collected from Thomson Data Stream provided by Sultanah Bahiyah Library of Universiti Utara Malaysia. The study population consists of the companies listed on Bursa Malaysia from 2013 to 2016. The sampling was done using purposive sampling method for 470 sample companies. Panel Corrected Standard Errors regression was applied for testing the hypotheses developed in this study. The results showed that the size of a board member, size of an independent board member, the duality of chief executive officer and frequency of board meetings have a positive significant effect on company’s performance. The study also found that short-term debt, long-term debt and total debt have positive and significant effects on company performance. However, directors’ ownership and tenure have a positive but insignificant relationship with company performance. Age became the moderating variable between corporate governance against Return on Assets and Return on Equity, but not against Tobin’s Q and value-added intellectual capital, while education moderates the relationship between corporate governance to Tobin's Q. The findings provide an in-depth overview of corporate governance reform regulators and policymakers in Malaysia to review and strengthen existing corporate governance codes. In addition, the study also provides important input to shareholders, financial analysts, corporate managers and the academic community to better understand the impact of corporate governance on company performance. |
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