The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective

Numerous studies have looked at the implications of corporate governance structures on company performance. Although the literature is not unanimous in its conclusions,the weight of opinion is that there is a significant relationship between governance mechanisms and structures and firm performance....

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Main Author:	Kamarul Zaman, Sali
Format:	Thesis
Language:	eng eng
Published:	2011
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/3089/1/KAMARUL_ZAMAN_SALI.pdf https://etd.uum.edu.my/3089/2/1.KAMARUL_ZAMAN_SALI.pdf
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id	my-uum-etd.3089
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Warokka, Ari
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Kamarul Zaman, Sali The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective
description	Numerous studies have looked at the implications of corporate governance structures on company performance. Although the literature is not unanimous in its conclusions,the weight of opinion is that there is a significant relationship between governance mechanisms and structures and firm performance. The aim of this research is to study the effect,if any of corporate governance mechanisms, particularly corporate ownership structure, corporate board,and compensation packages,on the performance of Malaysian public listed companies.The literature on these multidimensional governance parameters on firm performance in the context of Malaysia is lacking. Using sample of large publicly traded Malaysian companies, in particular in the properties and plantations sectors, this research examine the effect of institutional investor monitoring,board size and independence,and executive compensation on firm performance as measured by Tobin’s Q, return on assets (ROA) and return on equity (ROE).Results show that there is significant but weak relationship between corporate governance mechanisms in particular corporate board structure and executive compensation, with company performance.These findings suggest that there are other factors which have larger influence on the profitability and performance of companies. Nevertheless, the level of compliance with the Malaysian Code of Corporate Governance is high among the public listed companies.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Kamarul Zaman, Sali
author_facet	Kamarul Zaman, Sali
author_sort	Kamarul Zaman, Sali
title	The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective
title_short	The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective
title_full	The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective
title_fullStr	The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective
title_full_unstemmed	The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective
title_sort	effect of corporate governance mechanisms on firm perfomance: malaysian perspective
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2011
url	https://etd.uum.edu.my/3089/1/KAMARUL_ZAMAN_SALI.pdf https://etd.uum.edu.my/3089/2/1.KAMARUL_ZAMAN_SALI.pdf
_version_	1747827496398618624
spelling	my-uum-etd.30892016-04-19T01:17:09Z The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective 2011-12 Kamarul Zaman, Sali Warokka, Ari College of Business (COB) College of Business (COB) HD2709-2930.7 Corporations Numerous studies have looked at the implications of corporate governance structures on company performance. Although the literature is not unanimous in its conclusions,the weight of opinion is that there is a significant relationship between governance mechanisms and structures and firm performance. The aim of this research is to study the effect,if any of corporate governance mechanisms, particularly corporate ownership structure, corporate board,and compensation packages,on the performance of Malaysian public listed companies.The literature on these multidimensional governance parameters on firm performance in the context of Malaysia is lacking. Using sample of large publicly traded Malaysian companies, in particular in the properties and plantations sectors, this research examine the effect of institutional investor monitoring,board size and independence,and executive compensation on firm performance as measured by Tobin’s Q, return on assets (ROA) and return on equity (ROE).Results show that there is significant but weak relationship between corporate governance mechanisms in particular corporate board structure and executive compensation, with company performance.These findings suggest that there are other factors which have larger influence on the profitability and performance of companies. Nevertheless, the level of compliance with the Malaysian Code of Corporate Governance is high among the public listed companies. 2011-12 Thesis https://etd.uum.edu.my/3089/ https://etd.uum.edu.my/3089/1/KAMARUL_ZAMAN_SALI.pdf application/pdf eng validuser https://etd.uum.edu.my/3089/2/1.KAMARUL_ZAMAN_SALI.pdf application/pdf eng public masters masters Universiti Utara Malaysia Abdul Wahab,E.A.,How,J.C.,& Verhoeven,P.(2007).The impact of the Malaysian code on corporate governance:Compliance, institutional investors and stock performance.Journal of Contemporary Accounting and Economics,3(2),106-129. Abdul Wahab,E.A.,How,J.,& Verhoeven,P.(2008).Corporate governance and institutional investors:Evidence from Malaysia.Asian Academy of Management Journal of Accounting and Finance,4(2),67-90. Abdullah,S.N.(2006a).Board structure and ownership in Malaysia:The case of distressed listed companies. Corporate Governance,6(5),582-594. 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The Effect of Corporate Governance Mechanisms on Firm Perfomance: Malaysian Perspective

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