Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.

According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Fur...

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Main Authors:	Mohd Salim, Wan Noraini, Abdul Ghadas, Zuhairah Ariff
Format:	Article
Language:	English
Published:	INSI Publications 2012
Subjects:	KPG Malaysia
Online Access:	http://irep.iium.edu.my/27649/ http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf

id	iium-27649
recordtype	eprints
spelling	iium-276492014-07-16T08:11:13Z http://irep.iium.edu.my/27649/ Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff KPG Malaysia According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis. INSI Publications 2012-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf Mohd Salim, Wan Noraini and Abdul Ghadas, Zuhairah Ariff (2012) Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Australian Journal of Basic and Applied Sciences, 6 (11). pp. 354-360. ISSN 1991-8178
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KPG Malaysia
spellingShingle	KPG Malaysia Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
description	According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis.
format	Article
author	Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff
author_facet	Mohd Salim, Wan Noraini Abdul Ghadas, Zuhairah Ariff
author_sort	Mohd Salim, Wan Noraini
title	Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_short	Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_full	Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_fullStr	Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_full_unstemmed	Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.
title_sort	sustainability of the family ownership in a family business via inheritance: an appraisal with special reference to the malaysian law.
publisher	INSI Publications
publishDate	2012
url	http://irep.iium.edu.my/27649/ http://irep.iium.edu.my/27649/1/Ajbas_ISI_article_2012_%282%29.pdf
first_indexed	2023-09-18T20:40:59Z
last_indexed	2023-09-18T20:40:59Z
_version_	1777409363468615680

Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.

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