Board mechanisms and Malaysian Family Companies' Performance

Many overseas studies discussed the topic of corporate governance and performance in family companies, however, few studies have been conducted in Malaysia. The objective of this paper is to examine the board mechanisms and family companies’ performance using three performance indicators (Tobin’s Q,...

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Main Authors:	Noor Afza Amran, Ayoib Che Ahmad
Format:	Article
Language:	English
Published:	FEP 2011
Online Access:	http://journalarticle.ukm.my/5436/ http://journalarticle.ukm.my/5436/ http://journalarticle.ukm.my/5436/1/vol2ch2.pdf

id	ukm-5436
recordtype	eprints
spelling	ukm-54362016-12-14T06:38:26Z http://journalarticle.ukm.my/5436/ Board mechanisms and Malaysian Family Companies' Performance Noor Afza Amran, Ayoib Che Ahmad, Many overseas studies discussed the topic of corporate governance and performance in family companies, however, few studies have been conducted in Malaysia. The objective of this paper is to examine the board mechanisms and family companies’ performance using three performance indicators (Tobin’s Q, Earnings Per Share & Operating Cash Flow). The sample size is 189 family companies listed on Bursa Malaysia from 2003 to 2007. The findings from this study reveal that some of the board mechanisms influence family companies’ performance. This study evidenced that family companies with a large board size, low directors’ expertise and duality leadership contribute to higher family companies’ performance. However, this study found that the academic qualification of directors does not influence firm performance. Therefore, generally, regulators and investors need to be sensitive to the fact that family companies do have differences in corporate governance practices compared to non-family companies. FEP 2011 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/5436/1/vol2ch2.pdf Noor Afza Amran, and Ayoib Che Ahmad, (2011) Board mechanisms and Malaysian Family Companies' Performance. Asian Journal of Accounting and Governance, 2 . pp. 15-26. ISSN 2180-3838 http://www.ukm.my/ajag/issues.html
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Many overseas studies discussed the topic of corporate governance and performance in family companies, however, few studies have been conducted in Malaysia. The objective of this paper is to examine the board mechanisms and family companies’ performance using three performance indicators (Tobin’s Q, Earnings Per Share & Operating Cash Flow). The sample size is 189 family companies listed on Bursa Malaysia from 2003 to 2007. The findings from this study reveal that some of the board mechanisms influence family companies’ performance. This study evidenced that family companies with a large board size, low directors’ expertise and duality leadership contribute to higher family companies’ performance. However, this study found that the academic qualification of directors does not influence firm performance. Therefore, generally, regulators and investors need to be sensitive to the fact that family companies do have differences in corporate governance practices compared to non-family companies.
format	Article
author	Noor Afza Amran, Ayoib Che Ahmad,
spellingShingle	Noor Afza Amran, Ayoib Che Ahmad, Board mechanisms and Malaysian Family Companies' Performance
author_facet	Noor Afza Amran, Ayoib Che Ahmad,
author_sort	Noor Afza Amran,
title	Board mechanisms and Malaysian Family Companies' Performance
title_short	Board mechanisms and Malaysian Family Companies' Performance
title_full	Board mechanisms and Malaysian Family Companies' Performance
title_fullStr	Board mechanisms and Malaysian Family Companies' Performance
title_full_unstemmed	Board mechanisms and Malaysian Family Companies' Performance
title_sort	board mechanisms and malaysian family companies' performance
publisher	FEP
publishDate	2011
url	http://journalarticle.ukm.my/5436/ http://journalarticle.ukm.my/5436/ http://journalarticle.ukm.my/5436/1/vol2ch2.pdf
first_indexed	2023-09-18T19:44:08Z
last_indexed	2023-09-18T19:44:08Z
_version_	1777405787076820992

Board mechanisms and Malaysian Family Companies' Performance

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