Corporate Governance Mechanisms and Performance of Public-Listed Family-Ownership in Malaysia

Haslindar Ibrahim, Fazilah Abdul Samad, Fazilah Abdul Samad, Fazilah Abdul Samad, Fazilah Abdul Samad

Abstract


The study examines the relationship of corporate governance mechanisms and performance between family and non-family ownership of public-listed firm in Malaysia from 1999 through 2005 as measured by Tobin’s Q, ROA and ROE. The findings show that on average, family ownership experiences a higher value than non-family ownership based on ROE. On the other hand, based on Tobin’s Q and ROA, the study finds that firm value is lower in family than non- family ownership. In addition, the corporate governance mechanisms such as the board size, independent director and duality for family and non-family ownership has a strong significant influence on firm performance.


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International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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