Corporate governance structure and performance of Malaysian listed companies

Haniffa, R. and Hudaib, M. (2006) Corporate governance structure and performance of Malaysian listed companies. Journal of Business Finance and Accounting, 33(7-8), pp. 1034-1062. (doi: 10.1111/j.1468-5957.2006.00594.x)

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Publisher's URL: http://dx.doi.org/10.1111/j.1468-5957.2006.00594.x

Abstract

This study investigates the relationship between the corporate governance structure and performance of 347 companies listed on the Kuala Lumpur Stock Exchange (KLSE) between 1996 and 2000. We found board size and top five substantial shareholdings to be significantly associated with both market and accounting performance measures. In addition, we found a significant relationship between multiple directorships and market performance while role duality and managerial shareholdings are significantly associated with accounting performance. The result is robust with respect to controls for gearing, company size, industry membership and growth opportunities.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Haniffa, Prof Roszaini and Hudaib, Dr Mohammad
Authors: Haniffa, R., and Hudaib, M.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:Journal of Business Finance and Accounting
ISSN:0306-686X
ISSN (Online):1468-5957
Published Online:24 March 2006

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