Blockholders and firm performance: a Malaysian evidence

This study enhances the corporate governance literature by investigating the influence of blockholders on firm performance. Employing panel data estimations, this study works on a sample of 526 non-financial listed firms in Malaysia from 2006 to 2015. Overall, our findings reveal that firm perform...

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Main Authors:	Mokhtar, Imani, Syed Mohd Zain, Sharifah Raihan, Duasa, Jarita, Mohamad, Azhar
Format:	Article
Language:	English
Published:	Academic Research Publishing Group 2018
Subjects:	HG Finance HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/77893/ http://irep.iium.edu.my/77893/ http://irep.iium.edu.my/77893/ http://irep.iium.edu.my/77893/1/JSSR_2018_spi5.1-885-893.pdf

id	iium-77893
recordtype	eprints
spelling	iium-778932020-01-10T03:33:39Z http://irep.iium.edu.my/77893/ Blockholders and firm performance: a Malaysian evidence Mokhtar, Imani Syed Mohd Zain, Sharifah Raihan Duasa, Jarita Mohamad, Azhar HG Finance HG4001 Financial management. Business finance. Corporation finance. This study enhances the corporate governance literature by investigating the influence of blockholders on firm performance. Employing panel data estimations, this study works on a sample of 526 non-financial listed firms in Malaysia from 2006 to 2015. Overall, our findings reveal that firm performance is negatively associated with blockholders presence but positively related to blockholders total ownership concentration. Further examinations reveal that identity of blockholders matters in influencing performance of the firm. We also found that board governance mechanisms particularly independent directors and CEO duality play a significant monitoring role in relation to firm performance. More importantly, our findings are robust to a wide variety of performance measure which includes accounting, market and value based measures. Finally, findings of our study could facilitate the regulatory bodies and firm managers in promoting better and effective corporate governance in Malaysia. Investors may also benefit from our findings in understanding corporate governance of Malaysian firms and thus diversify their investment portfolios. Academic Research Publishing Group 2018-03 Article PeerReviewed application/pdf en http://irep.iium.edu.my/77893/1/JSSR_2018_spi5.1-885-893.pdf Mokhtar, Imani and Syed Mohd Zain, Sharifah Raihan and Duasa, Jarita and Mohamad, Azhar (2018) Blockholders and firm performance: a Malaysian evidence. The Journal of Social Sciences Research, Special Issue 5. pp. 885-893. ISSN 2413-6670 E-ISSN 2411-9458 https://arpgweb.com/journal/7/special_issue/12-2018/5/&page=10 doi.org/10.32861/jssr.spi5.885.893
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG Finance HG4001 Financial management. Business finance. Corporation finance. Mokhtar, Imani Syed Mohd Zain, Sharifah Raihan Duasa, Jarita Mohamad, Azhar Blockholders and firm performance: a Malaysian evidence
description	This study enhances the corporate governance literature by investigating the influence of blockholders on firm performance. Employing panel data estimations, this study works on a sample of 526 non-financial listed firms in Malaysia from 2006 to 2015. Overall, our findings reveal that firm performance is negatively associated with blockholders presence but positively related to blockholders total ownership concentration. Further examinations reveal that identity of blockholders matters in influencing performance of the firm. We also found that board governance mechanisms particularly independent directors and CEO duality play a significant monitoring role in relation to firm performance. More importantly, our findings are robust to a wide variety of performance measure which includes accounting, market and value based measures. Finally, findings of our study could facilitate the regulatory bodies and firm managers in promoting better and effective corporate governance in Malaysia. Investors may also benefit from our findings in understanding corporate governance of Malaysian firms and thus diversify their investment portfolios.
format	Article
author	Mokhtar, Imani Syed Mohd Zain, Sharifah Raihan Duasa, Jarita Mohamad, Azhar
author_facet	Mokhtar, Imani Syed Mohd Zain, Sharifah Raihan Duasa, Jarita Mohamad, Azhar
author_sort	Mokhtar, Imani
title	Blockholders and firm performance: a Malaysian evidence
title_short	Blockholders and firm performance: a Malaysian evidence
title_full	Blockholders and firm performance: a Malaysian evidence
title_fullStr	Blockholders and firm performance: a Malaysian evidence
title_full_unstemmed	Blockholders and firm performance: a Malaysian evidence
title_sort	blockholders and firm performance: a malaysian evidence
publisher	Academic Research Publishing Group
publishDate	2018
url	http://irep.iium.edu.my/77893/ http://irep.iium.edu.my/77893/ http://irep.iium.edu.my/77893/ http://irep.iium.edu.my/77893/1/JSSR_2018_spi5.1-885-893.pdf
first_indexed	2023-09-18T21:49:50Z
last_indexed	2023-09-18T21:49:50Z
_version_	1777413694686232576

Blockholders and firm performance: a Malaysian evidence

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