Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni

The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. He...

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Main Authors:	Abd. Hamid, Azmi, Abdul Aziz, Rozainun, Hosni, Asyifa Laila
Format:	Article
Language:	English
Published:	Research Management Institute (RMI) 2014
Subjects:	Malaysia
Online Access:	http://ir.uitm.edu.my/id/eprint/12432/ http://ir.uitm.edu.my/id/eprint/12432/1/AJ_AZMI%20ABD.%20HAMID%20SMRJ%2014%201.pdf

id	uitm-12432
recordtype	eprints
spelling	uitm-124322016-06-03T09:03:40Z http://ir.uitm.edu.my/id/eprint/12432/ Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila Malaysia Malaysia The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. Hence, the result reveals a significant association between family-owned companies' performance in relation to management and governance mechanisms. However, the findings found that Malaysian family-owned companies may be reluctant to protect the minority shareholders’ rights as the findings show that the independent directors portrayed significant negative association with the firm’s performance. The presence of the independent directors in the company could not improve the monitoring of the management activities and on shareholders' influence. In addition, the ROE result shows that the larger managerial ownerships, the higher the firms' performance but in turn it will heighten the minority shareholders' expropriation. The higher level of managerial. Research Management Institute (RMI) 2014 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/12432/1/AJ_AZMI%20ABD.%20HAMID%20SMRJ%2014%201.pdf Abd. Hamid, Azmi and Abdul Aziz, Rozainun and Hosni, Asyifa Laila (2014) Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni. Social and Management Research Journal, 11 (1). pp. 1-29. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Malaysia Malaysia
spellingShingle	Malaysia Malaysia Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
description	The study examines the relationship between management and governance mechanisms upon the performance of family-owned companies. The results indicated that the performances of family-owned companies' were influenced by the implementation of corporate governance in their management processes. Hence, the result reveals a significant association between family-owned companies' performance in relation to management and governance mechanisms. However, the findings found that Malaysian family-owned companies may be reluctant to protect the minority shareholders’ rights as the findings show that the independent directors portrayed significant negative association with the firm’s performance. The presence of the independent directors in the company could not improve the monitoring of the management activities and on shareholders' influence. In addition, the ROE result shows that the larger managerial ownerships, the higher the firms' performance but in turn it will heighten the minority shareholders' expropriation. The higher level of managerial.
format	Article
author	Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila
author_facet	Abd. Hamid, Azmi Abdul Aziz, Rozainun Hosni, Asyifa Laila
author_sort	Abd. Hamid, Azmi
title	Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_short	Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_full	Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_fullStr	Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_full_unstemmed	Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni
title_sort	governance mechanisms and firm performance in family-owned companies in malaysia / azmi abd. hamid, rozainun abdul aziz and asyifa laila hosni
publisher	Research Management Institute (RMI)
publishDate	2014
url	http://ir.uitm.edu.my/id/eprint/12432/ http://ir.uitm.edu.my/id/eprint/12432/1/AJ_AZMI%20ABD.%20HAMID%20SMRJ%2014%201.pdf
first_indexed	2023-09-18T22:49:16Z
last_indexed	2023-09-18T22:49:16Z
_version_	1777417434093846528

Governance mechanisms and firm performance in family-owned companies in Malaysia / Azmi Abd. Hamid, Rozainun Abdul Aziz and Asyifa Laila Hosni

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