The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid

This study examines the relationship between corporate governance structures and the performance of matched-pairs of Government Linked Companies (GLCs ) and Non-Government Linked Companies INGLCs). The empirical results indicate that there are eight statisticallv significant differences between the...

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Main Author:	Abd. Hamid, Azmi
Format:	Article
Language:	English
Published:	Research Management Institute (RMI) 2011
Subjects:	Corporate organization. Corporate governance
Online Access:	http://ir.uitm.edu.my/id/eprint/13096/ http://ir.uitm.edu.my/id/eprint/13096/1/AJ_AZMI%20ABD.%20HAMID%20SMRJ%2011%201.pdf

id	uitm-13096
recordtype	eprints
spelling	uitm-130962016-06-30T06:08:30Z http://ir.uitm.edu.my/id/eprint/13096/ The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid Abd. Hamid, Azmi Corporate organization. Corporate governance This study examines the relationship between corporate governance structures and the performance of matched-pairs of Government Linked Companies (GLCs ) and Non-Government Linked Companies INGLCs). The empirical results indicate that there are eight statisticallv significant differences between the corporate governance structures of GLCs and NGLCs, thus providing a rationale for examining the association between corporate governance structure and firm performance of these two distinct groups. Accordingly, univariate and multivariate analyses were performed on two sample sets: GLCs and NGLCs. In the univariate analysis, only Board size (BSZ) exhibited a significant relationship with respect to firm performance, in contrast the multivariate analysis found no empirical evidence of a consistent relationship between corporate governance structure and performance, which was measured in relation to return On Assets (ROA) and Return On Equity (ROE) in GLCs and NGLCs over the same period. Statistically significant relationships were found across groupings and for different performance measures, but were not sustained across all the years considered. The results indicate that despite the identification of eight differences in the governance structures of GLCs and NGLCs, the observed differences in firm performance cannot be explained by governance structure. This finding supports the view that governance structures purely provide appropriate means to monitor company management rather than improve performance. Research Management Institute (RMI) 2011 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13096/1/AJ_AZMI%20ABD.%20HAMID%20SMRJ%2011%201.pdf Abd. Hamid, Azmi (2011) The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid. Social and Management Research Journal, 8 (2). pp. 1-28. 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	Corporate organization. Corporate governance
spellingShingle	Corporate organization. Corporate governance Abd. Hamid, Azmi The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid
description	This study examines the relationship between corporate governance structures and the performance of matched-pairs of Government Linked Companies (GLCs ) and Non-Government Linked Companies INGLCs). The empirical results indicate that there are eight statisticallv significant differences between the corporate governance structures of GLCs and NGLCs, thus providing a rationale for examining the association between corporate governance structure and firm performance of these two distinct groups. Accordingly, univariate and multivariate analyses were performed on two sample sets: GLCs and NGLCs. In the univariate analysis, only Board size (BSZ) exhibited a significant relationship with respect to firm performance, in contrast the multivariate analysis found no empirical evidence of a consistent relationship between corporate governance structure and performance, which was measured in relation to return On Assets (ROA) and Return On Equity (ROE) in GLCs and NGLCs over the same period. Statistically significant relationships were found across groupings and for different performance measures, but were not sustained across all the years considered. The results indicate that despite the identification of eight differences in the governance structures of GLCs and NGLCs, the observed differences in firm performance cannot be explained by governance structure. This finding supports the view that governance structures purely provide appropriate means to monitor company management rather than improve performance.
format	Article
author	Abd. Hamid, Azmi
author_facet	Abd. Hamid, Azmi
author_sort	Abd. Hamid, Azmi
title	The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid
title_short	The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid
title_full	The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid
title_fullStr	The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid
title_full_unstemmed	The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid
title_sort	corporate governance structures of glcs and nglcs and firm performance in malaysia / azmi abd. hamid
publisher	Research Management Institute (RMI)
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/13096/ http://ir.uitm.edu.my/id/eprint/13096/1/AJ_AZMI%20ABD.%20HAMID%20SMRJ%2011%201.pdf
first_indexed	2023-09-18T22:49:51Z
last_indexed	2023-09-18T22:49:51Z
_version_	1777417471227068416

The corporate governance structures of GLCs and NGLCs and firm performance in Malaysia / Azmi Abd. Hamid

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