Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim

The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect...

Full description

Bibliographic Details
Main Author:	Kassim, Marsitah
Format:	Thesis
Language:	English
Published:	2012
Online Access:	http://ir.uitm.edu.my/id/eprint/17177/ http://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf

id	uitm-17177
recordtype	eprints
spelling	uitm-171772018-11-14T07:40:44Z http://ir.uitm.edu.my/id/eprint/17177/ Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim Kassim, Marsitah The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect of government ownership on firm performance among government-linked companies (GLCs) in Malaysia. It is believed that government ownership serves as a control mechanism that lead to better company performance after controlling company characteristics and after the introduction of Transformation Program in 2005. Beside, this research examines the interaction between government ownership and financial leverage on company's performance. This study was based on a sample of 25 companies listed on Bursa Malaysia over a period from 2007 to 2010 and used ROA and ROE as performance measures. The regression analysis showed that there was no significant relationship between government ownership and company's performance. However, financial leverage appears to have significant relationship with GLCs performance only in 2007 and 2009. This finding is consistent with the argument that certain GLCs in Malaysia have been more concerned with political and social objective rather than profit maximization motivated. 2012 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf Kassim, Marsitah (2012) Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim. Masters thesis, Universiti Teknologi MARA.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
description	The relationship between government ownership and GLCs performance has been an issue of interest among academics, investors and policy makers. This IS due to certain GLCs have been reported underperformed in their market and financial performance. Hence, the current study aims to examine the effect of government ownership on firm performance among government-linked companies (GLCs) in Malaysia. It is believed that government ownership serves as a control mechanism that lead to better company performance after controlling company characteristics and after the introduction of Transformation Program in 2005. Beside, this research examines the interaction between government ownership and financial leverage on company's performance. This study was based on a sample of 25 companies listed on Bursa Malaysia over a period from 2007 to 2010 and used ROA and ROE as performance measures. The regression analysis showed that there was no significant relationship between government ownership and company's performance. However, financial leverage appears to have significant relationship with GLCs performance only in 2007 and 2009. This finding is consistent with the argument that certain GLCs in Malaysia have been more concerned with political and social objective rather than profit maximization motivated.
format	Thesis
author	Kassim, Marsitah
spellingShingle	Kassim, Marsitah Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
author_facet	Kassim, Marsitah
author_sort	Kassim, Marsitah
title	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_short	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_full	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_fullStr	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_full_unstemmed	Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim
title_sort	government ownership and financing structure of government-linked companies (glcs) and their performance / marsitah kassim
publishDate	2012
url	http://ir.uitm.edu.my/id/eprint/17177/ http://ir.uitm.edu.my/id/eprint/17177/2/TM_MARSITAH%20KASSIM%20AC%2012_5.pdf
first_indexed	2023-09-18T22:57:43Z
last_indexed	2023-09-18T22:57:43Z
_version_	1777417965820444672

Government ownership and financing structure of government-linked companies (GLCs) and their performance / Marsitah Kassim

Similar Items