Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia

Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia

This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-foun...

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Main Authors: Irene, Wei Kiong Ting, Kweh, Qian Long, Hooi, Hooi Lean, Sui, Hai Juan
Format: Article
Language:English
Published: University of Malaya 2018
Subjects:
HD Industries. Land use. Labor
Online Access:http://umpir.ump.edu.my/id/eprint/19707/
http://umpir.ump.edu.my/id/eprint/19707/
http://umpir.ump.edu.my/id/eprint/19707/1/fim-2018-irene-Founder%20Management%2C%20Government.pdf
id ump-19707
recordtype eprints
spelling ump-197072018-10-11T07:42:27Z http://umpir.ump.edu.my/id/eprint/19707/ Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia Irene, Wei Kiong Ting Kweh, Qian Long Hooi, Hooi Lean Sui, Hai Juan HD Industries. Land use. Labor This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-founder CEOs. Although a direct-effect test indicates that government ownership may be detrimental to firm performance, there exists a positive relationship between founder CEOs and firm performance in the presence of government ownership from the perspective of growth opportunities. In terms of profitability, however, government ownership may not increase return on assets. These findings suggest that the government may play a crucial role to protect investor’s wealth, especially with respect to long-term survival of a company. University of Malaya 2018 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/19707/1/fim-2018-irene-Founder%20Management%2C%20Government.pdf Irene, Wei Kiong Ting and Kweh, Qian Long and Hooi, Hooi Lean and Sui, Hai Juan (2018) Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia. Institutions and Economies, 10 (1). pp. 1-17. ISSN 2232-1349 https://ajba.um.edu.my/index.php/ijie/article/view/9551
repository_type Digital Repository
institution_category Local University
institution Universiti Malaysia Pahang
building UMP Institutional Repository
collection Online Access
language English
topic HD Industries. Land use. Labor
spellingShingle HD Industries. Land use. Labor
Irene, Wei Kiong Ting
Kweh, Qian Long
Hooi, Hooi Lean
Sui, Hai Juan
Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia
description This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-founder CEOs. Although a direct-effect test indicates that government ownership may be detrimental to firm performance, there exists a positive relationship between founder CEOs and firm performance in the presence of government ownership from the perspective of growth opportunities. In terms of profitability, however, government ownership may not increase return on assets. These findings suggest that the government may play a crucial role to protect investor’s wealth, especially with respect to long-term survival of a company.
format Article
author Irene, Wei Kiong Ting
Kweh, Qian Long
Hooi, Hooi Lean
Sui, Hai Juan
author_facet Irene, Wei Kiong Ting
Kweh, Qian Long
Hooi, Hooi Lean
Sui, Hai Juan
author_sort Irene, Wei Kiong Ting
title Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia
title_short Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia
title_full Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia
title_fullStr Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia
title_full_unstemmed Founder Management, Government Ownership and Firm Performance: Evidence from Malaysia
title_sort founder management, government ownership and firm performance: evidence from malaysia
publisher University of Malaya
publishDate 2018
url http://umpir.ump.edu.my/id/eprint/19707/
http://umpir.ump.edu.my/id/eprint/19707/
http://umpir.ump.edu.my/id/eprint/19707/1/fim-2018-irene-Founder%20Management%2C%20Government.pdf
first_indexed 2023-09-18T22:28:14Z
last_indexed 2023-09-18T22:28:14Z
_version_ 1777416110525644800

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