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The Performance of Government-Linked Companies in Malaysia
This study examines the performance of selected government-linked companies (GLCs) versus non-GLC matching firms, during the period 2008-2013. Our sample of GLCs is drawn from the list contained in the GLC Transformation Program of the Government of Malaysia. Three performance measures are used ? ROA, ROE and Tobin?s Q ratio. Two methods of analysis are performed: univariate analysis and multiple regressions. The results strongly indicate that GLCs perform worse than their non-GLC counterparts in all performance measures and in both univariate and multivariate tests. The performance of both GLCs and non-GLCs is found to be negatively related to leverage and board size. Further, non-GLCs performance is also found to be related to firm size and non-duality..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| CMR2402 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Malaysia: Finance Association and Bursa Malaysia |
|---|---|
| Edisi | - |
| Subjek | Corporate governance Return on equity Firm performance Government Linked Companies returns on asset Tobin?s Q ratio |
| ISBN/ISSN | 18234445 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |