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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 NumberLocationAvailable
CMR2402PSB lt.dasar - Pascasarjana1
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 -
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