Corporate Governance Structure and Performance of Malaysian Listed Companies

Roszaini Haniffa, Mohammad Hudaib

    Research output: Contribution to journalArticle

    Abstract

    This study investigates the relationship between the corporate governance structure and performance of 347 companies listed on the Kuala Lumpur Stock Exchange (KLSE) between 1996 and 2000. We found board size and top five substantial shareholdings to be significantly associated with both market and accounting performance measures. In addition, we found a significant relationship between multiple directorships and market performance while role duality and managerial shareholdings are significantly associated with accounting performance. The result is robust with respect to controls for gearing, company size, industry membership and growth opportunities.
    Original languageEnglish
    Pages (from-to)1034-1062
    JournalJournal of Business Finance and Accounting
    Volume33
    Issue number7-8
    DOIs
    Publication statusPublished - 1 Sep 2006

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    Shareholding
    Accounting performance
    Market performance
    Listed companies
    Corporate governance
    Governance structure
    Duality
    Stock exchange
    Multiple directorships
    Growth opportunities
    Performance measures
    Board size
    Company size
    Industry

    Cite this

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    Corporate Governance Structure and Performance of Malaysian Listed Companies. / Haniffa, Roszaini; Hudaib, Mohammad.

    In: Journal of Business Finance and Accounting, Vol. 33, No. 7-8, 01.09.2006, p. 1034-1062.

    Research output: Contribution to journalArticle

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