Corporate Governance Structure and Performance of Malaysian Listed Companies

:  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 a...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of business finance & accounting 2006-09, Vol.33 (7-8), p.1034-1062
Hauptverfasser: Haniffa, Roszaini, Hudaib, Mohammad
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 1062
container_issue 7-8
container_start_page 1034
container_title Journal of business finance & accounting
container_volume 33
creator Haniffa, Roszaini
Hudaib, Mohammad
description :  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.
doi_str_mv 10.1111/j.1468-5957.2006.00594.x
format Article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_36598908</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>1153564451</sourcerecordid><originalsourceid>FETCH-LOGICAL-c5144-6c23947eb8f2848db30e31eaf8c7bb83646ee4f62cd510ea64d26db709a507493</originalsourceid><addsrcrecordid>eNqNkU1v1DAQhiMEEkvhP0QcuCU48WcOHMqKbqlSPgQIbiPHmYiEJA52Unb_fZ0G7YETlmY80rzP2H4dRXFG0iys112aMaESXnCZ5oSIlBBesPT4KNqdG4-jHaFEJEKJH0-jZ953hJA8E3IXlXvrJuv0jPHB3qEb9Wgw_jK7xcyLw1iPdfwJXWPd8NCxTXyre33yrR7jsvUz1vHeDpMeW_TPoyeN7j2--LtfRN-u3n3dXyflx8P7_WWZGJ4xlgiT04JJrFSTK6bqihKkGepGGVlVigomEFkjclPzjKAWrM5FXUlSaE4kK-hF9GqbOzn7e0E_w9B6g32vR7SLByp4oQqigvDlP8LOLuGNvYecSiJyWdAgUpvIOOu9wwYm1w7anSAjsHoMHaxWwmolrB7Dg8dwDOjnDXU4oTlzVa-7qhm1gTugmtKQTiE2tAhVG0KCCnkKkRHKwlkih5_zEGa-2Wb-aXs8_fdd4Obt1WWoAp9s_Po5xzOv3S8QkkoO3z8coLymXNAbBpzeA9WUq7s</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>237062793</pqid></control><display><type>article</type><title>Corporate Governance Structure and Performance of Malaysian Listed Companies</title><source>RePEc</source><source>Business Source Complete</source><source>Wiley Online Library All Journals</source><creator>Haniffa, Roszaini ; Hudaib, Mohammad</creator><creatorcontrib>Haniffa, Roszaini ; Hudaib, Mohammad</creatorcontrib><description>:  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.</description><identifier>ISSN: 0306-686X</identifier><identifier>EISSN: 1468-5957</identifier><identifier>DOI: 10.1111/j.1468-5957.2006.00594.x</identifier><language>eng</language><publisher>Oxford, UK: Blackwell Publishing Ltd</publisher><subject>board characteristics ; Business accounting ; Business management ; Business studies ; Case studies ; Corporate governance ; corporate performance ; Financial performance ; Firm theory ; KLSE ; Malaysia ; Malaysian Code of Corporate Governance ; Management science ; Organizational structure ; Stock exchange ; Stock exchanges ; Stockholders ; Studies</subject><ispartof>Journal of business finance &amp; accounting, 2006-09, Vol.33 (7-8), p.1034-1062</ispartof><rights>Copyright Blackwell Publishing Sep/Oct 2006</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c5144-6c23947eb8f2848db30e31eaf8c7bb83646ee4f62cd510ea64d26db709a507493</citedby><cites>FETCH-LOGICAL-c5144-6c23947eb8f2848db30e31eaf8c7bb83646ee4f62cd510ea64d26db709a507493</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fj.1468-5957.2006.00594.x$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fj.1468-5957.2006.00594.x$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1416,4006,27922,27923,45572,45573</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/blajbfnac/v_3a33_3ay_3a2006-09_3ai_3a7-8_3ap_3a1034-1062.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Haniffa, Roszaini</creatorcontrib><creatorcontrib>Hudaib, Mohammad</creatorcontrib><title>Corporate Governance Structure and Performance of Malaysian Listed Companies</title><title>Journal of business finance &amp; accounting</title><description>:  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.</description><subject>board characteristics</subject><subject>Business accounting</subject><subject>Business management</subject><subject>Business studies</subject><subject>Case studies</subject><subject>Corporate governance</subject><subject>corporate performance</subject><subject>Financial performance</subject><subject>Firm theory</subject><subject>KLSE</subject><subject>Malaysia</subject><subject>Malaysian Code of Corporate Governance</subject><subject>Management science</subject><subject>Organizational structure</subject><subject>Stock exchange</subject><subject>Stock exchanges</subject><subject>Stockholders</subject><subject>Studies</subject><issn>0306-686X</issn><issn>1468-5957</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2006</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNqNkU1v1DAQhiMEEkvhP0QcuCU48WcOHMqKbqlSPgQIbiPHmYiEJA52Unb_fZ0G7YETlmY80rzP2H4dRXFG0iys112aMaESXnCZ5oSIlBBesPT4KNqdG4-jHaFEJEKJH0-jZ953hJA8E3IXlXvrJuv0jPHB3qEb9Wgw_jK7xcyLw1iPdfwJXWPd8NCxTXyre33yrR7jsvUz1vHeDpMeW_TPoyeN7j2--LtfRN-u3n3dXyflx8P7_WWZGJ4xlgiT04JJrFSTK6bqihKkGepGGVlVigomEFkjclPzjKAWrM5FXUlSaE4kK-hF9GqbOzn7e0E_w9B6g32vR7SLByp4oQqigvDlP8LOLuGNvYecSiJyWdAgUpvIOOu9wwYm1w7anSAjsHoMHaxWwmolrB7Dg8dwDOjnDXU4oTlzVa-7qhm1gTugmtKQTiE2tAhVG0KCCnkKkRHKwlkih5_zEGa-2Wb-aXs8_fdd4Obt1WWoAp9s_Po5xzOv3S8QkkoO3z8coLymXNAbBpzeA9WUq7s</recordid><startdate>200609</startdate><enddate>200609</enddate><creator>Haniffa, Roszaini</creator><creator>Hudaib, Mohammad</creator><general>Blackwell Publishing Ltd</general><general>Wiley Blackwell</general><scope>BSCLL</scope><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>200609</creationdate><title>Corporate Governance Structure and Performance of Malaysian Listed Companies</title><author>Haniffa, Roszaini ; Hudaib, Mohammad</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c5144-6c23947eb8f2848db30e31eaf8c7bb83646ee4f62cd510ea64d26db709a507493</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2006</creationdate><topic>board characteristics</topic><topic>Business accounting</topic><topic>Business management</topic><topic>Business studies</topic><topic>Case studies</topic><topic>Corporate governance</topic><topic>corporate performance</topic><topic>Financial performance</topic><topic>Firm theory</topic><topic>KLSE</topic><topic>Malaysia</topic><topic>Malaysian Code of Corporate Governance</topic><topic>Management science</topic><topic>Organizational structure</topic><topic>Stock exchange</topic><topic>Stock exchanges</topic><topic>Stockholders</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Haniffa, Roszaini</creatorcontrib><creatorcontrib>Hudaib, Mohammad</creatorcontrib><collection>Istex</collection><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of business finance &amp; accounting</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Haniffa, Roszaini</au><au>Hudaib, Mohammad</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Corporate Governance Structure and Performance of Malaysian Listed Companies</atitle><jtitle>Journal of business finance &amp; accounting</jtitle><date>2006-09</date><risdate>2006</risdate><volume>33</volume><issue>7-8</issue><spage>1034</spage><epage>1062</epage><pages>1034-1062</pages><issn>0306-686X</issn><eissn>1468-5957</eissn><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.</abstract><cop>Oxford, UK</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/j.1468-5957.2006.00594.x</doi><tpages>29</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0306-686X
ispartof Journal of business finance & accounting, 2006-09, Vol.33 (7-8), p.1034-1062
issn 0306-686X
1468-5957
language eng
recordid cdi_proquest_miscellaneous_36598908
source RePEc; Business Source Complete; Wiley Online Library All Journals
subjects board characteristics
Business accounting
Business management
Business studies
Case studies
Corporate governance
corporate performance
Financial performance
Firm theory
KLSE
Malaysia
Malaysian Code of Corporate Governance
Management science
Organizational structure
Stock exchange
Stock exchanges
Stockholders
Studies
title Corporate Governance Structure and Performance of Malaysian Listed Companies
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-09T19%3A49%3A10IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Corporate%20Governance%20Structure%20and%20Performance%20of%20Malaysian%20Listed%20Companies&rft.jtitle=Journal%20of%20business%20finance%20&%20accounting&rft.au=Haniffa,%20Roszaini&rft.date=2006-09&rft.volume=33&rft.issue=7-8&rft.spage=1034&rft.epage=1062&rft.pages=1034-1062&rft.issn=0306-686X&rft.eissn=1468-5957&rft_id=info:doi/10.1111/j.1468-5957.2006.00594.x&rft_dat=%3Cproquest_cross%3E1153564451%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=237062793&rft_id=info:pmid/&rfr_iscdi=true