Ownership Structure, Firm Value and Growth Opportunities: Malaysian Evidence

被引：2

作者：

Abdullah, Nik Anis Idayu Nik ^{[1
]}

Ali, Mazurina Mohamad ^{[1
]}

Haron, Noor Hasniza ^{[1
]}

机构：

[1] UiTM Selangor, Fac Accountancy, Kampus Puncak Alam, Bandar Puncak Alam 42300, Selangor, Malaysia

来源：

ADVANCED SCIENCE LETTERS | 2017年 / 23卷 / 08期

关键词：

Managerial Ownership; Institutional Ownership; Firm Value; Growth Opportunity; Corporate Governance; CORPORATE GOVERNANCE; PERFORMANCE; MANAGEMENT;

D O I：

10.1166/asl.2017.9479

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

Using a sample of 240 listed companies on the main board of Bursa Malaysia in 2013, this paper investigates the relationship between managerial and ownership structures with the firm's value as well as the moderating effect of growth opportunities on the relationship between ownership structure and firm's value. It is postulated that managerial and institutional ownership has a significant relationship with the firm value. However, the result does not support our hypotheses which applies that there could be other elements that control the behavior of managers in influencing the value of the companies. On the other hand, the moderation effect of growth opportunities have significant positive relationship with firm value which is consistent with the hypotheses developed.

引用

页码：7378 / 7382

页数：5

共 50 条

[21] Financial Derivatives, Ownership and Firm Value: Evidence for Chilean Firms
Cid Aranda, Carlos
Jara Bertin, Mauricio
Maquieira Villanueva, Carlos
San Martin Mosqueira, Pablo
TRIMESTRE ECONOMICO, 2017, 84 (336): : 947 - 974
[22] Board structure, ownership and firm performance: Korean evidence
Yu, BJ
KORUS 2005, PROCEEDINGS, 2005, : 853 - 856
[23] Corporate governance, family ownership and firm value: the Canadian evidence
Klein, P
Shapiro, D
Young, J
CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2005, 13 (06) : 769 - 784
[24] Founder Control, Ownership Structure and Firm Value: Evidence from Entrepreneurial Listed Firms in China
Xia, Lijun
CHINA JOURNAL OF ACCOUNTING RESEARCH, 2008, 1 : 31 - 49
[25] Ownership structure, corporate governance, and firm value: Evidence from the East Asian financial crisis
Lemmon, ML
Lins, KV
JOURNAL OF FINANCE, 2003, 58 (04): : 1445 - 1468
[26] Foreign Ownership and Firm Value: Evidence from Australian Firms
Mishra A.V.
Asia-Pacific Financial Markets, 2014, 21 (1) : 67 - 96
[27] Ownership structure and firm performance: Evidence from Israel
Lauterbach B.
Vaninsky A.
Journal of Management and Governance, 1999, 3 (2) : 189 - 201
[28] How does ownership structure affect capital structure and firm value? Recent evidence from East Asia
Driffield, Nigel
Mahambare, Vidya
Pal, Sarmistha
ECONOMICS OF TRANSITION, 2007, 15 (03) : 535 - 573
[29] OWNERSHIP STRUCTURE AND GROWTH OPPORTUNITIES AS DETERMINANTS OF BANK DEBT Evidence from Chilean Companies
Hoffmann, Paolo Saona
Gonzalez, Eleuterio Vallelado
MANAGEMENT RESEARCH-THE JOURNAL OF THE IBEROAMERICAN ACADEMY OF MANAGEMENT, 2005, 3 (02) : 121 - 136
[30] Firm value, ownership structure, and strategic approaches to ESG activities
Hyun-Jung Nam
Mehmet Huseyin Bilgin
Doojin Ryu
Eurasian Business Review, 2024, 14 : 187 - 226

← 1 2 3 4 5 →