Board structure and firm performance: Some evidence from Malaysian government linked companies

Chong, Lee Lee and Tee, Chwee Ming (2014) Board structure and firm performance: Some evidence from Malaysian government linked companies. Corporate Ownership and Control, 12 (1 (3)). pp. 345-351. ISSN 1810-3057

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Abstract

This paper examines the impact of Green Book high performing board reform on GLCs firm performance. Based on a sample of 220 firm-year observations of listed GLCs from 2006 till 2012, this study shows that (i) there is a positive association between multiple chairmanships and firm performance, (ii) total directorships is positively associated with higher firm performance and, (iii) board connectivity is positively associated with higher firm performance. Overall, our finding suggests that multiple chairmanship and directorship to a certain extent leads to better firm performance. We conjecture that interlocked chairman and director can maximize their good business connection and networking to add value to GLCs.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28-70 Management. Industrial Management
Divisions: Faculty of Management (FOM)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 09 Dec 2014 07:16
Last Modified: 09 Dec 2014 07:16
URI: http://shdl.mmu.edu.my/id/eprint/5832

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