Browsing by Author "Asif, Jawad"
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Item Firm efficiency and corporate performance: the moderating role of controlling shareholders(Emerald Publishing, 2023) Nguyen, Thien Huu; Asif, Jawad; Kweh, Qian Long; Ting, Irene Wei KiongPurpose: This study analyses the effects of firm efficiency on firm performance and how controlling shareholders moderate the link between the two variables. Design/methodology/approach: This study employs data envelopment analysis to estimate firm efficiency and the panel regression method to assess the hypothesised relationships among 1,295 firm-year observations of publicly listed firms in Malaysia from 2015 to 2019. Findings: The results indicate that firm efficiency (technical efficiency, pure technical efficiency and scale efficiency) has mixed relationships with firm performance (return on assets, market-to-book ratio and operating cash flows), all of which are being moderated by controlling shareholdings. Practical implications: This study highlights the importance of assessing firm efficiency as the key success factor for improving firm performance. Industrial managers should manage efficiently their resources or operating costs in achieving their corporate financial goals. Moreover, this study notes the presence of controlling shareholders, who can be either self-interested or company goal aligned. Originality/value: This study suggests becoming efficient in transforming inputs into outputs is a prerequisite before investigating accrual-based and cash-based firm performance measures, and the presence of controlling shareholders matters in these regards. © 2023, Emerald Publishing Limited.Item Intellectual capital and corporate performance in Malaysia: exploring nonlinearity and synergy effects(World Scientific, 2023) Asif, Jawad; Ting, Irene Wei Kiong; Lean, Hooi Hooi; Kweh, Qian LongItem Intellectual capital and corporate profitability: zooming into value added intellectual coefficient(Inderscience Publishers, 2022) Ting, Irene Wei Kiong; Kweh, Qian Long; Asif, Jawad; Le, Hanh Thi MyThis study examines how value-added intellectual coefficient (VAICTM) and the modified VAICTM affect corporate profitability. Using a Vietnamese corporate financial dataset of 1,624 firm-year observations for the period of 2009–2018, this study finds that intellectual capital (IC), as estimated by VAICTM and modified VAICTM, has positive impacts on corporate profitability. However, the positive association between IC and profitability is clearer in the scatterplot involving the modified VAICTM. Although VAICTM and modified VAICTM consistently suggest positive impacts of IC on corporate profitability, the components of the two show different outcomes. This study stimulates the need to further examine not only VAICTM but also other IC measurement models to help practitioners better estimate their IC for the best possible corporate profitability. Copyright © 2022 Inderscience Enterprises Ltd.Item Intellectual capital and firm performance: The moderating effect of controlling shareholders in Malaysia(Inderscience Publishers, 2022) Ting, Irene Wei Kiong; Asif, Jawad; Kweh, Qian Long; Tebourbi, ImenItem Intellectual Capital Investment and Firm Performance of the Malaysian Energy Sector: A New Perspective From a Nonlinearity Test(Asia-Pacific Applied Economics Association, 2020) Asif, Jawad; Ting, Irene Wei Kiong; Kweh, Qian LongThis study examines the association between intellectual capital investment and firm performance of the Malaysian energy sector. A non-linear relationship between intellectual capital investment and firm performance is established. At low levels of intellectual capital investment, increasing investments in intellectual capital improve firm performance. After a cut-off point, increments to intellectual capital investment reduce firm performance. © 2020, Asia-Pacific Applied Economics Association. All rights reserved.