Non-linearity between family control and firm financial sustainability: moderating effects of CEO tenure and education

dc.contributor.author Ahmad, Norazlin
dc.contributor.author Ting, Irene Wei Kiong
dc.contributor.author Tebourbi, Imen
dc.contributor.author Kweh, Qian Long
dc.date.accessioned 2022-03-17T09:39:12Z
dc.date.available 2022-03-17T09:39:12Z
dc.date.copyright © 2022
dc.date.issued 2022
dc.description This article is not available at CUD collection. The version of scholarly record of this article is published in Eurasian Business Review (2022), available online at: https://doi.org/10.1007/s40821-021-00197-7 en_US
dc.description.abstract We investigate the non-linearity between family control and firm financial sustainability and the manner in which CEO tenure and education moderate the non-linear relationship. We apply fixed-effects panel regression and several alternative tests, including two-stage least squares, in studying 2844 firm-year observations of Malaysian publicly listed firms during the period 2009–2019. We find a non-linear U-shaped relationship between family control and firm financial sustainability. Specifically, once levels of family control exceed a certain threshold, the relationship between family control and firm financial sustainability becomes positive. Moreover, CEO tenure and education moderate this non-linearity. That is, when family control is at a low (high) level, both moderators lessen (increase) the negative (positive) effects of family control on firm financial sustainability. © 2022, The Author(s) under exclusive licence to Eurasia Business and Economics Society. en_US
dc.description.sponsorship This article was financially supported by Universiti Malaysia Pahang (University Grant Scheme RDU1903110). en_US
dc.identifier.citation Ahmad, N., Ting, I. W. K., Tebourbi, I., & Kweh, Q. L. (2022). Non-linearity between family control and firm financial sustainability: Moderating effects of CEO tenure and education. Eurasian Business Review, https://doi.org/10.1007/s40821-021-00197-7 en_US
dc.identifier.issn 13094297
dc.identifier.uri https://doi.org/10.1007/s40821-021-00197-7
dc.identifier.uri http://hdl.handle.net/20.500.12519/526
dc.language.iso en en_US
dc.publisher Springer Science and Business Media Deutschland GmbH en_US
dc.relation Authors Affiliations : Ahmad, N., Faculty of Industrial Management, Universiti Malaysia Pahang, Pahang, Malaysia; Ting, I.W.K., Faculty of Industrial Management, Universiti Malaysia Pahang, Pahang, Malaysia; Tebourbi, I., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates; Kweh, Q.L., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates
dc.relation.ispartofseries Eurasian Business Review;
dc.rights License to reuse the abstract has been secured from Springer Nature and Copyright Clearance Center.
dc.rights.holder Copyright : © 2022, The Author(s) under exclusive licence to Eurasia Business and Economics Society.
dc.rights.license License Number: 5254811499212 License date: Feb 23, 2022
dc.rights.uri https://s100.copyright.com/MyAccount/viewLicenseDetails?ref=dc4321e0-0db6-43ff-80de-a93523b7363f
dc.subject CEO education en_US
dc.subject CEO tenure en_US
dc.subject Family control en_US
dc.subject Firm financial sustainability en_US
dc.subject Malaysia en_US
dc.subject Non-linearity en_US
dc.title Non-linearity between family control and firm financial sustainability: moderating effects of CEO tenure and education en_US
dc.type Article en_US
Files
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
2.01 KB
Format:
Item-specific license agreed upon to submission
Description: