Founder management, government ownership and firm performance : evidence from Malaysia

dc.contributor.author Ting, Irene Wei Kiong
dc.contributor.author Kweh, Qian Long
dc.contributor.author Lean, Hooi Hooi
dc.contributor.author Juan, Sui Hai
dc.date.accessioned 2020-01-27T10:27:27Z
dc.date.available 2020-01-27T10:27:27Z
dc.date.copyright © 2018
dc.date.issued 2018
dc.description This article is not available at CUD collection. The version of scholarly record of this Article is published in Institutions and Economies (2018), available online at: https://ijie.um.edu.my/article/view/9551. en_US
dc.description.abstract This paper examines first, how founder CEOs affect firm performance and second, whether government ownership moderates the relationship between founder CEOs and firm performance of companies listed in Malaysia between 2002 and 2011. Firms led by founder CEOs perform better than those led by non-founder CEOs. Although a direct-effect test indicates that government ownership may be detrimental to firm performance, there exists a positive relationship between founder CEOs and firm performance in the presence of government ownership from the perspective of growth opportunities. In terms of profitability, however, government ownership may not increase return on assets. These findings suggest that the government may play a crucial role to protect investor’s wealth, especially with respect to long-term survival of a company. © 2018, Faculty of Economics and Administration. All rights reserved. en_US
dc.identifier.citation Ting, I.W.K., Kweh, Q.L., Lean, H.H., & Juan, S.H. (2018). Founder management, government ownership and firm performance: evidence from Malaysia. Institutions and Economies, 10(1), 1–17. https://ijie.um.edu.my/article/view/9551 en_US
dc.identifier.issn 22321640
dc.identifier.uri https://ijie.um.edu.my/article/view/9551
dc.identifier.uri http://hdl.handle.net/20.500.12519/48
dc.language.iso en en_US
dc.publisher Faculty of Economics and Administration en_US
dc.relation Authors Affiliations: Ting, I.W.K., Faculty of Industrial Management, Universiti Malaysia Pahang, Gambang, Kuantan Pahang 26600, Malaysia; Kweh, Q.L., Faculty of Management, Canadian University Dubai, Dubai, 117781, United Arab Emirates; Lean, H.H., School of Social Sciences, Universiti Sains Malaysia, Georgetown, Pulau Pinang 11800, Malaysia; Juan, S.H., Faculty of Industrial Management, Universiti Malaysia Pahang, Gambang, Kuantan Pahang 26600, Malaysia
dc.relation.ispartofseries Institutions and Economies; Volume 10, Issue 1
dc.rights Permission to reuse the abstract has been secured from Faculty of Economics and Administration.
dc.rights.holder Copyright : © 2018, Faculty of Economics and Administration. All rights reserved.
dc.subject Firm performance en_US
dc.subject Founder CEOs en_US
dc.subject Government ownership en_US
dc.subject Growth en_US
dc.subject Public listed companies en_US
dc.title Founder management, government ownership and firm performance : evidence from Malaysia en_US
dc.type Article en_US
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