Date of Award
1-1-2001
Thesis Type
Masters
Document Type
Thesis
Divisions
Faculty of Business and Economics
Department
-
Institution
Universiti Malaya
Abstract
The ability to align managerial and shareholder Interests via the managerial ownership of equity is an important topic of Inquiry, with the governance issues arising from the separation of ownership from control. The primarily US and UK based literature and findings suggest that management is aligned at low and possibly high levels of ownership but is entrenched (pursuing self interest) at intermediate ownership levels. This paper examines the relationship between the performance of public-listed companies (PLC) and director ownership in Malaysia using accounting and market performance measures. The empirical results of the paper shows that as director ownership in a firm increases, a firm's performance increases. The analysis of a more generalised form of relationship confirm the general finding of the US and UK literature of a non-linear relationship between firm performance and managerial ownership.
Additional Information
Dissertation (M.A) -- Faculty of Business and Economics, Universiti Malaya, 2001.
Recommended Citation
Yap, Kiew Heong, "Director ownership and financial performance of listed companies in Malaysia" (2001). Student Works (2000-2009). 546.
https://knova.um.edu.my/student_works_2000s/546
Creative Commons License
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