메뉴 건너뛰기




Volumn 1, Issue 4, 2005, Pages 350-362

Can good corporate governance practices contribute to firms’ financial performance? – evidence from Malaysian companies

Author keywords

board practices; board structure; corporate governance; firm performance

Indexed keywords


EID: 53249126363     PISSN: 14779048     EISSN: 1741802X     Source Type: Journal    
DOI: 10.1504/ijbge.2005.006717     Document Type: Article
Times cited : (33)

References (42)
  • 1
    • 79960948624 scopus 로고
    • Managerial incentives, monitoring and risk bearing: a study of executive compensation, ownership and board structure in initial public offerings
    • Beatty R.P. and Zajac, E.J. (1994) ‘Managerial incentives, monitoring and risk bearing: a study of executive compensation, ownership and board structure in initial public offerings’, Administrative Science Quarterly, Vol. 39.
    • (1994) Administrative Science Quarterly , vol.39
    • Beatty, R.P.1    Zajac, E.J.2
  • 2
    • 0041494564 scopus 로고    scopus 로고
    • Perspectives on corporate control: implications for CEO compensation
    • Bilimoria, D. (1997) ‘Perspectives on corporate control: implications for CEO compensation’, Human Relations, The Tavistock Institute, Ohio, Vol. 50, No. 7.
    • (1997) Human Relations, The Tavistock Institute, Ohio , vol.50 , Issue.7
    • Bilimoria, D.1
  • 3
    • 0000106797 scopus 로고
    • Do outside directors monitor managers? Evidence from tender offer bids
    • Byrd, J.W. and Hickman, K.A. (1992) ‘Do outside directors monitor managers? Evidence from tender offer bids’, Journal of Financial Economics, Vol. 32, pp.195–222.
    • (1992) Journal of Financial Economics , vol.32 , pp. 195-222
    • Byrd, J.W.1    Hickman, K.A.2
  • 4
    • 0000426451 scopus 로고
    • Capital market information and industrial performance: the role of West German banks
    • Cable, J. (1985) ‘Capital market information and industrial performance: the role of West German banks’, Economic Journal, Vol. 95, pp.118–132.
    • (1985) Economic Journal , vol.95 , pp. 118-132
    • Cable, J.1
  • 8
    • 2142720242 scopus 로고    scopus 로고
    • Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC
    • Spring
    • Dechow, P.M., Sloan, R.G. and Sweeney, A.P. (1996) ‘Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC’, Contemporary Accounting Research, Spring, Vol. 13, pp.1–36.
    • (1996) Contemporary Accounting Research , vol.13 , pp. 1-36
    • Dechow, P.M.1    Sloan, R.G.2    Sweeney, A.P.3
  • 9
    • 84935941592 scopus 로고
    • The structure of corporate ownership: causes and consequences
    • Demsetz, H. and Lehn, K. (1985) ‘The structure of corporate ownership: causes and consequences’, Journal of Political Economy, Vol. 93, No. 6, pp.1155—1177.
    • (1985) Journal of Political Economy , vol.93 , Issue.6 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 11
    • 84964127697 scopus 로고
    • Stewardship theory or agency theory: CEO governance and shareholder returns
    • Donaldson, L. and Davis, J. (1991) ‘Stewardship theory or agency theory: CEO governance and shareholder returns’, Australian Journal of Management, Vol. 16, No. 1, pp.49–64.
    • (1991) Australian Journal of Management , vol.16 , Issue.1 , pp. 49-64
    • Donaldson, L.1    Davis, J.2
  • 12
    • 84945728652 scopus 로고    scopus 로고
    • Ownership structure and firm performance: evidence from plantation firms listed on Kuala Lumpur stock exchange
    • Penang, May
    • Faizah, M.S (2002) ‘Ownership structure and firm performance: evidence from plantation firms listed on Kuala Lumpur stock exchange’, Proceedings of the Third Malaysian Finance Association Conference, Penang, May.
    • (2002) Proceedings of the Third Malaysian Finance Association Conference
    • Faizah, M.S.1
  • 13
    • 0002886905 scopus 로고
    • Takeover bids, the free-rider problem and the theory of the corporation
    • Grossman, S. and Hart, O.D. (1980) ‘Takeover bids, the free-rider problem and the theory of the corporation’, Bell Journal of Economics, Spring, pp.42–64.
    • (1980) Bell Journal of Economics , vol.Spring , pp. 42-64
    • Grossman, S.1    Hart, O.D.2
  • 14
    • 0004227324 scopus 로고    scopus 로고
    • 4th edition, McGraw-Hill International
    • Gujarati, D.N. (2003) Basic Econometrics, 4th edition, McGraw-Hill International.
    • (2003) Basic Econometrics
    • Gujarati, D.N.1
  • 15
    • 0001387430 scopus 로고
    • The effects of board composition and direct incentives on firm performance
    • Hermalin, B.E. and Weisbach, M.S. (1991) ‘The effects of board composition and direct incentives on firm performance’, Financial Management, Vol. 20, pp.101–112.
    • (1991) Financial Management , vol.20 , pp. 101-112
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 16
    • 0007127129 scopus 로고    scopus 로고
    • Were the good old days that good? Changes in managerial stock ownership since the great depression
    • Holderness, C.G., Kroszner, R.S. and Sheehan, D.P. (1999) ‘Were the good old days that good? Changes in managerial stock ownership since the great depression’, Journal of Finance, Vol. 54, pp.435–469.
    • (1999) Journal of Finance , vol.54 , pp. 435-469
    • Holderness, C.G.1    Kroszner, R.S.2    Sheehan, D.P.3
  • 17
    • 45949112827 scopus 로고
    • Shark repellents and stock prices: the effects of antitakeover amendments since 1980
    • Jarrell, G. and Poulson, A. (1987) ‘Shark repellents and stock prices: the effects of antitakeover amendments since 1980’, Journal of Financial Economics, Vol. 17, pp.127–168.
    • (1987) Journal of Financial Economics , vol.17 , pp. 127-168
    • Jarrell, G.1    Poulson, A.2
  • 19
    • 77956686084 scopus 로고    scopus 로고
    • Structure of ownership and corporate financial performance: a Malaysian case
    • Mat-Nor, F., Said, R.M. and Redzuan, H. (1999) ‘Structure of ownership and corporate financial performance: a Malaysian case’, Malaysian Management Review, December, pp.44–48.
    • (1999) Malaysian Management Review , vol.December , pp. 44-48
    • Mat-Nor, F.1    Said, R.M.2    Redzuan, H.3
  • 20
    • 0011088442 scopus 로고
    • Additional evidence on equity ownership and corporate value
    • McConnell, J.J. and Servaes, H. (1990) ‘Additional evidence on equity ownership and corporate value’, Journal of Financial Economics, Vol. 27, No. 2, pp.595–613.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 , pp. 595-613
    • McConnell, J.J.1    Servaes, H.2
  • 21
    • 31144442882 scopus 로고
    • Equity ownership and the two faces of debt
    • McConnell, J.J. and Servaes, H. (1995) ‘Equity ownership and the two faces of debt’, Journal of Financial Economics, Vol. 39, pp.131–157.
    • (1995) Journal of Financial Economics , vol.39 , pp. 131-157
    • McConnell, J.J.1    Servaes, H.2
  • 22
    • 0348061075 scopus 로고    scopus 로고
    • Audit committee performance: an investigation of the consequences associated with audit committees
    • Spring
    • McMullen, D.A. (1996) ‘Audit committee performance: an investigation of the consequences associated with audit committees’, Auditing: A Journal of Practice and Theory, Spring, Vol. 15, pp.87–103.
    • (1996) Auditing: A Journal of Practice and Theory , vol.15 , pp. 87-103
    • McMullen, D.A.1
  • 23
    • 33645896609 scopus 로고
    • Management ownership and market valuation: an empirical analysis
    • Morck, R., Shleifer, A. and Vishny, R.W. (1988) ‘Management ownership and market valuation: an empirical analysis’, Journal of Financial Economics, Vol. 20, pp.293–315.
    • (1988) Journal of Financial Economics , vol.20 , pp. 293-315
    • Morck, R.1    Shleifer, A.2    Vishny, R.W.3
  • 25
    • 84896306907 scopus 로고    scopus 로고
    • Strengthening the audit mechanism
    • Noordin, H. (1999) ‘Strengthening the audit mechanism’, Akauntan Nasional, April, p.24.
    • (1999) Akauntan Nasional , vol.April , pp. 24
    • Noordin, H.1
  • 26
    • 0347866102 scopus 로고
    • The role of universal banks in German corporate governance
    • Perlitz, M. and Seger, F. (1994) ‘The role of universal banks in German corporate governance’, Business and the Contemporary World, Vol. 6, No. 4, pp.49–67.
    • (1994) Business and the Contemporary World , vol.6 , Issue.4 , pp. 49-67
    • Perlitz, M.1    Seger, F.2
  • 28
    • 0005115330 scopus 로고    scopus 로고
    • A survey of German corporate governance
    • K. Hopt, H. Kanda, M. Roe, E. Wymeersch and S. Prigge’s (Eds.) UK: Oxford University Press
    • Prigge, S. (1998) ‘A survey of German corporate governance’, in K. Hopt, H. Kanda, M. Roe, E. Wymeersch and S. Prigge’s (Eds.) Comparative Corporate Governance – The State of the Art and Emerging Research, UK: Oxford University Press.
    • (1998) Comparative Corporate Governance – The State of the Art and Emerging Research
    • Prigge, S.1
  • 29
    • 0000550392 scopus 로고
    • The impact of CEO as board chairperson on corporate performance: evidence vs. rhetoric
    • Rechner, P.L. and Dalton, D.R. (1989) ‘The impact of CEO as board chairperson on corporate performance: evidence vs. rhetoric’, Academy of Management Executive, Vol. 3, No. 2, pp.141–143.
    • (1989) Academy of Management Executive , vol.3 , Issue.2 , pp. 141-143
    • Rechner, P.L.1    Dalton, D.R.2
  • 30
    • 84989072165 scopus 로고
    • CEO duality and organizational performance: a longitudinal analysis
    • Rechner, P.L. and Dalton, D.R. (1991) ‘CEO duality and organizational performance: a longitudinal analysis’, Strategic Management Journal, Vol. 12, pp.155–160.
    • (1991) Strategic Management Journal , vol.12 , pp. 155-160
    • Rechner, P.L.1    Dalton, D.R.2
  • 31
    • 0000211393 scopus 로고
    • Outside directors, board independence and shareholder wealth
    • Rosenstein, S. and Wyatt, J.G. (1990) ‘Outside directors, board independence and shareholder wealth’, Journal of Financial Economics, Vol. 26, pp.175–191.
    • (1990) Journal of Financial Economics , vol.26 , pp. 175-191
    • Rosenstein, S.1    Wyatt, J.G.2
  • 32
    • 84945728654 scopus 로고    scopus 로고
    • Further evidence on the relationship between insider stock ownership and firm performance in Malaysia
    • 26 May, Malaysia: IIU
    • Ruhani, A. and Sanda, A.U. (2001) ‘Further evidence on the relationship between insider stock ownership and firm performance in Malaysia’, Proceedings of the Malaysian Finance Association Third Annual Symposium, 26 May, Malaysia: IIU.
    • (2001) Proceedings of the Malaysian Finance Association Third Annual Symposium
    • Ruhani, A.1    Sanda, A.U.2
  • 34
    • 84936823587 scopus 로고
    • Large shareholders and corporate control
    • Shleifer, A. and Vishny, R.W. (1986) ‘Large shareholders and corporate control’, Journal of Political Economy, Vol. 95, pp.461–488.
    • (1986) Journal of Political Economy , vol.95 , pp. 461-488
    • Shleifer, A.1    Vishny, R.W.2
  • 35
    • 45549112378 scopus 로고
    • Managerial control of voting rights: financing policies and the market for corporate control
    • Stulz, R. (1988) ‘Managerial control of voting rights: financing policies and the market for corporate control’, Journal of Financial Economics, Vol. 20, pp.25–54.
    • (1988) Journal of Financial Economics , vol.20 , pp. 25-54
    • Stulz, R.1
  • 36
    • 84896280254 scopus 로고    scopus 로고
    • The managerial challenge and response to the 1997/1998 Asian economic crisis
    • December
    • Sycip, W. (1998) ‘The managerial challenge and response to the 1997/1998 Asian economic crisis’, Malaysian Management Review, December, Vol. 33, No. 2, pp.1–9.
    • (1998) Malaysian Management Review , vol.33 , Issue.2 , pp. 1-9
    • Sycip, W.1
  • 37
    • 0007005483 scopus 로고    scopus 로고
    • Corporate governance, performance and takeovers: an empirical analysis of UK mergers
    • Weir, C. (1997) ‘Corporate governance, performance and takeovers: an empirical analysis of UK mergers’, Applied Economics, Vol. 29, No. 11.
    • (1997) Applied Economics , vol.29 , Issue.11
    • Weir, C.1
  • 38
    • 33845790377 scopus 로고
    • Outside directors and CEO turnover
    • Weisbach, M.S. (1988) ‘Outside directors and CEO turnover’, Journal of Financial Economics, Vol. 20, pp.431–460.
    • (1988) Journal of Financial Economics , vol.20 , pp. 431-460
    • Weisbach, M.S.1
  • 39
    • 0032262560 scopus 로고    scopus 로고
    • The Asian economic crisis and Japan
    • September
    • Yamazawa, I. (1998) ‘The Asian economic crisis and Japan’, The Developing Economies, September, Vol. XXXVI, No. 3, pp.332–351.
    • (1998) The Developing Economies , vol.36 , Issue.3 , pp. 332-351
    • Yamazawa, I.1
  • 41
    • 33645143873 scopus 로고
    • Stock ownership and the performance of the firm in Malaysia
    • Yeboah-Duah, K. (1993) ‘Stock ownership and the performance of the firm in Malaysia’, Capital Market Review, Vol. 1, No. 2, pp.83–108.
    • (1993) Capital Market Review , vol.1 , Issue.2 , pp. 83-108
    • Yeboah-Duah, K.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.