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Board Structure and Corporate Performance: Evidence from Public-Listed Family-Ownership in MalaysiaM. Fazilah Abdul Samadaffiliation not provided to SSRN Afizar Amiraffiliation not provided to SSRN Haslindar Ibrahimaffiliation not provided to SSRN October 30, 2008 Abstract: We compare corporate governance and performance between family and non-family ownership of public listed companies in Malaysia from 1999 through 2005 measured by Tobin's Q, ROA and ROE. We find that on average, family ownership experiences a higher value than non-family ownership based on ROE. However, firm value is lower in family than non-family ownership based on Tobin's Q and ROA. In the analysis, the board size, independent director and duality for family and non-family ownership has a strong significant influence on firm performance.
Number of Pages in PDF File: 23 Keywords: family-ownership, corporate governance, ownership structure working papers seriesDate posted: October 31, 2008Suggested CitationContact Information
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