Ownership structure, board governance, dividends and firm value: an empirical examination of Malaysian listed firms

Zunaidah Sulong, Pervaiz K. Ahmed

    Research output: Contribution to journalArticleResearchpeer-review

    4 Citations (Scopus)

    Abstract

    Corporate governance mechanisms have emerged to tackle agency problems and ensure that shareholders' funds are not expropriated or wasted on unprofitable activities. This paper aims to examine the effects of governance mechanisms of dividend, types of ownership structure and board governance on firm value and types of ownership structure and board governance on dividend. The paper utilises panel data analysis of firms listed on the Bursa Malaysia from 2002 to 2005. The results provides additional insight into effects of the governance reforms undertaken in Malaysia, which aim to tighten requirements for board independence, smaller board size and non-duality role.

    Original languageEnglish
    Pages (from-to)135-161
    Number of pages27
    JournalInternational Journal of Business Governance and Ethics
    Volume6
    Issue number2
    DOIs
    Publication statusPublished - May 2011

    Keywords

    • Board governance
    • Corporate governance mechanisms
    • Dividend
    • Firm value
    • Ownership structure

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