Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 30, 2008 erstellt
Beschreibung:
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