Family firms, expropriation and firm value: Evidence of the role of independent directors’ tenure in Malaysia
محل انتشار: مجله بین المللی رهبری سازمانی، دوره: 6، شماره: 1
سال انتشار: 1396
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 221
فایل این مقاله در 23 صفحه با فرمت PDF قابل دریافت می باشد
- صدور گواهی نمایه سازی
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
JR_IJOL-6-1_008
تاریخ نمایه سازی: 3 اسفند 1398
چکیده مقاله:
This paper was conducted to examine whether there was a negative relationship between independent directors’ tenure and firm value which indicated the existence ofexpropriation due to long tenure of independent directors and whether controlling shareholders’ ownership moderated this relationship among Malaysian firms. Theresults revealed that there was a negative relationship between independent directors’ tenure and firm value. It also showed there was a significant positive moderating effect of controlling shareholders’ ownership on the relationship among Malaysian family firms in exclusive industries. However, there was inconclusive evidence that this negative relationship and positive moderating effect were stronger amongst the family firms compared with non-family firms
کلیدواژه ها:
نویسندگان
Chee Yoong Liew
SEGi University, Malaysia
Ervina Alfan
University of Malaya, Malaysia
Susela Devi
UNITAR International University, Malaysia