Corporate Performance and Governance in Malaysia /

This paper measures corporate sector performance (efficiency) and empirically examines the role of corporate governance. A stochastic frontier with inefficiency effects is fitted to a panel dataset of 31 of the largest nonfinancial companies listed on the Kuala Lumpur Stock Exchange for the period 1...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Leruth, Luc
Rannpháirtithe: Khatri, Yougesh, Piesse, J.
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2002.
Sraith:IMF Working Papers; Working Paper ; No. 2002/152
Rochtain ar líne:Full text available on IMF
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100 1 |a Leruth, Luc. 
245 1 0 |a Corporate Performance and Governance in Malaysia /  |c Luc Leruth, Yougesh Khatri, J. Piesse. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper measures corporate sector performance (efficiency) and empirically examines the role of corporate governance. A stochastic frontier with inefficiency effects is fitted to a panel dataset of 31 of the largest nonfinancial companies listed on the Kuala Lumpur Stock Exchange for the period 1995 to 1999. Focusing specifically on the impact of the system of corporate governance and the level of control on firm-level performance, results show an underlying vulnerability in these firms, exacerbated by their reliance on bank-based borrowing and a highly concentrated shareholding structure with complex cross holdings. Furthermore, debt does not appear to have the control features present in outsider systems of corporate governance. 
538 |a Mode of access: Internet 
700 1 |a Khatri, Yougesh. 
700 1 |a Piesse, J. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/152 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/152/001.2002.issue-152-en.xml  |z IMF e-Library