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Nomination Commitee Attributes and Firm Performance: Evidence from Finance Companies in Malaysia

Journal of Economic and Social Thought

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Title Nomination Commitee Attributes and Firm Performance: Evidence from Finance Companies in Malaysia
 
Creator KALLAMU, Basiru Salisu; Putra Business School, University Putra Malaysia, 43400 UPM Serdang, Selangor Darul Ehsan
 
Subject Nomination committee, independent directors, finance companies, firm performance
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Description Abstract. The paper examines the impact of nomination committee attributes on the performance of finance companies in Malaysia. Our panel data is composed of annual data for finance companies listed on the main market of Bursa Malaysia over the period 2004 to 2011. The result indicates that finance expertise of directors’ on nomination committee influences accounting returns positively while membership of executive on nomination committee affects accounting returns negatively. This indicates that the requirement of Bank Negara that nomination committee should be composed of non-executive directors is appropriate and suggests that the regulators should recommend companies to include directors with finance expertise in the nomination committee in future policy formulation.Keywords. Nomination committee, independent directors, finance companies, firm performance.JEL. E62, H54, O40.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor —
 
Date 2016-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/626
10.1453/jest.v3i1.626
 
Source Journal of Economic and Social Thought; Vol 3, No 1 (2016): March; 150-165
Journal of Economic and Social Thought; Vol 3, No 1 (2016): March; 150-165
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/626/781
 
Rights Copyright (c) 2016 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0