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Impact of Corporate Governance on Diversification in Finance Companies: Evidence from Malaysia

Journal of Economics Bibliography

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Title Impact of Corporate Governance on Diversification in Finance Companies: Evidence from Malaysia
 
Creator KALLAMU, Basiru Salisu; Putra Business School, University Putra Malaysia, 43400 UPM Serdang, Selangor Darul Ehsan
 
Subject —
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Description Abstract. The board of directors performs a very important role in formulating and monitoring the strategy of a company. Recent development in technology and the change in business environment as well as change in the nature of demand by customers has necessitated the change in the products and services offered by finance companies. Based on data from finance companies listed on Bursa Malaysia over the period 2007 to 2011 this paper examined the impact of board attributes and ownership structure on the corporate strategy of finance companies in Malaysia. The result indicates that expertise of directors and past performance is significant and negatively related with diversification. The study contributes to the literature on corporate governance of finance companies in relation to their diversification strategy and has highlighted the corporate governance mechanisms and regulatory measures appropriate for the sector in order to enhance monitoring so as to achieve sustainable economic development.Keywords. Board attributes, ownership structure, diversification strategy, finance companies.JEL. E62, H54, O40.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2016-03-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/624
10.1453/jeb.v3i1.624
 
Source Journal of Economics Bibliography; Vol 3, No 1 (2016): March; 108-122
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/624/713
 
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http://creativecommons.org/licenses/by-nc/4.0