期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2013
卷号：2
期号：2
页码：75-81
DOI：10.5923/j.ijfa.20130202.04
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：This paper aims to investigate and analyze the effect of ownership by different groups of investors on the performance of listed companies in Malaysia for a period of ten years from 2000 to 2009. The results of GLS show that firm performance is positive and significantly related to five government-linked investment companies, foreign ownership, and DPIIs ownership while it is negatively and significantly related to state ownership. These results imply that government ownership through GLICs does not lead to value destruction. In fact, it could lead to better monitoring. However, state ownership leads to lower values.
关键词：Glics Ownership; State Ownership; Institutional Ownership; Corporate Governance; Performance
