Ownership monitoring mechanism and corporate performance

Evidence from banking firms in Asian emerging markets

Abdul Hadi Zulkafli, Fazilah Abdul Samad, Izani Ibrahim

    Research output: Contribution to journalArticle

    Abstract

    Corporate governance is regarded as a major issue during the post-financial crisis period in Asia. These countries have implemented corporate governance reforms to enhance the protection of their shareholders and stakeholders interests. Such reforms may affect the conduct of business of all corporations in the region as it allows for greater monitoring especially by the shareholders. Unlike earlier studies which focused on non-financial firms, this study analyzes the corporate governance involving ownership monitoring mechanism of listed banking firms in nine Asian emerging markets which are Malaysia, Thailand, Philippines, Indonesia, Korea, Singapore, Hong Kong, Taiwan and India. It is found that ownership monitoring mechanisms of the banking firms in Asian emerging markets are negatively related with firm value measured by Tobin's Q.

    Original languageEnglish
    Pages (from-to)349-357
    Number of pages9
    JournalCorporate Ownership and Control
    Volume5
    Issue number3 D CONT. 3
    Publication statusPublished - 2008

    Fingerprint

    Corporate performance
    Asian emerging markets
    Ownership
    Banking
    Monitoring
    Corporate governance
    Shareholders
    Firm value
    India
    Tobin's Q
    Korea
    Hong Kong
    Singapore
    Thailand
    Financial crisis
    Indonesia
    Malaysia
    Corporate governance reform
    Philippines
    Stakeholders

    Keywords

    • Banks
    • Corporate Governance

    ASJC Scopus subject areas

    • Business, Management and Accounting(all)

    Cite this

    Ownership monitoring mechanism and corporate performance : Evidence from banking firms in Asian emerging markets. / Zulkafli, Abdul Hadi; Samad, Fazilah Abdul; Ibrahim, Izani.

    In: Corporate Ownership and Control, Vol. 5, No. 3 D CONT. 3, 2008, p. 349-357.

    Research output: Contribution to journalArticle

    Zulkafli, Abdul Hadi ; Samad, Fazilah Abdul ; Ibrahim, Izani. / Ownership monitoring mechanism and corporate performance : Evidence from banking firms in Asian emerging markets. In: Corporate Ownership and Control. 2008 ; Vol. 5, No. 3 D CONT. 3. pp. 349-357.
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