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Chief executive officer shareholding and company performance of Malaysian publicly listed companies

This study aims to investigate the relationship between chief executive officer (CEO) shareholding and company performance. Specifically, the study investigates the influence of the level of direct and indirect CEO shareholdings on the market growth, profitability and liquidity of companies. A sampl...

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Main Authors: Heng, Soon Eng, Ong, Tze San, Teh, Boon Heng
Format: Article
Language:English
Published: Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM) 2016
Online Access:http://psasir.upm.edu.my/id/eprint/55280/1/Chief%20executive%20officer%20shareholding%20and%20company%20performance%20of%20Malaysian%20publicly%20listed%20companies.pdf
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id oai:psasir.upm.edu.my:55280
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spelling oai:psasir.upm.edu.my:55280 http://psasir.upm.edu.my/id/eprint/55280/ Chief executive officer shareholding and company performance of Malaysian publicly listed companies Heng, Soon Eng Ong, Tze San Teh, Boon Heng This study aims to investigate the relationship between chief executive officer (CEO) shareholding and company performance. Specifically, the study investigates the influence of the level of direct and indirect CEO shareholdings on the market growth, profitability and liquidity of companies. A sample comprising 59 companies was obtained from Bursa Malaysia within a five-year period from 2009 to 2013. Results reveal that most CEOs of Malaysian listed companies own company shares either directly or indirectly. The CEOs of listed companies in Malaysia tend to retain controlling stakes by possessing a significant amount of shares in their companies. As a result, these companies demonstrate improved financial performance. Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM) 2016-06-30 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/55280/1/Chief%20executive%20officer%20shareholding%20and%20company%20performance%20of%20Malaysian%20publicly%20listed%20companies.pdf Heng, Soon Eng and Ong, Tze San and Teh, Boon Heng (2016) Chief executive officer shareholding and company performance of Malaysian publicly listed companies. Asia-Pacific Management Accounting Journal, 11 (1). pp. 115-133. ISSN ISSN: 1675-31942; ESSN: 550-1631 http://arionline.uitm.edu.my/ojs/index.php/APMAJ/article/view/387>
institution UPM IR
collection UPM IR
language English
description This study aims to investigate the relationship between chief executive officer (CEO) shareholding and company performance. Specifically, the study investigates the influence of the level of direct and indirect CEO shareholdings on the market growth, profitability and liquidity of companies. A sample comprising 59 companies was obtained from Bursa Malaysia within a five-year period from 2009 to 2013. Results reveal that most CEOs of Malaysian listed companies own company shares either directly or indirectly. The CEOs of listed companies in Malaysia tend to retain controlling stakes by possessing a significant amount of shares in their companies. As a result, these companies demonstrate improved financial performance.
format Article
author Heng, Soon Eng
Ong, Tze San
Teh, Boon Heng
spellingShingle Heng, Soon Eng
Ong, Tze San
Teh, Boon Heng
Chief executive officer shareholding and company performance of Malaysian publicly listed companies
author_facet Heng, Soon Eng
Ong, Tze San
Teh, Boon Heng
author_sort Heng, Soon Eng
title Chief executive officer shareholding and company performance of Malaysian publicly listed companies
title_short Chief executive officer shareholding and company performance of Malaysian publicly listed companies
title_full Chief executive officer shareholding and company performance of Malaysian publicly listed companies
title_fullStr Chief executive officer shareholding and company performance of Malaysian publicly listed companies
title_full_unstemmed Chief executive officer shareholding and company performance of Malaysian publicly listed companies
title_sort chief executive officer shareholding and company performance of malaysian publicly listed companies
publisher Accounting Research Institute (ARI), Universiti Teknologi MARA (UiTM)
publishDate 2016
url http://psasir.upm.edu.my/id/eprint/55280/1/Chief%20executive%20officer%20shareholding%20and%20company%20performance%20of%20Malaysian%20publicly%20listed%20companies.pdf
_version_ 1819297531759165440
score 13.4562235

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