Director remuneration and performance in Malaysia family firms: an expropriation matter?
Article
Article Title | Director remuneration and performance in Malaysia family firms: an expropriation matter? |
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ERA Journal ID | 201731 |
Article Category | Article |
Authors | Jaafar, Syaiful Baharee (Author), Wahab, Effiezal Aswadi Abdul (Author) and James, Kieran (Author) |
Journal Title | World Review of Business Research |
Journal Citation | 2 (4), pp. 204-222 |
Number of Pages | 19 |
Year | 2012 |
Place of Publication | Melbourne, Australia |
ISSN | 1838-3955 |
1839-1176 | |
Web Address (URL) | http://wbiaus.org/15.%20Syaiful.pdf |
Abstract | This study examines the relationship between director remuneration and performance in Malaysia family firms. The proxies of director remuneration include fees, salary, bonuses, and benefits of kin. The proxy for family firm is a dummy variable that is one (1) if the firm is a family firm and zero (0) is a non-family firm. The dependent variable (performance) is measured by ROA and ROE. A panel analysis of 537 firms from 2007 and 2009 finds that the relationship between director remuneration and performance is significantly positive. This suggests that the remuneration driven board motivation to enhance performance. Furthermore, this study does not find evidence the family firm manipulated a power and control for personal wealth. |
Keywords | director remuneration, family firm, performance, direct shareholding, indirect shareholding |
ANZSRC Field of Research 2020 | 350103. Financial accounting |
350107. Sustainability accounting and reporting | |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | University of Southern Queensland |
University of Science, Malaysia | |
School of Accounting, Economics and Finance | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q154z/director-remuneration-and-performance-in-malaysia-family-firms-an-expropriation-matter
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