Director remuneration and performance in Malaysia family firms: an expropriation matter?

Article


Jaafar, Syaiful Baharee, Wahab, Effiezal Aswadi Abdul and James, Kieran. 2012. "Director remuneration and performance in Malaysia family firms: an expropriation matter? " World Review of Business Research. 2 (4), pp. 204-222.
Article Title

Director remuneration and performance in Malaysia family firms: an expropriation matter?

ERA Journal ID201731
Article CategoryArticle
AuthorsJaafar, Syaiful Baharee (Author), Wahab, Effiezal Aswadi Abdul (Author) and James, Kieran (Author)
Journal TitleWorld Review of Business Research
Journal Citation2 (4), pp. 204-222
Number of Pages19
Year2012
Place of PublicationMelbourne, Australia
ISSN1838-3955
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.

Keywordsdirector remuneration, family firm, performance, direct shareholding, indirect shareholding
ANZSRC Field of Research 2020350103. Financial accounting
350107. Sustainability accounting and reporting
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Byline AffiliationsUniversity of Southern Queensland
University of Science, Malaysia
School of Accounting, Economics and Finance
Institution of OriginUniversity of Southern Queensland
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