Chief executive officer shareholding and company performance of Malaysian publicly listed companies / Heng Soo Eng, Ong Tze San and Teh Boon Heng

Heng, Soo Eng and Ong, Tze San and Teh, Boon Heng (2016) Chief executive officer shareholding and company performance of Malaysian publicly listed companies / Heng Soo Eng, Ong Tze San and Teh Boon Heng. Asia-Pacific Management Accounting Journal, 11 (1). pp. 116-133. ISSN 1675-3194

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Abstract

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.

Item Type: Article
Creators:
CreatorsEmail
Heng, Soo EngUNSPECIFIED
Ong, Tze SanUNSPECIFIED
Teh, Boon HengUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > Trust services. Trust companies
Divisions: Faculty of Accountancy
Journal or Publication Title: Asia-Pacific Management Accounting Journal
ISSN: 1675-3194
Volume: 11
Number: 1
Page Range: pp. 116-133
Item ID: 16074
Uncontrolled Keywords: CEO shareholding, company performance, Malaysian public listed companies
Last Modified: 02 Feb 2017 08:55
Depositing User: Staf Pendigitalan 5
URI: http://ir.uitm.edu.my/id/eprint/16074

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