The determinants of public listed companies' size: a comparison between government linked companies (GLC) and non-GLCS / Ahmaf Syahmi Ahmad Liza

The purpose of this study is to evaluate the determinant of company's size from government link companies (GLCs) and non-GLCs. The GLCs and as well as non-GLCs have played a significant role in shaping the economic structure of Malaysia and they have a significant presence in the corporate sector. The independent variables use to conduct the study is return on assets (ROA), debt ratio, profitability and return on equity (ROE). The panel data is used for the comparative of GLCs and non-GLCs based on 5 years data selected from 20162020 in assessing the relationship between the dependent and independent variables. The financial data is taken from an annual report company and Bursa Marketplace financial report. The result for GLC companies in this study shows that return on assets (ROA) and debt ratio are the significant variables toward the size of company as they have a p-value that is lower than 5 percent significant level. Among the 2 variables, return on assets (ROA) is the most affecting variable toward the size of company as it has the highest coefficient among the 2 significant variables. On the other hand, for the non-GLC companies, only profitability has a significant relationship with company size.