Does ownership concentration affect financial performance? evidence of Malaysian healthcare sector / Noor Sharida Badri Shah ... [et al.]

Badri Shah, Noor Sharida and Mohd Zaidi, Nur Qaisara Auni and Mohd Zulkifli, Shaliza Azreen and Shekh Zain, Rozihanim and Muhammad Yusuf, Noor Hafizha and Shafai, Nor Anis (2025) Does ownership concentration affect financial performance? evidence of Malaysian healthcare sector / Noor Sharida Badri Shah ... [et al.]. Jurnal Intelek, 20 (1): 13. pp. 149-162. ISSN 2682-9223

Abstract

Corporate Ownership Concentration stand as critical pillars shaping the success of modern businesses. Today, this matter is fostered by a new set of parameters in a global economy and facing the huge challenges in corporate governance issues. This empirical study investigates the effect of ownership concentration on financial performance (Return on Asset) in Malaysian Healthcare sector. The study conducted empirical research using a sample of fourteen (14) companies operating within the Malaysian healthcare sector. STATA 14 was employed to run panel data analysis; panel specification test, diagnostic test, descriptive statistics, correlation analysis and regression analysis. The study found that ownership concentration significantly influences the financial performance of healthcare firms, as it provides greater control and influence over strategic decisions, promotes accountability and long-term orientation, and facilitates active monitoring of management. The understanding of this relationship is crucial for optimizing ownership structures, mitigating agency costs, and enhancing overall sector performance, ultimately leading to improved healthcare provision in Malaysia.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Badri Shah, Noor Sharida
UNSPECIFIED
Mohd Zaidi, Nur Qaisara Auni
UNSPECIFIED
Mohd Zulkifli, Shaliza Azreen
shaliza@uitm.edu.my
Shekh Zain, Rozihanim
UNSPECIFIED
Muhammad Yusuf, Noor Hafizha
UNSPECIFIED
Shafai, Nor Anis
anis448@uitm.edu.my
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions: Universiti Teknologi MARA, Perlis > Arau Campus
Journal or Publication Title: Jurnal Intelek
UiTM Journal Collections: Listed > Jurnal Intelek (JI)
ISSN: 2682-9223
Volume: 20
Number: 1
Page Range: pp. 149-162
Keywords: agency cost, financial performance, healthcare sectors, ownership concentration
Date: February 2025
URI: https://ir.uitm.edu.my/id/eprint/111271
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