Globalizing the Boardroom among Family-Controlled Companies on Bursa Malaysia: The effects of corporate governance on firm performance

Abstract

This paper aimed to determine the research gap between corporate governance and its effects on firm performance among family-controlled listed companies on Bursa Malaysia with a globalized boardroom after implementing MCCG 2012. The study focused on family-controlled companies listed on Bursa Malaysia from 2013 to 2018. The sample size includes 240 firm-year observations. Panel data analysis (fixed and random effect) model and Hausman tests were used. Results from panel data analysis (Eviews) found no significant effects between corporate governance and firm performance of family-controlled companies listed on Bursa Malaysia with a globalized boardroom. Keywords: Corporate Governance; Firm Performance; Family-Controlled Companies; Globalized Boardroom eISSN: 2398-4287 © 2022. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open-access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under the responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians), and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v7iSI8.3915