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Title: Influence of political preference on the succession process and performance of family firms in Malaysia.
Authors: Chua, Kah Yeen.
Ngov, Ky Meng.
Poh, Jasmine Jing Jing.
Keywords: DRNTU::Business::Operations management::Family owned business enterprises
Issue Date: 2009
Abstract: This paper explores the influence of political preference on the successor choice of public-listed family firms, set against Malaysia’s unique socio-political environment. In addition, we investigate the impact of the change in political preference and corporate governance on family firms’ performance, over the seven-year succession process. Our findings suggest that when such firms receive high political preference on the board level, the chairmanship tends to be passed to family members as compared to unrelated professionals. Further, results associated with firms’ performance indicate that an increase in firms’ political preference will lead to better market performance but will bring about a decline in financial performance. Finally, we conclude from our findings that an improvement in the corporate governance of family firms would lead to better firm performance over the succession process.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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