Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies

Ung, Likjing and Rayenda Khresna, Brahmana and Puah, Chin Hong and Hooy, Chee-Wooi (2016) Divestiture, Corporate Performance And Ownership Expropriation: Evidence On Malaysia Public-Listed Companies. In: 18th International Scientific Conference on Economic and Social Development, 9-10 December 2016, Zagreb, Croatia.

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Abstract

This paper investigates the impact of divestiture strategy on Malaysia listed company performance. This paper attempts to determine ownership expropriation and use of proceeds associated based on the Agency Theory. We consider a sample of more than 100 companies between 2008 and 2013. We focus on Malaysia listed firm which is developing country. Our findings provide that return on asset as accounting measures performance will tend to increase when divestiture strategy is adopted while Tobin’s q as market-based measures performance will decrease when divestiture strategy is used by firm.

Item Type: Proceeding (Paper)
Uncontrolled Keywords: Corporate Governance, Divestiture; Firm Value; Ownership Structure, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 28 Aug 2017 06:24
Last Modified: 01 Jun 2021 11:56
URI: http://ir.unimas.my/id/eprint/17415

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