Modelling agency problems in Malaysian pyramid structures

Modelling agency problems in Malaysian pyramid structures

The purpose of this research is to propose the models to examine the determinants of affiliation to pyramid firms and to investigate the effects of pyramid firms towards corporate value. Previous research have documented that in many East Asian firms, the ultimate owners showed a mismatch in cash fl...

Full description

Bibliographic Details
Published in:ICIMTR 2012 - 2012 International Conference on Innovation, Management and Technology Research
Main Author: Malan I.N.B.B.; Salamudin N.B.
Format: Conference paper
Language:English
Published: 2012
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-84864818389&doi=10.1109%2fICIMTR.2012.6236486&partnerID=40&md5=cf049071f8cb71a30442927f919a09fd
id 2-s2.0-84864818389
spelling 2-s2.0-84864818389
Malan I.N.B.B.; Salamudin N.B.
Modelling agency problems in Malaysian pyramid structures
2012
ICIMTR 2012 - 2012 International Conference on Innovation, Management and Technology Research


10.1109/ICIMTR.2012.6236486
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84864818389&doi=10.1109%2fICIMTR.2012.6236486&partnerID=40&md5=cf049071f8cb71a30442927f919a09fd
The purpose of this research is to propose the models to examine the determinants of affiliation to pyramid firms and to investigate the effects of pyramid firms towards corporate value. Previous research have documented that in many East Asian firms, the ultimate owners showed a mismatch in cash flow rights and control rights which leads to expropriation of minority shareholders' interest. The method adapts Attig Model and the unit of study is pyramidal firms in Malaysia. It shows that there is a difference between cash flow rights and control rights among Malaysian pyramidal firms which bring negative implication towards corporate value. © 2012 IEEE.


English
Conference paper
author Malan I.N.B.B.; Salamudin N.B.
spellingShingle Malan I.N.B.B.; Salamudin N.B.
Modelling agency problems in Malaysian pyramid structures
author_facet Malan I.N.B.B.; Salamudin N.B.
author_sort Malan I.N.B.B.; Salamudin N.B.
title Modelling agency problems in Malaysian pyramid structures
title_short Modelling agency problems in Malaysian pyramid structures
title_full Modelling agency problems in Malaysian pyramid structures
title_fullStr Modelling agency problems in Malaysian pyramid structures
title_full_unstemmed Modelling agency problems in Malaysian pyramid structures
title_sort Modelling agency problems in Malaysian pyramid structures
publishDate 2012
container_title ICIMTR 2012 - 2012 International Conference on Innovation, Management and Technology Research
container_volume
container_issue
doi_str_mv 10.1109/ICIMTR.2012.6236486
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-84864818389&doi=10.1109%2fICIMTR.2012.6236486&partnerID=40&md5=cf049071f8cb71a30442927f919a09fd
description The purpose of this research is to propose the models to examine the determinants of affiliation to pyramid firms and to investigate the effects of pyramid firms towards corporate value. Previous research have documented that in many East Asian firms, the ultimate owners showed a mismatch in cash flow rights and control rights which leads to expropriation of minority shareholders' interest. The method adapts Attig Model and the unit of study is pyramidal firms in Malaysia. It shows that there is a difference between cash flow rights and control rights among Malaysian pyramidal firms which bring negative implication towards corporate value. © 2012 IEEE.
publisher
issn
language English
format Conference paper
accesstype
record_format scopus
collection Scopus
_version_ 1820775480561762304

Similar Items