ISSN 2394-5125
 

Review Article 


CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE

Nor Asma Lode, Ibrahim Md. Noh.

Abstract
Mandatory imposition of Malaysian Code of Corporate Governance (MCCG) since 31st December 2012 seems to be associated with serious endeavours done by the regulators and policy makers to enhance the stakeholder’s value for public listed companies in Bursa Malaysia. Family-controlled firms for the financial year of 2010 and 2011 were consecutively rated accordingly using the MCCG index scores issued by Minority Shareholders Watchdog Group ‘MSWG’. The study reveals that CEO choice has moderating effects towards the relationship between disclosures of board of directors’ structure and family-controlled firms’ performance. These findings indicate that family firms’ performance is found to be insignificantly related with CEO choice based on direct regression analysis. However, indirect effect has become significantly and positively related to firm’s performance due to disclosures of MCCG interaction (i.e. board of directors’ structure element) with CEO choice.Hence, significant relationships can be considered in the context of this specific governance element’s impact on family firms’ performance so that the high value creation can be given to investors by the inside CEO.

Key words: Corporate Governance, CEO, MSWG, Family-Controlled Firms


 
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Pubmed Style

Lode NA, Noh IM. CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. JCR. 2020; 7(3): 578-585. doi:10.31838/jcr.07.03.102


Web Style

Lode NA, Noh IM. CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. http://www.jcreview.com/?mno=92515 [Access: May 31, 2021]. doi:10.31838/jcr.07.03.102


AMA (American Medical Association) Style

Lode NA, Noh IM. CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. JCR. 2020; 7(3): 578-585. doi:10.31838/jcr.07.03.102



Vancouver/ICMJE Style

Lode NA, Noh IM. CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. JCR. (2020), [cited May 31, 2021]; 7(3): 578-585. doi:10.31838/jcr.07.03.102



Harvard Style

Lode, N. A. & Noh, . I. M. (2020) CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. JCR, 7 (3), 578-585. doi:10.31838/jcr.07.03.102



Turabian Style

Lode, Nor Asma, and Ibrahim Md. Noh. 2020. CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. Journal of Critical Reviews, 7 (3), 578-585. doi:10.31838/jcr.07.03.102



Chicago Style

Lode, Nor Asma, and Ibrahim Md. Noh. "CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE." Journal of Critical Reviews 7 (2020), 578-585. doi:10.31838/jcr.07.03.102



MLA (The Modern Language Association) Style

Lode, Nor Asma, and Ibrahim Md. Noh. "CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE." Journal of Critical Reviews 7.3 (2020), 578-585. Print. doi:10.31838/jcr.07.03.102



APA (American Psychological Association) Style

Lode, N. A. & Noh, . I. M. (2020) CORPORATE GOVERNANCE DISCLOSURES AND FAMILY FIRMS’ PERFORMANCE: THE MODERATING ROLE OF CEO CHOICE. Journal of Critical Reviews, 7 (3), 578-585. doi:10.31838/jcr.07.03.102