Canadian Institute For Knowledge Development
  • Register
  • Login

International Journal of Organizational Leadership

Notice

As part of Open Journals’ initiatives, we create website for scholarly open access journals. If you are responsible for this journal and would like to know more about how to use the editorial system, please visit our website at https://ejournalplus.com or
send us an email to info@ejournalplus.com

We will contact you soon

  1. Home
  2. Volume 6, Issue 1
  3. Authors

Current Issue

By Issue

By Subject

Keyword Index

Author Index

Indexing Databases XML

About Journal

Aims and Scope

Editorial Board

Indexing and Abstracting

Related Links

Peer Review Process

News

Family firms, expropriation and firm value: Evidence of the role of independent directors’ tenure in Malaysia

    Chee Yoong Liew Ervina Alfan Susela Devi

International Journal of Organizational Leadership, 2017, Volume 6, Issue 1, Pages 42-64
10.33844/ijol.2017.60195

  • Show Article
  • Download
  • Cite
  • Statistics
  • Share

Abstract

This paper was conducted to examine whether there was a negative relationship between independent directors’ tenure and firm value which indicated the existence of expropriation due to long tenure of independent directors and whether controlling shareholders’ ownership moderated this relationship among Malaysian firms. The results revealed that there was a negative relationship between independent directors’ tenure and firm value. It also showed there was a significant positive moderating effect of controlling shareholders’ ownership on the relationship among Malaysian family firms in exclusive industries. However, there was inconclusive evidence that this negative relationship and positive moderating effect were stronger amongst the family firms compared with non-family firms.
Keywords:
    Corporate Governance Expropriation Family Firms Agency Problems
  • PDF
  • XML
Chee Yoong Liew, Ervina Alfan, Susela Devi (2017). Family firms, expropriation and firm value: Evidence of the role of independent directors’ tenure in Malaysia. International Journal of Organizational Leadership, 6(1), 42-64. doi: 10.33844/ijol.2017.60195
Chee Yoong Liew; Ervina Alfan; Susela Devi. "Family firms, expropriation and firm value: Evidence of the role of independent directors’ tenure in Malaysia". International Journal of Organizational Leadership, 6, 1, 2017, 42-64. doi: 10.33844/ijol.2017.60195
Chee Yoong Liew, Ervina Alfan, Susela Devi (2017). 'Family firms, expropriation and firm value: Evidence of the role of independent directors’ tenure in Malaysia', International Journal of Organizational Leadership, 6(1), pp. 42-64. doi: 10.33844/ijol.2017.60195
Chee Yoong Liew, Ervina Alfan, Susela Devi Family firms, expropriation and firm value: Evidence of the role of independent directors’ tenure in Malaysia. International Journal of Organizational Leadership, 2017; 6(1): 42-64. doi: 10.33844/ijol.2017.60195
  • RIS
  • EndNote
  • BibTeX
  • APA
  • MLA
  • Harvard
  • Vancouver
  • Article View: 400
  • PDF Download: 426
  • LinkedIn
  • Twitter
  • Facebook
  • Google
  • Telegram
  • Home
  • Glossary
  • News
  • Aims and Scope
  • Privacy Policy
  • Sitemap

 About Publisher

This journal is licensed under a Creative Commons Attribution 4.0 International (CC-BY 4.0)

Powered by eJournalPlus