Best Practices of Corporate Governance and their Influence on Organizational Performance
This study was embarked in the wake of the Asian Financial Crisis to investigate the influence of three characteristics of best practices of corporate governance (CG) on organizational performance (OP), as disclosed in the annual reports of public-listed companies in Malaysia. A stratified random sampling method was used to investigate, determine and select 184 companies from among 10 sectors listed on the Kuala Lumpur Stock Exchange (KLSE). Multiple regression and descriptive-correlation statistical analyses were used to determine the influence of the corporate governance characteristics on organizational performance. The findings showed that the influence was significant albeit low. In view of the perennial agency problems encountered in previous studies, the stakeholder theory portrayed a better governance predictor. The bailouts, buyouts, mergers & acquisitions during the crisis were mainly government interventions utilizing tax-payers f.nds. This firmly demonstrated that every citizen was a stakeholder and therefore companies were obliged to be accountable. The implications and recommendations for future research include an ongoing transformation in organization development (OD) and change to alter future business strategy. In a nutshell, the findings in this study concur with that of Gill and Allen (2005) that high levels of best practices may not be strongly related to organizational performance in rising markets.
Sebastian K.Francis Muhammad Madi Bin Abdullah lima Rofini Gan Pei Lee Krishnan V Mahalingam A
Universiti Tunku Abdul Rahman, Malaysia Universiti Teknologi Malaysia all of Universiti Tunku Abdul Rahman, Malaysia all of Universiti Tunku Abdul Rahman,Malaysia
国际会议
2011 Academy for Global Business Advancement(AGBAs)8th World Congress(全球商务发展学会第八届国际会议)
大连
英文
305-322
2011-09-15（万方平台首次上网日期，不代表论文的发表时间）