/jurnalpengurusan Tue, 11 Oct 2022 09:12:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 /jurnalpengurusan/article/corporate-performance-ceo-power-and-ceo-turnover-evidence-from-malaysian-public-listed-companies/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-performance-ceo-power-and-ceo-turnover-evidence-from-malaysian-public-listed-companies Tue, 11 Oct 2022 09:12:18 +0000 /jurnalpengurusan/?post_type=article&p=5510 This paper seeks to determine the impact of firm performance and CEO power on CEO turnover. Research in CEO turnover literature found that corporate performance is frequently used as an indicator to evaluate the effectiveness of CEO effort and findings from most of these studies indicate that the turnover rate of CEO is higher for poor performing firms when compared to well performing firms. Furthermore, social network theory and human capital theory suggest that CEOs gain their power from their educational background; skill and functional background; special expertise; experience; industry specialization; prestige; ownership; age; and length of tenure. This power will entrench the CEO in the company, thus making the decision to fire the underperforming CEO more difficult. Our results show that firms with poor performance and older CEOs are more likely to change their CEOs. In contrast, CEO turnover is less likely to occur when firms exercise CEO/Chairman duality; have CEOs who own a certain portion of company shares; and have CEOs with longer tenure.

]]> /jurnalpengurusan/article/board-of-directors-and-ownership-structure-a-study-on-small-and-medium-enterprises-smes-in-malaysia/?utm_source=rss&utm_medium=rss&utm_campaign=board-of-directors-and-ownership-structure-a-study-on-small-and-medium-enterprises-smes-in-malaysia Sat, 08 Oct 2022 17:21:39 +0000 /jurnalpengurusan/?post_type=article&p=3247 Small- and medium-sized enterprises (SMEs) do not gain sufficient economic returns despite their significant economic contributions. A possible cause of poor SME performance is weak corporate governance. However, the corporate governance of SMEs is rarely investigated. Ownership structure provides SMEs with a monitoring mechanism that enhances performance. This study examines the relationships between board characteristics (including size, composition boards, CEO duality, expertise, and ethnicity) and SME performance in Malaysia. This study also explores how such relationships can be moderated by monitoring ownership structure. Survey results on SMEs in Klang Valley and Selangor areas show that non-executive boards and CEO duality are significantly and positively related to firm performance. In comparison, management ownership is significantly and negatively related to performance. Board size, expertise, ethnicity, and family ownership are not significantly related to SME performance. Findings indicate that good corporate governance improves decision making and firm performance. Furthermore, agency theory can explain conflict of interest in SMEs and the importance of corporate governance in enhancing their performance.

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