Loading...
Please wait, while we are loading the content...
Similar Documents
The Impact of The Government-Linked Companies Transformation Program (GLCTP) on The Performances of Government-Linked Companies (GLCs) in Malaysia
| Content Provider | Semantic Scholar |
|---|---|
| Author | Khoo, Elaine |
| Copyright Year | 2018 |
| Abstract | This paper examines the performance of Government-Linked Companies (GLCs) and non-Government-Linked Companies (non-GLCs) matching1 firms before and after the introduction of the Government-Linked Companies Transformation Program (GLCTP) in 2005, effectively measuring the impact of the GLCTP on the performance of GLCs as compared to non-GLCs using difference-in-differences estimation technique. The performances are measured by Returns on Asset (ROA), Returns on Equity (ROE) as measures for financial performances and Tobin’s Q ratio as a measure for firm’s performance or value. Results show that the GLCTP have a statistically significant negative effect on the GLCs’ financial performances. Difference-in-difference estimation also shows that the GLCTP having a negative effect on firms’ market value relative to firms’ assets as measured by Tobin’s Q ratio. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://digital.lib.washington.edu/researchworks/bitstream/handle/1773/41903/LRA2018_Khoo.pdf?isAllowed=y&sequence=2 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
