scholarly journals How is firm performance related to family ownership in Malaysia and does board independence moderate the relationship?

2015 ◽  
Vol 11 (2) ◽  
pp. 21-35 ◽  
Author(s):  
Sin-Huei Ng ◽  
Tze San Ong ◽  
Boon Heng Teh ◽  
Wei Ni Soh
Keyword(s):  
Firm Performance ◽  
Agency Theory ◽  
Family Ownership ◽  
Board Independence ◽  
Moderating Effects ◽  
Dominant Party ◽  
The Family ◽  
And Control ◽  
Relationship Of ◽  
The Relationship

This paper explores whether the performance of publicly-listed family-controlled firms in Malaysia is related to the extent of the families’ ownership. It also explores whether there are any moderating effects from the various attributes of board independence on the ownership-performance relationship of these firms. The findings indicate that increasing families’ ownership is related to better firm performance under the condition that the families do not have absolute ownership and control over their firms. However, giving more control via majority ownership that causes the families to become the only dominant party might enhance their ability to expropriate and cause firm performance to deteriorate. Therefore, proposal to increase ownership as a mean to reduce the classical agency-theory problems should be caveated under the principal-principal perspective. It is also found that the various board independence attributes do not exhibit any moderating influence on the family ownership-firm performance relationship. This finding may indicate the powerlessness of the boards of director in Malaysia when encountered with the influential controlling families whom the directorship tenures and opportunities of the non-family directors depend on. Decisions made by the controlling families which have bearing on firm performance may not have been effectively counter checked by the boards due to the lack of truly independent nature of the boards

An Interview with Judy G. Barber: Prenuptial Agreements, Intimacy, Trust and Control

1997 ◽  
Vol 10 (2) ◽  
pp. 173-178 ◽  
Author(s):  
Drew S. Mendoza ◽  
Sharon P. Krone
Keyword(s):  
The Other ◽  
Good Chance ◽  
Marriage And Family ◽  
Other Hand ◽  
The Family ◽  
Emotional Commitment ◽  
The One ◽  
And Control ◽  
Relationship Of ◽  
The Relationship

A business-owning family and a soon-to-be-wed couple often face two mutually exclusive goals that seem impossible to reconcile. On the one hand, a couple considering marriage wants to believe that love alone will keep them together. On the other hand, statistics today say there is a good chance the relationship will not last. A prenuptial agreement provides the protection an individual or the family may want against a possible divorce, but the process by which the document is introduced and negotiated can deplete the relationship of intimacy. How can a woman from a wealthy business-owning family express and reinforce the emotional commitment and trust she has for her partner while presenting a prenuptial agreement] How can a son administer a prenuptial agreement to his fiancee without controlling the process or outcome of his spouse's financial welfare] How can a family require a prenuptial agreement without jeopardizing their future relationship with the newlyweds] In the following interview, Judy Barber, a consultant and licensed marriage and family counselor specializing in the psychology of money, outlines several recommendations for families and couples who are considering a prenuptial agreement.

Examining the “Family Effect” on Firm Performance

2006 ◽  
Vol 19 (4) ◽  
pp. 253-273 ◽  
Author(s):  
W. Gibb Dyer
Keyword(s):  
Firm Performance ◽  
Organizational Performance ◽  
Agency Theory ◽  
Resource Based View ◽  
Family Effect ◽  
The Family ◽  
Contradictory Evidence ◽  
The Relationship

The purpose of this article is to provide an explanation for the contradictory evidence in the literature regarding the performance of family-owned firms. The article suggests that most of the research fails to clearly describe the “family effect” on organizational performance. The “family effect,” based on agency theory and the resource-based view of the firm, is described and propositions are generated that examine the relationship between families and organizational performance. Implications for theory and research are also discussed.

The Moderating Effect of Environmental Variables on the Entrepreneurial and Marketing Orientation of Entrepreneur-led Firms

1997 ◽  
Vol 22 (1) ◽  
pp. 47-58 ◽  
Author(s):  
Richard C. Becherer ◽  
John G. Maurer
Keyword(s):  
Firm Performance ◽  
Organizational Performance ◽  
Empirical Evidence ◽  
Entrepreneurial Orientation ◽  
Environmental Variables ◽  
External Environment ◽  
Moderating Effects ◽  
Marketing Orientation ◽  
Relationship Of ◽  
The Relationship

A firm's marketing orientation and entrepreneurial orientation intuitively should relate to organizational performance. Considerable theory can be found concerning the causes and consequences of each orientation as well as their relationship, but little empirical evidence exists, especially for small-firm samples. This paper examines the relationship between the two concepts and how this relationship is moderated by the firm's external environment. In addition, the relationship of marketing orientation and entrepreneurial orientation to firm performance and the moderating effects of the environment on these two relationships are examined. The sample consists of entrepreneurs, defined as those individuals who have started or purchased a small business, and who are still leading the business they started or purchased.

CHILD-PARENT RELATIONS AS A FACTOR IN THE FORMATION OF PROFESSIONAL PREFERENCES IN PEDAGOGICAL DYNASTIES

2020 ◽  
Vol 2 (4) ◽  
pp. 126-130
Author(s):  
N. V. SHAMANIN ◽  
Keyword(s):  
Professional Development ◽  
The Family ◽  
The Individual ◽  
Relationship Of ◽  
The Relationship ◽  
Parent Child Relationships ◽  
Professional Preferences ◽  
Parent Child

The article raises the issue of the relationship of parent-child relationships and professional preferences in pedagogical dynasties. Particular attention is paid to the role of the family in the professional development of the individual. It has been suggested that there is a relationship between parent-child relationships and professional preferences.

The Relationship of Learning Entrepreneurship, Enterprise Motivation, And the Family Environment with Enterprise Interest in Students

2020 ◽  
Vol 4 (4) ◽  
pp. 314
Author(s):  
Ida Rochanawati ◽  
Agusti Efi
Keyword(s):  
Family Environment ◽  
Sampling Technique ◽  
Simple Correlation ◽  
Study Program ◽  
The Family ◽  
Data Collection Instrument ◽  
Research Population ◽  
Entrepreneurial Knowledge ◽  
Relationship Of ◽  
The Relationship

Many of Bunda's Tourism Diploma graduates are still unemployed because some are less interested in becoming self-employed. It because students are not motivated to become entrepreneurs, and the family environment is not yet supported. This study aimed to measure: the relationship between entrepreneurial learning outcomes, entrepreneurial motivation, and family environment with interest in entrepreneurship. This type of research is descriptive correlational. This research population is all students of the Hospitality study program of the Bunda Padang Tourism Academy, batch 2017 and 2018, totaling 61 students. The sample in this study were 61 students using the total sampling technique. The data collection instrument used a questionnaire using a Likert scale and data analysis methods, including simple correlation and multiple correlations. Research is expected to increase students' entrepreneurial knowledge through attitudes, knowledge, and skills to overcome entrepreneurial tasks' complexity, providing real experiences for students to carry out entrepreneurial practices.

A GENETIC AND METABOLIC STUDY OF A FAMILY WITH HYPERLIPEMIA

PEDIATRICS ◽  
1962 ◽  
Vol 29 (4) ◽  
pp. 566-578
Author(s):  
George Bialkin ◽  
Saul Zucker ◽  
Burton S. Sklarin ◽  
Kurt Hirschhorn ◽  
Murray Davidson
Keyword(s):  
Coronary Artery Disease ◽  
Coronary Artery ◽  
Lipid Levels ◽  
Metabolic Study ◽  
Diagnosis And Prognosis ◽  
The Family ◽  
Artery Disease ◽  
Pathologic Physiology ◽  
Relationship Of ◽  
The Relationship

A family consisting of a mother and father, heterozygous for idiopathic hyperlipemia, and their four offspring, one heterozygous and three homozygous for the disease, are described. In addition, a fifth child who is heterozygous, born of same mother but by another incompletely studied father, is presented. The genetics of the disease in this family, and also in the general population, with emphasis on diagnosis and prognosis in heterozygotes is discussed. The interrelationship of various lipid components in serum and their metabolism are briefly reviewed. The possible defective mechanisms in hyperlipemia, the techniques for deciding on the specific defect, and their application to the members of this family are reviewed. The effect of heparin, nicotinic acid, and fat-free diets in the homozygous members of the family are evaluated and their therapeutic applications are discussed. The symptomatology, possible pathologic physiology, relationship to lipid levels in serum and occurrence of abdominal crises in some of the homozygous members of this family are pointed out. The relationship of cholesterol and triglyceride levels in serum to, and the significance of, idiopathic hyperlipemia in the genesis of, atherosclerosis and coronary artery disease is elucidated.

THE EFFECT OF EXECUTIVE INCENTIVES ON TECHNOLOGICAL INNOVATION OF DECLINING ENTERPRISES – THE MODERATING EFFECT OF DECLINE DEGREE AND ORGANISATIONAL SLACK

2021 ◽  
Author(s):  
HAIYAN DUAN ◽  
KAMRAN AHMED ◽  
MARTHIN NANERE
Keyword(s):  
Technological Innovation ◽  
Executive Control ◽  
Synergistic Effects ◽  
Moderating Effects ◽  
Executive Incentives ◽  
Different Types ◽  
And Control ◽  
The Relationship ◽  
Equity Incentive

We examine the effects of different types of executive incentives on technological innovation of declining firms and the moderating effects of the degree of decline and organisational slack on executive incentives and enterprise technological innovation. We also assess the synergetic effects of different types of executive incentives on technological innovation of declining enterprises. We find the following: first, executive compensation incentive, equity incentive and control incentives are beneficial to promote technological innovation in declining enterprises. Second, the degree of decline negatively moderates the relationship between equity incentive and technological innovation. Third, organisational slack positively moderates the relationship between equity incentive and technological innovation, as well as the relationship between control incentives and technological innovation, especially for severely declining enterprises. Fourth, there are synergistic effects between executive control incentive and compensation incentive, control incentives and equity incentive on technological innovation. The contributions are as follows: first, taking declining enterprises as sample, we suggest that to increase the role of compensation incentive and equity incentive in promoting technological innovation in declining enterprises, the control incentives should be strengthened. Second, organisational slack should be fully exploited for severely declining enterprises so that executives should have the motivation and conditions to carry out technological innovation and further help declining enterprises to turnaround successfully.

ON THE RELATIONSHIP OF THE FISHES OF THE FAMILY SIGANIDÆ

1907 ◽  
Vol 13 (4) ◽  
pp. 211-218 ◽  
Author(s):  
EDWIN CHAPIN STARKS
Keyword(s):  
The Family ◽  
Relationship Of ◽  
The Relationship
Sign in / Sign up

Export Citation Format

Share Document