Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia

Despite the importance of brain gain to alleviate brain drain issues and to fulfil the demand of human capital in Malaysia, current research on brain gain does not sufficiently reflect the brain gain situation in Malaysia and its financial impact brought is not evident. While there is abundance of r...

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Main Author:	Chuah, Shu Fen
Format:	Thesis
Language:	English
Published:	2019
Subjects:	HD28-70 Management Industrial Management
Online Access:	http://eprints.usm.my/46601/1/CHUAH%20SHUI%20FEN24.pdf
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id	my-usm-ep.46601
record_format	uketd_dc
spelling	my-usm-ep.466012020-06-24T03:45:34Z Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia 2019-04 Chuah, Shu Fen HD28-70 Management. Industrial Management Despite the importance of brain gain to alleviate brain drain issues and to fulfil the demand of human capital in Malaysia, current research on brain gain does not sufficiently reflect the brain gain situation in Malaysia and its financial impact brought is not evident. While there is abundance of research on brain gain issues from human resource and strategic management context, little has viewed it from corporate finance perspective, owing primarily to privacy reason and capacity of brain gain data. As Malaysia is an emerging country, corporate sector remains the main driver of economic growth. The growing of corporations need to be supported and led by talented company board and management. Using the sample of 803 firms from 10 industries in Bursa Malaysia’s Main Board from year 2009 to 2015, this study examined the impacts of the presence of brain-gain director on firm performance. Two-step robust GMM estimation result showed that for every additional number of brain-gain director on board, we can expect firm performance to increase by an average of 4.55%, holding others constant. As brain-gain director is made up of foreign director and returnee director, analysis is repeated for these two groups. It is shown that, for every number of foreign director and returnee director increased on board, firm performance is expected to increase by an average of 7.41% and 3.23% respectively. It is also found that board meeting attendance and the presence of family director do not affect the relationship between the presence of brain-gain director and firm performance. 2019-04 Thesis http://eprints.usm.my/46601/ http://eprints.usm.my/46601/1/CHUAH%20SHUI%20FEN24.pdf application/pdf en public masters Universiti Sains Malaysia Pusat Pengajian Pengurusan
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	HD28-70 Management Industrial Management
spellingShingle	HD28-70 Management Industrial Management Chuah, Shu Fen Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia
description	Despite the importance of brain gain to alleviate brain drain issues and to fulfil the demand of human capital in Malaysia, current research on brain gain does not sufficiently reflect the brain gain situation in Malaysia and its financial impact brought is not evident. While there is abundance of research on brain gain issues from human resource and strategic management context, little has viewed it from corporate finance perspective, owing primarily to privacy reason and capacity of brain gain data. As Malaysia is an emerging country, corporate sector remains the main driver of economic growth. The growing of corporations need to be supported and led by talented company board and management. Using the sample of 803 firms from 10 industries in Bursa Malaysia’s Main Board from year 2009 to 2015, this study examined the impacts of the presence of brain-gain director on firm performance. Two-step robust GMM estimation result showed that for every additional number of brain-gain director on board, we can expect firm performance to increase by an average of 4.55%, holding others constant. As brain-gain director is made up of foreign director and returnee director, analysis is repeated for these two groups. It is shown that, for every number of foreign director and returnee director increased on board, firm performance is expected to increase by an average of 7.41% and 3.23% respectively. It is also found that board meeting attendance and the presence of family director do not affect the relationship between the presence of brain-gain director and firm performance.
format	Thesis
qualification_level	Master's degree
author	Chuah, Shu Fen
author_facet	Chuah, Shu Fen
author_sort	Chuah, Shu Fen
title	Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia
title_short	Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia
title_full	Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia
title_fullStr	Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia
title_full_unstemmed	Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia
title_sort	brain gain of corporate board and firm performance: evidence from malaysia
granting_institution	Universiti Sains Malaysia
granting_department	Pusat Pengajian Pengurusan
publishDate	2019
url	http://eprints.usm.my/46601/1/CHUAH%20SHUI%20FEN24.pdf
_version_	1747821694030970880

Brain Gain Of Corporate Board And Firm Performance: Evidence From Malaysia

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