Expropriation of Minority Shareholders' Rights: Evidence from Malaysia

This paper examines the extent level of expropriation of minority shareholders' rights in Malaysia. The study aims to investigate whether the following variables influence the expropriation of minority shareholders' rights in Malaysia. Analysis of 60 companies listed from two industries in...

Full description

Saved in:

Bibliographic Details
Main Author:	Nurul Huda, Mustafa
Format:	Thesis
Language:	eng eng
Published:	2011
Subjects:	HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/2597/1/Nurul_Huda_Mustafa.pdf https://etd.uum.edu.my/2597/2/1.Nurul_Huda_Mustafa.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uum-etd.2597
record_format	uketd_dc
spelling	my-uum-etd.25972016-04-19T07:12:24Z Expropriation of Minority Shareholders' Rights: Evidence from Malaysia 2011-02 Nurul Huda, Mustafa Abdul Latif, Rohaida Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting This paper examines the extent level of expropriation of minority shareholders' rights in Malaysia. The study aims to investigate whether the following variables influence the expropriation of minority shareholders' rights in Malaysia. Analysis of 60 companies listed from two industries in Bursa Malaysia was selected. Descriptive analysis and ordinary least squares (OLS) regression model are performed in this study. From six variables that are tested only three variables can be concluded as factors influencing the expropriation of minority shareholders' rights in Malaysia. The number of independent outside directors increases the potential for expropriation of minority shareholders' rights. However, this relationship became opposite when the directors have a different characteristic among boards that affect their independence level. Profitability and growth are highly correlated. When the model is estimated using either one of them, the result is significantly negative, which means that profitable or growing firms have less incentives to engage in related party transactions (RPT). Ownership concentration, level of leverage and size are not significant in explaining the level of expropriation of minority shareholders in RPT. 2011-02 Thesis https://etd.uum.edu.my/2597/ https://etd.uum.edu.my/2597/1/Nurul_Huda_Mustafa.pdf application/pdf eng validuser https://etd.uum.edu.my/2597/2/1.Nurul_Huda_Mustafa.pdf application/pdf eng public masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Latif, Rohaida
topic	HF5601-5689 Accounting
spellingShingle	HF5601-5689 Accounting Nurul Huda, Mustafa Expropriation of Minority Shareholders' Rights: Evidence from Malaysia
description	This paper examines the extent level of expropriation of minority shareholders' rights in Malaysia. The study aims to investigate whether the following variables influence the expropriation of minority shareholders' rights in Malaysia. Analysis of 60 companies listed from two industries in Bursa Malaysia was selected. Descriptive analysis and ordinary least squares (OLS) regression model are performed in this study. From six variables that are tested only three variables can be concluded as factors influencing the expropriation of minority shareholders' rights in Malaysia. The number of independent outside directors increases the potential for expropriation of minority shareholders' rights. However, this relationship became opposite when the directors have a different characteristic among boards that affect their independence level. Profitability and growth are highly correlated. When the model is estimated using either one of them, the result is significantly negative, which means that profitable or growing firms have less incentives to engage in related party transactions (RPT). Ownership concentration, level of leverage and size are not significant in explaining the level of expropriation of minority shareholders in RPT.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Nurul Huda, Mustafa
author_facet	Nurul Huda, Mustafa
author_sort	Nurul Huda, Mustafa
title	Expropriation of Minority Shareholders' Rights: Evidence from Malaysia
title_short	Expropriation of Minority Shareholders' Rights: Evidence from Malaysia
title_full	Expropriation of Minority Shareholders' Rights: Evidence from Malaysia
title_fullStr	Expropriation of Minority Shareholders' Rights: Evidence from Malaysia
title_full_unstemmed	Expropriation of Minority Shareholders' Rights: Evidence from Malaysia
title_sort	expropriation of minority shareholders' rights: evidence from malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2011
url	https://etd.uum.edu.my/2597/1/Nurul_Huda_Mustafa.pdf https://etd.uum.edu.my/2597/2/1.Nurul_Huda_Mustafa.pdf
_version_	1747827383770021888

Expropriation of Minority Shareholders' Rights: Evidence from Malaysia

Similar Items