The relationship between agency cost and corporate performance among manufacturing companies in Malaysia

The effect of agency cost on corporate performance has been long interest to financiers, economists, legal practitioners and business operators. But there is no study in this relationship focuses on the manufacturing companies especially in Malaysia. Therefore, this study aims to investigate the rel...

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Main Author:	Nasaruddin, Md Yusoff
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HD28-70 Management Industrial Management
Online Access:	https://etd.uum.edu.my/8223/1/s818849_01.pdf https://etd.uum.edu.my/8223/2/818849%20REFERENCES.docx https://etd.uum.edu.my/8223/3/DEPOSIT%20PERMISSION_s818849.pdf
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id	my-uum-etd.8223
record_format	uketd_dc
spelling	my-uum-etd.82232021-05-10T04:21:49Z The relationship between agency cost and corporate performance among manufacturing companies in Malaysia 2019 Nasaruddin, Md Yusoff Mazlan, Ahmad Rizal Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD28-70 Management. Industrial Management The effect of agency cost on corporate performance has been long interest to financiers, economists, legal practitioners and business operators. But there is no study in this relationship focuses on the manufacturing companies especially in Malaysia. Therefore, this study aims to investigate the relationship between agency cost and corporate performance among manufacturing companies in Malaysia. Agency cost are measured by five independent variables namely leverage, size, growth, expense and efficiency. While corporate performance is measured by Return on Equity (ROE). This study used secondary data from public listed manufacturing companies listed in Bursa Malaysia. From total population of 457 manufacturing companies listed in Bursa Malaysia, 130 (28%) firms for sample was taken covering over period of 5 years from 2012 to 2016. The relationship between agency cost and corporate performance in this study is analyzed by performing regression analysis of panel data. The results show that three out of five proxy of agency cost are significantly related to corporate performance which measured by ROE. The three variables that are significantly related with Return on Equity (ROE) are efficiency, leverage and size. The other two variables that are found not significant related with corporate performance (ROE) which are company growth and expense. Hence the study found that agency cost to be significantly related with corporate performance. 2019 Thesis https://etd.uum.edu.my/8223/ https://etd.uum.edu.my/8223/1/s818849_01.pdf text eng public https://etd.uum.edu.my/8223/2/818849%20REFERENCES.docx text eng public https://etd.uum.edu.my/8223/3/DEPOSIT%20PERMISSION_s818849.pdf text eng staffonly other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Mazlan, Ahmad Rizal
topic	HD28-70 Management Industrial Management
spellingShingle	HD28-70 Management Industrial Management Nasaruddin, Md Yusoff The relationship between agency cost and corporate performance among manufacturing companies in Malaysia
description	The effect of agency cost on corporate performance has been long interest to financiers, economists, legal practitioners and business operators. But there is no study in this relationship focuses on the manufacturing companies especially in Malaysia. Therefore, this study aims to investigate the relationship between agency cost and corporate performance among manufacturing companies in Malaysia. Agency cost are measured by five independent variables namely leverage, size, growth, expense and efficiency. While corporate performance is measured by Return on Equity (ROE). This study used secondary data from public listed manufacturing companies listed in Bursa Malaysia. From total population of 457 manufacturing companies listed in Bursa Malaysia, 130 (28%) firms for sample was taken covering over period of 5 years from 2012 to 2016. The relationship between agency cost and corporate performance in this study is analyzed by performing regression analysis of panel data. The results show that three out of five proxy of agency cost are significantly related to corporate performance which measured by ROE. The three variables that are significantly related with Return on Equity (ROE) are efficiency, leverage and size. The other two variables that are found not significant related with corporate performance (ROE) which are company growth and expense. Hence the study found that agency cost to be significantly related with corporate performance.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Nasaruddin, Md Yusoff
author_facet	Nasaruddin, Md Yusoff
author_sort	Nasaruddin, Md Yusoff
title	The relationship between agency cost and corporate performance among manufacturing companies in Malaysia
title_short	The relationship between agency cost and corporate performance among manufacturing companies in Malaysia
title_full	The relationship between agency cost and corporate performance among manufacturing companies in Malaysia
title_fullStr	The relationship between agency cost and corporate performance among manufacturing companies in Malaysia
title_full_unstemmed	The relationship between agency cost and corporate performance among manufacturing companies in Malaysia
title_sort	relationship between agency cost and corporate performance among manufacturing companies in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2019
url	https://etd.uum.edu.my/8223/1/s818849_01.pdf https://etd.uum.edu.my/8223/2/818849%20REFERENCES.docx https://etd.uum.edu.my/8223/3/DEPOSIT%20PERMISSION_s818849.pdf
_version_	1747828354955870208

The relationship between agency cost and corporate performance among manufacturing companies in Malaysia

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