Lee, Kian Tek * and Hooy, C. W. and Hooy, G. K. (2012) The value impact of international and industrial diversifications on public‐listed firms in Malaysia. Emerging Markets Review, 13 (3). pp. 366-380. ISSN 15660141
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This study examines the relationship between firm value and both international and industrial diversification involvements for a sample of 267 listed firms in Malaysia over 2001–2009. We find no evidence that international diversification has any significant impact on the firm value but industry diversification locally slightly increases firm value, even after controlling for the degree of ownership concentration. Our research further indicates that without any diversification involvement, family ownership presents lower value than foreign and government ownerships; and with industrial diversification family ownership presents significant higher value than foreign and government ownerships.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Firm value; international diversification; industrial diversification; ownership structure |
| Subjects: | H Social Sciences > HF Commerce |
| Divisions: | Others > Non Sunway Academics Sunway University > Sunway Business School [formerly Sunway University Business School until 2023] > Dept. Economics & Finance |
| Depositing User: | Dr Janaki Sinnasamy |
| Related URLs: | |
| Date Deposited: | 30 Sep 2020 03:36 |
| Last Modified: | 01 Oct 2020 07:09 |
| URI: | http://eprints.sunway.edu.my/id/eprint/1401 |
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