کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
6481238 1377361 2016 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Ethnicity, politics and firm performance: Evidence from Malaysia
ترجمه فارسی عنوان
قومیت، سیاست و عملکرد شرکت: مدارکی از مالزی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- Ethnicity diversity within Malaysian corporate boards is widespread.
- The relationship between ethnic diversity & firm performance is a concave function.
- This relationship does not exist for firms with political connection (PCON).
- Ethnic diversity has little influence on performance of PCON firms.

Motivated by the inconclusive evidence on the role of ethnic diversity of directors and the limited research, this study examines whether there is an association between board ethnic diversity in Malaysian firms and firm performance. We find that the association between ethnic diversity of boards and firm performance is non-linear; at low levels of ethnic diversity there is a positive association but at higher levels of ethnic diversity, the association is negative. However, when we split the sample into politically and non-politically connected firms, we find that this association only holds for non-politically firms. Further, when we split our politically connected sample into Malay and non-Malay dominant boards, we find generally, that in both groups of firms, board ethnic diversity does not influence firm performance. Overall, these results suggest that the presence of political connection could undermine the role of ethnic diversity in influencing firm performance.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Pacific-Basin Finance Journal - Volume 40, Part A, December 2016, Pages 115-129
نویسندگان
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