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Firm Size, Ownership and Performance in the Malaysian Palm Oil Industry

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Author Info

  • Bala Ramasamy

    ()
    (Nottingham University Business School, Malaysia Campus, Jalan Broga, Semenyih, Selangor, Malaysia)

  • Darry Ong

    (Nottingham University Business School, Malaysia Campus, Jalan Broga, Semenyih, Selangor, Malaysia)

  • Matthew C. H. Yeung

    (School of Business, The Open University of Hong Kong, 30 Good Shepherd Street, Homantin, Kowloon, Hong Kong)

Abstract

The objective of this study is to analyse the effects of market structure components and other performance measures to better understand the dynamics and determinants of performance within the Malaysian palm oil sector. In particular, we consider the effects of firm size and firm ownership on the level of profitability in this sector. Our findings suggest that size is negatively related to performance while privately owned plantation companies are more profitably managed. These results support the recent move by the Malaysian government to postpone the listing of the Federal Land Development Authority (FELDA), a government agency responsible for managing government land schemes and commercial development of plantations. It also lends support to the ongoing strategy of improving the performance of Government Linked Corporations (GLC) in Malaysia.

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File URL: http://web.usm.my/journal/aamjaf/vol1/1-5.pdf
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Bibliographic Info

Article provided by Penerbit Universiti Sains Malaysia in its journal Asian Academy of Management Journal of Accounting and Finance.

Volume (Year): 1 (2005)
Issue (Month): 1 ()
Pages: 81-104

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Handle: RePEc:usm:journl:aamjaf00101_81-104

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Web page: http://web.usm.my/aamj/
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Keywords: Malaysia; palm oil; privatisation; performance;

References

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  1. Noel Capon & John U. Farley & Scott Hoenig, 1990. "Determinants of Financial Performance: A Meta-Analysis," Management Science, INFORMS, INFORMS, vol. 36(10), pages 1143-1159, October.
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  11. Scott, John T & Pascoe, George, 1986. "Beyond Firm and Industry Effects on Profitability in Imperfect Market s," The Review of Economics and Statistics, MIT Press, vol. 68(2), pages 284-92, May.
  12. Whittington, Geoffrey, 1980. "The Profitability and Size of United Kingdom Companies, 1960-74," Journal of Industrial Economics, Wiley Blackwell, Wiley Blackwell, vol. 28(4), pages 335-52, June.
  13. Poensgen, O. H. & Marx, M., 1985. "Coping with or profiting from size," European Journal of Operational Research, Elsevier, Elsevier, vol. 22(2), pages 127-147, November.
  14. Bothwell, James L & Cooley, Thomas F & Hall, Thomas E, 1984. "A New View of the Market Structure-Performance Debate," Journal of Industrial Economics, Wiley Blackwell, Wiley Blackwell, vol. 32(4), pages 397-417, June.
  15. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. " The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, American Finance Association, vol. 49(2), pages 403-52, June.
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Cited by:
  1. Iuliana Oana MIHAI, 2013. "The Influence of Corporate Governance and Ownership Concentration on Company Performance - Evidence from Bucharest Stock Exchange," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 79-88.

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