IDEAS home Printed from https://ideas.repec.org/a/rnd/arimbr/v16y2024i3p487-499.html
   My bibliography  Save this article

Board Size and Corporate Performance in the Industrial Property Sector in Malaysia

Author

Listed:
  • Hanafiah Hasin
  • Rahayu Mohd Sehat
  • Zaleha Mahat
  • Siti Fatimah Noor Minhad
  • Eka Fauzihardani

Abstract

This research investigates the relationship between the size of the board of directors and the financial performance of publicly listed industrial property firms in Malaysia. The study examines secondary data from annual reports, financial statements, and corporate governance disclosures, focusing on key financial performance indicators such as Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). The study reveals significant correlations between board size and financial performance using correlation analysis and multiple regression. The findings provide valuable insights for regulators, investors, and business leaders, emphasizing the importance of refining corporate governance standards to ensure long-term financial success in Malaysia's industrial property sector.

Suggested Citation

  • Hanafiah Hasin & Rahayu Mohd Sehat & Zaleha Mahat & Siti Fatimah Noor Minhad & Eka Fauzihardani, 2024. "Board Size and Corporate Performance in the Industrial Property Sector in Malaysia," Information Management and Business Review, AMH International, vol. 16(3), pages 487-499.
  • Handle: RePEc:rnd:arimbr:v:16:y:2024:i:3:p:487-499
    DOI: 10.22610/imbr.v16i3(I).3908
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/3908/2573
    Download Restriction: no

    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/3908
    Download Restriction: no

    File URL: https://libkey.io/10.22610/imbr.v16i3(I).3908?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Claudio Loderer & Urs Peyer, 2002. "Board Overlap, Seat Accumulation and Share Prices," European Financial Management, European Financial Management Association, vol. 8(2), pages 165-192, June.
    2. Mohamed Belkhir, 2009. "Board of directors' size and performance in the banking industry," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 5(2), pages 201-221, April.
    3. Martin Conyon & Simon Peck, 1998. "Board size and corporate performance: evidence from European countries," The European Journal of Finance, Taylor & Francis Journals, vol. 4(3), pages 291-304.
    4. Coles, Jeffrey L. & Daniel, Naveen D. & Naveen, Lalitha, 2008. "Boards: Does one size fit all," Journal of Financial Economics, Elsevier, vol. 87(2), pages 329-356, February.
    5. Øyvind Bøhren & Bernt Arne Ødegaard, 2001. "Patterns of Corporate Ownership: Insights from a unique data set," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 27, pages 55-86.
    6. Mohamed Belkhir, 2009. "Board of directors' size and performance in the banking industry," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 5(2), pages 201-221, April.
    7. Mohamed Belkhir, 2009. "Board of directors' size and performance in the banking industry," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 5(2), pages 201-221, April.
    8. Morten Bennedsen & Hans Christian Kongsted & Kasper Meisner Nielsen, 2004. "Board Size Effects in Closely Held Corporations," CAM Working Papers 2004-25, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Khaled Elsayed, 2011. "Board size and corporate performance: the missing role of board leadership structure," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(3), pages 415-446, August.
    2. Sameer Al Johani & Adnan Atm, 2022. "Revisiting the Relationship between Corporate Governance and Firm performance: Evidence from British Manufacturing Firms," Acta Universitatis Bohemiae Meridionalis, University of South Bohemia in Ceske Budejovice, Faculty of Economics, vol. 25(1), pages 7-32.
    3. Achraf Haddad, 2022. "Effect of board quality on the financial performance of conventional and Islamic banks: international comparative study after the Subprime crisis," Journal of Accounting in Emerging Economies, Emerald Group Publishing Limited, vol. 13(2), pages 399-449, June.
    4. Ivy Eklemet & Ibrahim Mohammed & Emmanuel Gyamera & Deborah Adu Twumwaah, 2023. "Moderating Role of Board Size between the Board Characteristics and the Bank s Performance: Application of GMM," International Journal of Economics and Financial Issues, Econjournals, vol. 13(3), pages 145-157, May.
    5. Yongbeom Hur, 2025. "Assessing the Effects of Workplace Contextual Factors on Turnover Intention: Evidence from U.S. Federal Employees," Public Organization Review, Springer, vol. 25(1), pages 193-213, March.
    6. Zsolt Lakatos, 2020. "Do larger boards improve shareholder value creation? – Effects of the board size on business performance in Eastern Central Europe," Society and Economy, Akadémiai Kiadó, Hungary, vol. 42(3), pages 245-279, September.
    7. Klaus Brockhoff, 2006. "Technologischer Wandel und Corporate Governance," Schmalenbach Journal of Business Research, Springer, vol. 58(54), pages 7-31, January.
    8. Premepeh, kwadwo Boateng & Odartei-Mills, Eugene, 2015. "Corporate governance structure and shareholder wealth maximisation," MPRA Paper 68087, University Library of Munich, Germany.
    9. Mukesh Nepal & Rajat Deb, 2022. "Board Characteristics and Firm Performance: Indian Textiles Sector Panorama," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 47(1), pages 74-96, February.
    10. Ernest Ezeani & Rami Salem & Frank Kwabi & Khalid Boutaine & Bilal & Bushra Komal, 2022. "Board monitoring and capital structure dynamics: evidence from bank-based economies," Review of Quantitative Finance and Accounting, Springer, vol. 58(2), pages 473-498, February.
    11. Nooraisah Katmon & Omar Al Farooque, 2017. "Exploring the Impact of Internal Corporate Governance on the Relation Between Disclosure Quality and Earnings Management in the UK Listed Companies," Journal of Business Ethics, Springer, vol. 142(2), pages 345-367, May.
    12. David UMORU & Micah ELUJEKOR, 2017. "Corporate Management And Banking Industry In Nigeria: Empirical Consideration," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(4), pages 172-179.
    13. Patrick Van Damme & Mahinda Wijesiri & Michele Meoli, 2016. "Governance and Efficiency of Microfinance Institutions," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 17(2), pages 236-247, September.
    14. Deloof, Marc & Vermoesen, Veronique, 2016. "The value of corporate boards during the Great Depression in Belgium," Explorations in Economic History, Elsevier, vol. 62(C), pages 108-123.
    15. Thomas Kiptanui TARUS, 2021. "Determinants of Corporate Risk Management: Does Board Size and Tenure Matter? Panel Data Approach from Kenyan Publicly Listed Firms," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 5(1), pages 65-79.
    16. Muravyev, Alexander & Berezinets, Irina & Ilina, Yulia, 2014. "The structure of corporate boards and private benefits of control: Evidence from the Russian stock exchange," International Review of Financial Analysis, Elsevier, vol. 34(C), pages 247-261.
    17. Manika Kohli, 2018. "Impact of Ownership Type and Board Characteristics on the Pay–Performance Relationship: Evidence from India," Indian Journal of Corporate Governance, , vol. 11(1), pages 1-34, June.
    18. Berezinets Irina & Ilina Yulia & Muravyev Alexander, 2011. "Owners, Boards, Managers and the Private Benefits of Control: A Study of Dual Class Stock Firms in an Emerging Market," EERC Working Paper Series 11/12e, EERC Research Network, Russia and CIS.
    19. A. A. Drakos & F. V. Bekiris, 2010. "Endogeneity and the relationship between board structure and firm performance: a simultaneous equation analysis for the Athens Stock Exchange," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(6), pages 387-401.
    20. Ahmed A. Elamer & Collins G. Ntim & Hussein A. Abdou & Andrews Owusu & Mohamed Elmagrhi & Awad Elsayed Awad Ibrahim, 2021. "Are bank risk disclosures informative? Evidence from debt markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 1270-1298, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arimbr:v:16:y:2024:i:3:p:487-499. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/imbr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.