Determinants of Accounting-based Performance: Evidence from Bursa Malaysia
This study aims to examine the determinants of accounting-based performance of 531 non-financial Malaysian listed companies over the period 2004 to 2012.System generalized method of moments reveals that both prior risk-taking behavior and size are found to be important determinants of performance.A...
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| المؤلفون الرئيسيون: | , , |
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| التنسيق: | مقال |
| اللغة: | English |
| منشور في: |
Universiti Utara Malaysia
2018
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| الموضوعات: | |
| الوصول للمادة أونلاين: | http://repo.uum.edu.my/24012/1/IJMS%2024%202%202018%201%2022.pdf http://repo.uum.edu.my/24012/ http://ijms.uum.edu.my/index.php/current-issues |
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| الملخص: | This study aims to examine the determinants of accounting-based performance of 531 non-financial Malaysian listed companies over the period 2004 to 2012.System generalized method of moments reveals that both prior risk-taking behavior and size are found to be important determinants of performance.A significant positive influence of prior risk-taking behavior on performance implies that risk-averse managers are cognitively influenced by their capability in handling risky investments in the past; consequently enhance confidence in their ability to manage profitable investments. The result appears to support the capital asset pricing model implication.Meanwhile, a significant positive size-performance relationship suggests that investors and fund managers should focus on larger companies as they can have better stock performance. |
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