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You searched Library Catalogue - Author: Leong, Mei Leng
Call Number (WOU) SP CEMBA 2011 77
Author Ng, Vicky
Title The relationship of director remuneration and performance of Malaysian government linked companies (GLCS) / Ng Vicky
Abstract GLCs are the main pillars of national economics. It is the national interest to find out whether the GLCs directors have strived to achieve outstanding corporate performance. Are they overpaid during recession when company performance is low or are they underpaid and hence lack of motivation to thrive for better profitability and value creation for shareholders? In this study, a model is setup to examine the research objectives which are to examine the relationship of the director’s remuneration and corporate performance through three financial measures (return on equity, dividend payout ratio, earning per share) and company size which is represented by total asset and market capitalization. The analysis also examines the impact of the GLC transformations program which of the purposes of bolstering shareholder value through improve financial and operation result and deliver maximum benefits to stakeholders, improve procurement processes and embrace corporate social responsibility launched since 2005. xi Total 17 GLCs out of G-20 are selected for this study based on criteria stipulated. The data collected were then subjected to a series of statistical analyses include descriptive statistics, factor analysis, reliability analysis, correlation analysis and multiple regression. Analysis results indicated that the director’s remuneration is significantly correlated to the company’s earnings per share, total assets and market capitalization in lagged period of one and two financial years. Market capitalization has the highest impact to the remuneration at lagged one year whereas market capitalization and earning per share have similar impact to the remuneration at lagged two years. In this study, limitations of the investigation and recommendation for future research were also presented.
Notes Final project report submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (CeMBA)
Publisher/Year Penang : School of Business and Administration, Wawasan Open University, 2011
Physical Description 91 p.; 30 cm.
Subject Wawasan Open University -- Dissertations
Subject Government business enterprises -- Malaysia

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