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Will Penang based companies perform better than the market?

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dc.contributor.authorLean H.H.en_US
dc.contributor.authorTing I.W.K.en_US
dc.contributor.authorid15849147600en_US
dc.contributor.authorid57211409300en_US
dc.date.accessioned2023-05-29T06:12:26Z
dc.date.available2023-05-29T06:12:26Z
dc.date.issued2016
dc.description.abstractThis paper examines the antecedents of company's performance and compares the performance between Penang based companies and Non-Penang based companies from firm characteristics point of view for the period of 2004 to 2013. A static panel data structure is employed to examine firm characteristics' effect to firm performance. We find that the Penang based companies outperform Non-Penang based companies. Second, the previous year's performance has a positive impact to the current year's performance for Penang based companies but has a negative impact to the Non-Penang companies. Third, larger firm performs better for Malaysian public listed companies. Fourth, the Penang based companies with their larger investment in intangible assets perform better. Fifth, Malaysian public listed companies should maintain lower gearing in order to increase firm performance. Sixth, the Penang based companies with a higher growth rate and operating cash flow ratio would help in ensuring the firms perform better. Our findings could serve as an indicator in assessing firm characteristics on firm performance for Penang based public listed companies.en_US
dc.description.natureFinalen_US
dc.identifier.epage536
dc.identifier.issue1
dc.identifier.scopus2-s2.0-84976597321
dc.identifier.spage528
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84976597321&partnerID=40&md5=7a4e2685c9b42cf8007967e71619e852
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/22818
dc.identifier.volume36
dc.publisherEconomics Bulletinen_US
dc.sourceScopus
dc.sourcetitleEconomics Bulletin
dc.titleWill Penang based companies perform better than the market?en_US
dc.typeArticleen_US
dspace.entity.typePublication
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