Norazlin, Ahmad and Irene, Wei Kiong Ting and Le, Hanh Thi My (2020) Founder effectiveness in sustaining financial performance: influence of family ownership. Journal for International Business and Entrepreneurship Development, 12 (2/3). pp. 109-121. ISSN 1747-6763. (Published)
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Abstract
This paper aims to investigate the association between the founder-CEO and the level of firm financial sustainability in the presence of family ownership by using a unique dataset of publicly listed construction firms in Malaysia from 2009 to 2017. Our regression results show that the founder-CEO and family ownership significantly and negatively affect financial sustainability, which is proxied by operational self-sufficiency. However, their negative effects are alleviated when the founder-CEO and family ownership interact. These results show that the founder-CEO may be ineffective in sustaining the financial performance in the construction industry. This study calls for greater examinations of founder effectiveness under the influence of family ownership.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | financial sustainability; founder-CEO; family ownership; founder effectiveness; construction firms. |
| Subjects: | H Social Sciences > HG Finance |
| Faculty/Division: | Faculty of Industrial Management Institute of Postgraduate Studies |
| Depositing User: | Noorul Farina Arifin |
| Date Deposited: | 04 Jan 2021 08:02 |
| Last Modified: | 13 Apr 2022 05:09 |
| URI: | http://umpir.ump.edu.my/id/eprint/30407 |
| Download Statistic: | View Download Statistics |
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