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The Effect Of Owner’S Gender And Age To Firm Performance: A Review On Malaysian Public Listed Family Businesses

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  • Noor Afza Amran

    (Universiti Utara Malaysia)

Abstract

There are lack of studies that discuss the importance of owner’s gender and age with firm performance. Thus, the objective of this study is to examine the relationship between owner’s gender and age with the business performance, which is measured using Tobin’s Q (Q) and Earnings Per Share (EPS). This study uses secondary data approach. The sample size is 182 Malaysian family companies listed on Bursa Malaysia over the period of 2003 to 2007. Findings from this study show that there is a difference between male-led and female-led companies with firm performance. Male owners are found to enhance greater firm value than female owners, when based on the market value (Tobin’s Q). In term of owner’s age, both the market value (Q) and accounting value (EPS) do show a negative relationship with business performance. This explains that matured owners are found to be underperformed, while the young owners are more aggressive in enhancing the firm value. Interestingly, the findings have shown that factors such as owner’s gender and age do enhance company performance, especially for Malaysian family businesses. Regulators, stakeholders and potential investors need to be alert that gender and age plays an important role in the family company success

Suggested Citation

  • Noor Afza Amran, 2011. "The Effect Of Owner’S Gender And Age To Firm Performance: A Review On Malaysian Public Listed Family Businesses," Journal of Global Business and Economics, Global Research Agency, vol. 2(1), pages 104-116, January.
    • Handle: RePEc:grg:01biss:v:2:y:2011:i:1:p:104-116
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    References listed on IDEAS

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    Cited by:

    1. Tho, Nguyen Xuan, 2024. "The Moderating Role of CEO Age on the Relationship Between CEO Characteristics and Tobin’s Q," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 31(1), January.
    2. Campopiano, Giovanna & De Massis, Alfredo & Rinaldi, Francesca Romana & Sciascia, Salvatore, 2017. "Women’s involvement in family firms: Progress and challenges for future research," Journal of Family Business Strategy, Elsevier, vol. 8(4), pages 200-212.
    3. Rupinder Kaur & Balwinder Singh, 2018. "CEOs’ Characteristics and Firm Performance: A Study of Indian Firms," Indian Journal of Corporate Governance, , vol. 11(2), pages 185-200, December.
    4. Tutun Mukherjee & Som Sankar Sen, 2022. "Impact of CEO attributes on corporate reputation, financial performance, and corporate sustainable growth: evidence from India," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-50, December.
    5. Samara, Georges & Jamali, Dima & Lapeira, Maria, 2019. "Why and how should SHE make her way into the family business boardroom?," Business Horizons, Elsevier, vol. 62(1), pages 105-115.

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    More about this item

    Keywords

    Owner; gender; age; family business; performance; Malaysia;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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