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Corporate Governance and Its Determinants: A Study of Pharmaniaga Sdn Bhd

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  • Azmi, Siti Nor Aisyah

Abstract

This study focusses at the aspects that can impact the outcomes of Pharmaniaga Berhad. The goal is to discover internal and external variables, as well as the combination of factors that may have an impact on the performance of Pharmaniaga Berhad. To determine the degree of significance of the connection between these variables, methods such as statistical and regression techniques have opted in this research case. When certain variables are considered, it becomes evident that return of equity (ROE) compared to other determinants, has the most significant influence on Pharmaniaga Berhad’ s performance. Nevertheless, even though the Pharmaniaga Berhad financial issue in 2022 possibly had an impact in the company subsequent slump in their performance but it is highlight that the financial issue is not coming from the any fraudulent activities.

Suggested Citation

  • Azmi, Siti Nor Aisyah, 2023. "Corporate Governance and Its Determinants: A Study of Pharmaniaga Sdn Bhd," MPRA Paper 119806, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:119806
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    References listed on IDEAS

    as
    1. Muhammad Farhan Basheer & Mohamad Helmi Hidthiir & Waeibrorheem Waemustafa, 2019. "Impact of Bank Regulatory Change and Bank Specific Factors Upon Off-Balance-Sheet Activities Across Commercial Banks in South Asia," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(4), pages 419-431.
    2. Waemustafa, Waeibrorheem & Sukri, Suriani, 2015. "Theory of Gharar and its interpretation of Risk and Uncertainty from the perspectives of Authentic Hadith and the Holy Quran: A Qualitative Analysis," MPRA Paper 78316, University Library of Munich, Germany, revised 10 Jan 2016.
    3. Waeibrorheem Waemustafa & Azrul Abdullah, 2015. "Mode of Islamic Bank Financing: Does Effectiveness of Shariah Supervisory Board Matter?," Post-Print halshs-01509026, HAL.
    4. Waeibrorheem Waemustafa & Suriani Sukri, 2016. "Systematic and Unsystematic Risk Determinants of Liquidity Risk Between Islamic and Conventional Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1321-1327.
    5. Waeibrorheem Waemustafa & Suriani Sukri, 2015. "Bank Specific and Macroeconomics Dynamic Determinants of Credit Risk in Islamic Banks and Conventional Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 476-481.
    6. Muhammad Farhan Basheer & Mohamad Helmi Hidthiir & Waeibrorheem Waemustafa, 2019. "Impact of Bank Regulatory Change and Bank Specific Factors Upon Off-Balance-Sheet Activities Across Commercial Banks in South Asia," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(4), pages 419-431, April.
    7. Muhammad Farhan Basheer & Waeibrorheem Waemustafa & Mohamad Helmi Bin Hidthiir & Saira Ghulam Hassan, 2021. "Explaining the endogeneity between the credit risk, liquidity risk, and off-balance sheet activities in commercial banks: a case of South Asian economies," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 14(2), pages 166-187.
    8. Muhammad Farhan Basheer* & Waeibrorheem Waemustafa & Aref Abdullah Ahmad, 2018. "The Paradox of Managerial Ownership and Financial Decisions of the Textile Sector: An Asian Market Perspective," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 184-190:4.
    9. Muhammad Farhan Basheer & Shuchi Gupta & Rabeeya Raoof & Waeibrorheem Waemustafa & David McMillan, 2021. "Revisiting the agency conflicts in family owned pyramidal business structures: A case of an emerging market," Cogent Economics & Finance, Taylor & Francis Journals, vol. 9(1), pages 1926617-192, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Pharmaniaga Sdn Bhd (Malaysia); performance; profitability; Return of Assets (ROA); corporate governance;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance

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