The aim of this research is to examine the heterogeneity of corporate governance mechanisms (i.e., ownership concentration, board independence and CEO duality) across technology-based and mature industries. Our research extends existing corporate governance literature by conceptualizing that the effectiveness of corporate governance mechanisms is contingent upon industry settings. Specifically, the performance of technology-based firms depends on management capacity to respond to rapid market and technological changes. In mature industries, on the contrary, firms generally face a relatively stable business environment and producing standardized products. We employed multi-group analysis in the Partial Least Squares (PLS) path modeling to analyze the heterogeneous effects of corporate governance mechanisms on firm performance. Multi-group analysis in PLS path modeling is more powerful than linear regression because the former can detect multigroup difference-effect and handle violation .....

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The study_s primary objective is to examine influence of audit committee effectiveness on the extent of earnings conservatism amongst Malaysian publicly listed firms. Drawing on agency theory, supplemented by tenets of key corporate governance reforms undertaken in Malaysia since the Asian financial crisis in 1997, it is expected that audit committee effectiveness is positively associated with earnings conservatism. Aside from considering audit committee effectiveness through a holistic lens, the influence on earnings conservatism of three key components underlying audit committee effectiveness (independence, expertise, and diligence) is also examined. Conservatism is defined in terms of timeliness, and measured using models developed by Basu (1997). Analysis is based on annual data collected from 100 Malaysian firms (selected using stratified random approach) listed continuously on the Bursa Malaysia from January 1, 2002 till December 31, 2011. Following exclusions for missing data, e.....

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Diversification strategy has been researched extensively in the fields of strategic management and finance. Nevertheless, there is still inadequate empirical research related to the role of diversification strategy on selection of financing choice. Moreover, there is inconclusive evidence among literature in this particular field. This study examines the effect of diversification on choice of financing among Malaysian public listed firms using Pearson Correlation for a sample of 76 firms during the period of 1994-2007. The evidence suggests that diversification strategy positively influences choice of financing. This possibly indicates that implementation of diversification strategy has an impact on how firms select its financing decision. Nevertheless, this evidence should be further examined using robust methodology to substantiate this outcome...

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Recent literature pertaining on human capital development highlights that career program consists of two salient elements: planning and management. The ability of management to appropriately plan and manage career programs will help to meet employees_ career needs, and this situation may lead to enhanced career effectiveness. Although the nature of this relationship is interesting, the role of career needs as an important mediating variable is largely ignored in workplace career development model. Thus, this study was conducted to measure the correlation between career program, career needs and career effectiveness using self-report questionnaires gathered from employees at a Malaysian defense higher learning institution. The outcomes of SmartPLS path model analysis confirmed that fulfillment of career needs does act as an important mediating variable in the relationship between career program and career effectiveness in the organizational sample. Further, this study offers discussion,.....

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This paper investigates the interaction between capital structure and firm competition on the performance of firms in Nigeria. The study uses two distinct measures of competition, the Herfindahl-Hirschman Index (HHI) and Boone indicator (BI), the impact of competition on leverage-performance relationship is examined. A panel of 63 Nigerian listed firms over the period 2001-2010 is used for the empirical analysis.The results indicate that financial leverage, used as a measure of capital structure, has significant positive effect on firm performance. It also reveals that product market competition in Nigeria enhances the performance effect of leverage. Keywords Leverage, performance, Boone indicator, Herfindahl-Hirschman indicator..

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The main purpose of this paper is to explore the impact of CEO power on the efficiency of corporate governance from the perspective of state-owned enterprises_ CEO turnover in China. Using data of listed SOEs from 2004- 2012, we find that: (1) CEO turnover is negatively correlated with company performance on the whole, yet the enhanced CEO power can reduce the possibility of being forcibly replaced due to the poor performance, showing that the power of CEO play a significant entrenchment role in the decisionmaking of executive turnover; (2) CEO turnover remarkably improves the company_s future performance. However, this promoting effect only appears after the turnover of CEO possessing less power; (3) Further studies also show that upgrading the administrative level and improving the institutional environment can inhibit the rent-seeking behavior of SOEs_ CEO. Our study is not only conducive to understanding the economic consequences of the power of SOEs_ chief executives, but also off.....

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This paper examines a perceived benefit of assisted living experience at Rumah Kebajikan Cheras Baru, Kuala Lumpur, Malaysia. The examination focused on co-creational value and perceived benefit towards elderly system, which service design methodology have been implied to discover a results and feedback from activities that has been applied in old system of managing assisted homes and old folks homes in Malaysia. Existing health care system services available may not be effective in dealing with elderly having chronic diseases and disabilities. Resulted of analyzing have shown that elderly people in Malaysia dependent too much on their family support and government support. This paper examines the previous system of homes nursing and assisted living experience and provides a better system that can really support elderly people sustain and manage their daily life effectively without a provision from the government or private sector nursing. Keywords Aging, assisted, co-creation, servic.....

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This study aimed to analyze tax morale and tax compliance among the small medium enterprise (SME) from the tax practitioners_ perspective. Tax morale is defined as the intrinsic motivation to pay taxes arising from the moral obligation to pay taxes or the belief in contributing to the society. To achieve these goals, high tax morale is required to achieve a high degree of tax compliance. The general objective of this study is to determine the level of tax morale and tax compliance of SME taxpayers. In addition, the study also investigates the effect of tax morale towards tax compliance and the significant relationship between tax morale and tax compliance among the SME taxpayers. 200 questionnaires were distributed to the tax practitioners that randomly selected in Kuala Lumpur. Descriptive and correlations analysis were used to analyze the data. The result shows that there are a number of significant relationships between tax morale and tax compliance. The study recommended that there.....

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Prior studies documented that privatization leads to improved performance of privatized companies after the government relinquishment the control over the companies. Jordanian privatized companies are unique due to fact that political involvement post-privatization is still high. The setting enables us to show the effect of a unique privatization arrangement on performance of privatized companies. Second, the paper combines two approaches found in the literature to increase robustness of the results and explanations. This study examines the performance of 18 newly privatized Jordanian companies against 18-matched control group of public listed companies Non-GLCs in Amman Stock Exchange (ASE) for the period 1992_2001. We compare the performance of privatized companies (GLCs) with its benchmark (Non-GLCs) to determine the effect of privatization on company performance. Non-parametric tests were employed to examine the difference in the performance of the two groups in pre and post privat.....

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This paper aims to study the impact of Middle East_s tourist arrival towards economic growth in Sarawak. Augmented Dicky-Fuller (ADF) is used to find the stationary of the variables. Besides that, Johansen Cointegration Test and VAR Granger Causality Test are used to address the objectives of study. The results revealed the existence of a short run relationship only between the variables of GDP, Middle East_s tourist arrivals, government expenditure and exchange rate in Sarawak. In addition, the VAR granger causality test indicated that GDP causes both GE and ER in the short run unidirectional respectively. However, the META granger cause the GDP and GE in unidirectional in the short run respectively. Keywords Causality, cointegration, VAR..

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