Our study empirically investigates the relationship between managerial ownership and company performance of public listed companies in Malaysia. Three years panel data of 730 Malaysian public listed companies were examined. Our findings demonstrated that managerial ownership had negative and significant relationship with Tobin’s Q and share price. Therefore, the involvement of management in monitoring and controlling activities fail to reduce agency conflict in the emerging economy. This study is perhaps the first that explain the extended agency theory in developing country..

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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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