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dc.contributor.advisorEun, Dong-Jae
dc.contributor.authorKhoo, Elaine Synn Yie
dc.date.accessioned2018-06-08T22:50:56Z
dc.date.available2018-06-08T22:50:56Z
dc.date.issued5/7/2018
dc.identifier.urihttp://hdl.handle.net/1773/41903
dc.description.abstractThis paper examines the impact of the 10-year long Government-Linked Companies Transformation Program (GLCTP) on the performances of the Government-Linked Companies (GLCs) and non-Government-Linked Companies (non-GLCs) in Malaysia introduced in 2005. The performance of GLCs and matching non-GLCs are compared using difference-in-differences estimation techniques. Financial performance is measured using Returns on Asset (ROA) and Returns on Equity (ROE) while Tobin’s Q ratio is used as a measure of a firm's value. Results show that the GLCTP have a statistically significant negative effect on GLCs’ financial performance. Difference-in-difference estimation also shows that the GLCTP has a negative effect on firms’ market value relative to firms’ assets as measured by Tobin’s Q ratio. 
dc.languageEnglish
dc.language.isoen_US
dc.publisherUniversity of Washington Libraries
dc.relation.ispartofseries2018 Libraries Undergraduate Research Award Winners
dc.titleThe Impact of The Government-Linked Companies Transformation Program (GLCTP) on The Performances of Government-Linked Companies (GLCs) in Malaysia
dc.typeSenior Thesis


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