Corporate Governance, Ownership Structure and Expropriation of Rights: Case of Malaysian Small and Medium Enterprises

Aamir Iqbal Umrani; Satirenjit Kaur Johl

Makale detayları

Corporate Governance, Ownership Structure and Expropriation of Rights: Case of Malaysian Small and Medium Enterprises

Yazarlar:

Aamir Iqbal Umrani | Satirenjit Kaur Johl

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.170-178

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000812893

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

Small and medium enterprises (SMEs) serve as the financial backbone of the developed and developing economies, and a major contributor in many
 countries’ gross domestic product. Asustainable SME sector is vital for a developing country like Malaysia where SMEs represent 99.2% of the overall
 business establishment and a major employment sector in the country. Although, the Malaysian SME sector faces a critical problem, which results in
 50% of SMEs collapse during the first 5 years of operation and a 60% rate of failure among SMEs. In addition, unauthorized use of company property,
 misappropriating company funds, making false statements, illegal investment schemes and many other allegations have been put on the Malaysian
 SME owners and directors in the past. The objective of this paper is to investigate the Malaysian SMEs structure, past allegations and the corporate
 governance (CG) practices in the medium sized manufacturing SMEs. This study has adopted a qualitative approach, face-to-face interviews were
 conducted with SME owners/directors, and regulatory body officials. The results show that the Malaysian SMEs are mainly family based and higher
 management positions are kept by the family. Furthermore, it was revealed that there is no CG code for the SMEs. This provides room for the family
 to expropriate minority shareholders’ rights and perform illegal activities. Hence, the results stressed on the need of the implementation of CG code
 for Malaysian SMEs.

Makale detayları

Corporate Governance, Ownership Structure and Expropriation of Rights: Case of Malaysian Small and Medium Enterprises

Yazarlar: Aamir Iqbal Umrani | Satirenjit Kaur Johl

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.170-178

Belge Tipi: Makale

Yayın Tarihi: 4/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000812893

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Aamir Iqbal Umrani | Satirenjit Kaur Johl

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.170-178

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000812893

Sıklık:

İki Aylık

eISSN:

2146-4138