Malaysia privatization: A comprehensive study

Qian Sun, Hin Sang Tong

Research output: Journal article publicationReview articleAcademic researchpeer-review

31 Citations (Scopus)

Abstract

As the first comprehensive study on privatization in Malaysia, this paper compares financial and operating performance of a sample of 24 firms before and after privatization. The 24 firms were privatized via public listing on the Malaysian exchange. Measures that improve following privatization include profitability, output level, and dividend payout; leverage declines. We also observe increased linkages between ownership and corporate governance with such performance changes. By and large, our results are similar to the results of the directly comparable multi-country studies of Megginson, Nash, and van Randenborgh (1994), Boubakri and Cosset (1998), and D'Souza and Megginson (1999).
Original languageEnglish
Pages (from-to)79-105
Number of pages27
JournalFinancial Management
Volume31
Issue number4
DOIs
Publication statusPublished - 1 Jan 2002

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

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