01849cas a2200265 a 4500 AALejournalIMF002039 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857108 1018-5941 BD-DhAAL BD-DhAAL Leruth, Luc. Corporate Performance and Governance in Malaysia / Luc Leruth, Yougesh Khatri, J. Piesse. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper measures corporate sector performance (efficiency) and empirically examines the role of corporate governance. A stochastic frontier with inefficiency effects is fitted to a panel dataset of 31 of the largest nonfinancial companies listed on the Kuala Lumpur Stock Exchange for the period 1995 to 1999. Focusing specifically on the impact of the system of corporate governance and the level of control on firm-level performance, results show an underlying vulnerability in these firms, exacerbated by their reliance on bank-based borrowing and a highly concentrated shareholding structure with complex cross holdings. Furthermore, debt does not appear to have the control features present in outsider systems of corporate governance. Mode of access: Internet Khatri, Yougesh. Piesse, J. IMF Working Papers; Working Paper ; No. 2002/152 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/152/001.2002.issue-152-en.xml IMF e-Library