Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261637 
Year of Publication: 
2018
Citation: 
[Journal:] International Journal of Business Science & Applied Management (IJBSAM) [ISSN:] 1753-0296 [Volume:] 13 [Issue:] 1 [Publisher:] International Journal of Business Science & Applied Management [Place:] s.l. [Year:] 2018 [Pages:] 42-57
Publisher: 
International Journal of Business Science & Applied Management, s.l.
Abstract: 
This research aims to investigate the relationship between retrenchment strategy and firm performance for a sample of 119 listed firms in Malaysia over the period 2008-2015. Using robust panel regression, we find that retrenchment strategy contributes positively to firm performance. Our research further indicates that controlling shareholders plays a significant role in the association between retrenchment strategy and firm performance, in which retrenchment strategy decreases the performance of family and government-linked firms. Our findings contribute to Malaysian firms, government, and policymakers by showing that retrenchment strategy may harm the performance of firm if the firms are family firms or government-linked firms.
Subjects: 
retrenchment
controlling shareholder
firm performance
corporate governance
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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