A Pre- and Post- MCCG 2012 Evaluation on the Impacts of Corporate Governance and Intellectual Capital with Firm Performance

Yen Wen Chang; David Ching Yat Ng

doi:10.21834/ebpj.v7iSI8.3909

Authors

Yen Wen Chang Taylor's University, 1, Jalan Taylors, 47500 Subang Jaya, Malaysia
David Ching Yat Ng Universiti Tunku Abdul Rahman, Jalan Sungai Long, Bandar Sungai Long, 4300 Kajang, Malaysia

DOI:

https://doi.org/10.21834/ebpj.v7iSI8.3909

Keywords:

Corporate Governance, Intellectual Capital, MCCG 2012, Government-Linked Companies

Abstract

This paper aims to examine and compare the impact of corporate governance (CG) and intellectual capital (IC) on firm performance (FP) between pre- Malaysia Code of Corporate Governance (MCCG) 2012 and post- MCCG 2012 of GLCs. Panel data analysis was used. The data were collected from the annual report of the 32 GLCs from 2005 to 2012 (pre- MCCG 2012) and from 2013 to 2020 (post- MCCG 2012). There was a total of 512 firm-year observations. The CG of post- MCCG 2012 has a greater impact on earnings per share (EPS) compared to pre- MCCG 2012. The IC of pre- MCCG 2012 has a greater impact on return on equity (ROE), Tobin's Q and EPS.

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