firm risk and performance: the role of corporate governance in Amfirst reit

rozli, alyaa asyiqin (2017): firm risk and performance: the role of corporate governance in Amfirst reit.

Abstract

This paper examines the relationships between corporate government and firm performance and its impact on firm performance and risk of real estate investment trust (AmFIRST REIT). Researchers have to assumed what is the different forms of corporate government and firm performance there is no interact in their effect on its impact on firm performance and risk of real estate investment trust (AmFIRST REIT). The data obtained from annual report of AmFIRST REIT starting from 2011-2015. Focus on ratio which is return on asset, return on investment, return on equity, current ratio, total asset turnover and debt ratio. Corporate executive shareholdings supplement have the relationship between outside institutional shareholdings and with their firms performance in this industry. All this findings suggest that internal and external coalitions interact with each other to influences the firms conduct.

• Item Type: MPRA Paper
• Language: English
• Keywords: credit risk, liquidity, profitability and microeconomics
• Subjects: G - Financial Economics > G3 - Corporate Finance and Governance; G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers ; Acquisitions ; Restructuring ; Corporate Governance

References

Black, B S. (1998) Shareholder activism and corporate governance in the United States, in Newman, P., Ed, The New Palgrave Dictionary of Economics and the Law, Stockton Press: New York.

Bourke, P. (1989), Concentration and other determinants of bank profitability in Europe, North America and Australia. Journal of Banking and Finance, 13(1), 65-79.

Brown, P., Beekes, W., and Verhoeven, P. (2011). Corporate governance, accounting and finance: A review. Accounting and Finance, 51(1): 96-172.

Choon, Y.V., Thim, C.K., Kyzy, B.T. (2012), Performance of Islamic commercial banks in Malaysia: An empirical study. Journal of Islamic Economics, Banking and Finance, 8(2), 67-79.

Ghazali, M. (2008), The Bank-Specific and Macroeconomic Determinants of Islamic Bank Profitability: Some International Evidence. Faculty of Business and Accountancy. University of Malaya.

Gillan, S. L., and Starks, L. T. (2007). The evolution of shareholder activism in the United States. Journal of Applied Corporate Finance, 19:55–73.

Hutchinson, M. R., Seamer, M., & Chapple, L. J. (2012). Institutional investors, risk/return and corporate governance: practical lessons from the Global Financial Crisis. 1-35

Kosmidou, K., Pasiouras, F. (2005), The Determinants of Profits and Margins in the Greek Commercial Banking Industry: Evidence from the Period 1990-2002. Financial Engineering Laboratory, Department of Production Engineering and Management, Technical University of Crete Working Paper.

Pappas, V., Izzeldin, M., Fuertes, A.M., Ongena, S. (2012), A survival analysis of Islamic bank failure risk. DOI: 10.2139/ssrn.2070957.

Waemustafa, W., & Abdullah, A. (2015). Mode of islamic bank financing: does effectiveness of shariah supervisory board matter?. Aust. J. Basic & Appl. Sci., 9(37): 458

Waemustafa, W., & Sukri, S. (2015). Bank specific and macroeconomics dynamic determinants of credit risk in islamic banks and conventional banks. International Journal of Economics and Financial Issues, 5(2), pp. 476-481.

Waemustafa, W., & Sukri, S. (2016). Systematic and unsystematic risk determinants of risk between Islamic and Conventional banks. International Journal of Economics and Financial Issues, issue 4, vol. 6, pp.1321-1327.