Multiple Directorships, Board Characteristics and Firm Performance in Malaysia
研究了马来西亚上市公司董事多重任职的普遍性，以及董事会特征与公司绩效的关系，发现多重任职对市场绩效有正向但不显著的影响，而前政府官员和创始人的影响显著为正，家族所有权与绩效呈U型关系。
The objective of the study is two-fold. First, the study examines the extent of mult iple d irectorship practices of Malaysian public listed companies. Secondly, the study assesses the relationship of several board characteristics with firm performance. Using a sample of 132 co mpanies in 2008, the result shows that almost 90% of directors of Malaysian public listed firms have between 1 to 3 directorships. The mult iple directorships affect firms' market performance positively but not significantly. Ex-govern ment officials and founders have positive and significant influence on performance. Family ownership is significant and has U-shaped relationship with performance. The findings to some extent have policy implication to corporate governance practices.