Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law.

Mohd Salim, Wan Noraini and Abdul Ghadas, Zuhairah Ariff (2012) Sustainability of the family ownership in a family business via inheritance: An Appraisal with special reference to the Malaysian law. Australian Journal of Basic and Applied Sciences, 6 (11). pp. 354-360. ISSN 1991-8178

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Abstract

According to Amran and Che Ahmad (2010), family succession attributes influence the firm’s performance and the family ownership is positively related with the firm’s performance. The writers also observed that families are motivated to work efficiently when they hold more shares in the business. Furthermore, the results reveal that successors-managed firms have better firm performance than founder-managed firms. The findings provide evidence that Malaysian family firms do plan for their successions. However, in absence of the succession plan, it is observed that the family business structure could still maintained by the application of the law of inheritance. This paper intends to highlight how the inheritance laws play its role in maintaining the family ownership in family business. The scope of discussion in this paper is focus on family businesses in Malaysia and the conventional and Islamic laws of inheritance which are applicable in Malaysia. Research methodologies applied in this paper are statutory and doctrinal analysis.

Item Type:	Article (Journal)
Additional Information:	1467/27649
Subjects:	K Law > KPG Malaysia
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws
Depositing User:	Dr wan noraini mohd salim
Date Deposited:	26 Dec 2012 07:51
Last Modified:	16 Jul 2014 16:11
URI:	http://irep.iium.edu.my/id/eprint/27649

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