اصلاحات حاکمیت شرکتی در مالزی: اندازه هیئت مدیره، استقلال و نظارت

Our results also suggest that board size and board independence are correlated with the operation level of the firms. Unlike most findings in the US market, we find no evidence that the measures under the monitoring hypothesis are related to board independence, which requires further investigation on the monitoring role played by Malaysian boards.