Government-linked companies' (GLCs) performance - a structuration perspective: Malaysian evidence

Yeng Wai Lau

International Journal of Critical Accounting, 2013, vol. 5, issue 2, 213-227

Abstract: Malaysian GLCs are under pressure to perform due to their role in helping the country to become a developed nation. Using the structuration theory as a framework, this paper seeks to provide a critical perspective on GLCs' performance. This study has found that GLCs are pressured to strike a balance across political, economic and social goals, and attainment of some of these goals, especially goals non-financial in nature, is not necessarily translated into improved financial performance in the short run. Assessing only the financial aspects of GLCs' performance does not provide a complete picture of GLCs' achievements. Despite the importance of non-financial performance, the challenges associated with defining, measuring and using non-financial indicators remain unresolved. Future research can consider exploring how best to assess the non-financial aspects of GLCs' performance in light of the significance of GLCs' political and social obligations, which do not necessarily lend themselves to financial evaluations.

Keywords: government-linked companies; GLCs; financial performance; non-financial performance; structuration theory; Malaysia. (search for similar items in EconPapers)
Date: 2013
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