ISSN: 2225-8329
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This study aims to examine the impact of ownership structures on strategic change of Malaysian public listed companies. In this study, we utilized panel data analysis to examine the correlation between family ownership, institutional ownership, foreign ownership and managerial ownership with strategic change using Malaysian listed data from 2013 to 2020. Our sample included 736 firm-year observations, with finance-related companies excluded from the analysis. The empirical findings of this study demonstrate that family ownership structure has a negative impact on strategic change. This research contributes to the theoretical understanding of how emerging firms can enhance their ownership structure to facilitate strategic change within the company. The study emphasizes the significant difference in ownership structure towards strategic change, providing valuable insights for companies seeking to improve their performance.
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