{"id":2742,"date":"2021-06-09T00:34:54","date_gmt":"2021-06-08T16:34:54","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/article\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\/"},"modified":"2021-09-09T12:31:28","modified_gmt":"2021-09-09T04:31:28","slug":"impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\/","title":{"rendered":"Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia"},"content":{"rendered":"<p>Financial resources are an important factor in investment decisions. Access to financial resources is a key determinant to increase productivity and consequently generate firm growth. This paper aims to investigate the impact of financial constraints, ownership types and structures on firm productivity. This study used annual data of firms listed on the main board of Bursa Malaysia from 2000 to 2015. This study employed system generalized method of moments (GMM) to analyze the impact of financial constraints, ownership and other control variables on productivity. The results show that financial constraints, and the ownership types and structures cause different impacts on firm productivity. Using the sub-sample analyses of government, private and foreign firms, the results indicates that foreign firms are most affected by financial constraints followed by government firms and private firms. In the negative liquidity situation, the financial constraints faced by government and private firms have increased. Meanwhile, exports have managed to reduce the impact of financial constraints on foreign firms. The analysis of ownership structure analysis finds that it does not affect firm productivity. Hence, to boost domestic economic growth policy makers should formulate strategies that support firm financial aspect to ensure increased productivity and growth of local firms in Malaysia.<\/p>\n","protected":false},"template":"","tags":[407,404,112,406,405],"jel-code":[],"article-type":[1329],"class_list":["entry","author-jem","post-2742","article","type-article","status-publish","tag-kaedah-momen-teritlak","tag-kekangan-kewangan","tag-kos-agensi","tag-pemilikan","tag-produktiviti-firma","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"Financial resources are an important factor in investment decisions. Access to financial resources is a key determinant to increase productivity and consequently generate firm growth. This paper aims to investigate the impact of financial constraints, ownership types and structures on firm productivity. This study used annual data of firms listedContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-09T04:31:28+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\\\/\",\"name\":\"Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2021-06-08T16:34:54+00:00\",\"dateModified\":\"2021-09-09T04:31:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/impak-kekangan-kewangan-dan-pemilikan-ke-atas-produktiviti-firma-di-malaysia\/","og_locale":"en_US","og_type":"article","og_title":"Impak Kekangan Kewangan dan Pemilikan ke atas Produktiviti Firma di Malaysia | Jurnal Ekonomi Malaysia","og_description":"Financial resources are an important factor in investment decisions. 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