International Business Management
ISSN: OnlineISSN: Print 1993-5250
Abstract
In Malaysia, issues of accountability and corruption have tarnished the image of numerous Government Linked Companies (GLCs) and there is a need to understand the internal forces that contribute to this reality. This study assesses internal factors, namely board effectiveness, internal control and leadership qualities that contribute to a lack of accountability in selected Malaysian GLCs. Based on a survey involving 102 GLCs, it was revealed that all 3 internal factors contribute significantly to accountability in GLCs. Findings also revealed that active participation of board members correlated positively with accountability. In addition, sound internal control practices enhanced accountability in the organizations. Finally, quality leaders also play a key role in order to improve accountability in GLCs. The findings of this study suggest that Malaysian GLCs need to pay close attention to the aforementioned internal factors to ensure success.
How to cite this article:
Jamaliah Said, Nur Hidayah Jaafar and Ruhaya Atan. Assessing Accountability in Government Linked Companies: An Empirical Evidence.
DOI: https://doi.org/10.36478/ibm.2015.460.469
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2015.460.469