The manuscript/ paper can be submitted online via IJISR - Editorial Management System (EMS) below link,
This study investigates the effects of Government-Controlled Funds (GCFs) and Private-Government-Controlled Funds (PGCFs) ownerships on accounting performance using a sample of 190 non-financial listed companies on Bursa Malaysia from 2009 to 2014. The study finds that PGCFs ownership has positive and significant impact on accounting performance while GCFs ownership has negative and significant impact on accounting performance. These results imply that PGCFs ownership lead to better accounting performance while GCFs ownership leads to lower accounting performance. This study is one of first effort to examine the two groups ‘GCFs and PGCFs’ of Government Linked Investment Companies (GLICs) ownership in Malaysian market. So far the previous studies have been done focusing GLICs as whole or individual. The implications of this study will be very important to provide the shareholders, managers, and investors with the clear guidance before their decisions.