Abstract: Not many studies have been undertaken on shareholder activism in emerging economies, including Malaysia. Shareholder activism in emerging economies is on the rise. This paper seeks to comprehend the elements of this activism that are unique to Malaysia, specifically with respect to how the agency problem is controlled through shareholder activism in improving corporate governance practices within target companies. Through shareholder activism, shareholders make contact with a target company to voice their dissatisfaction, suggestions, or recommendations. This paper utilises agency theory to explain institutional shareholder activism. This theory has been extensively used within literature on corporate governance with regards to shareholder activism. The effectiveness of shareholder activism in improving corporate governance will be examined as well. This research provides a further understanding of shareholder activism in emerging economies, such as Malaysia; this research also has the potential to enhance shareholder activism and corporate governance practices in general.
Abstract: Three sulphonic acid-doped polyanilines were
synthesized through chemical oxidation at low temperature (0-5 oC)
and potential of these polymers as sensing agent for O2 gas detection
in terms of fluorescence quenching was studied. Sulphuric acid,
dodecylbenzene sulphonic acid (DBSA) and camphor sulphonic acid
(CSA) were used as doping agents. All polymers obtained were dark
green powder. Polymers obtained were characterized by Fourier
transform infrared spectroscopy, ultraviolet-visible absorption
spectroscopy, thermogravimetry analysis, elemental analysis,
differential scanning calorimeter and gel permeation
chromatography. Characterizations carried out showed that polymers
were successfully synthesized with mass recovery for sulphuric aciddoped
polyaniline (SPAN), DBSA-doped polyaniline (DBSA-doped
PANI) and CSA-doped polyaniline (CSA-doped PANI) of 71.40%,
75.00% and 39.96%, respectively. Doping level of SPAN, DBSAdoped
PANI and CSA-doped PANI were 32.86%, 33.13% and
53.96%, respectively as determined based on elemental analysis.
Sensing test was carried out on polymer sample in the form of
solution and film by using fluorescence spectrophotometer. Samples
of polymer solution and polymer film showed positive response
towards O2 exposure. All polymer solutions and films were fully
regenerated by using N2 gas within 1 hour period. Photostability
study showed that all samples of polymer solutions and films were
stable towards light when continuously exposed to xenon lamp for 9
hours. The relative standard deviation (RSD) values for SPAN
solution, DBSA-doped PANI solution and CSA-doped PANI
solution for repeatability were 0.23%, 0.64% and 0.76%,
respectively. Meanwhile RSD values for reproducibility were 2.36%,
6.98% and 1.27%, respectively. Results for SPAN film, DBSAdoped
PANI film and CSA-doped PANI film showed the same
pattern with RSD values for repeatability of 0.52%, 4.05% and
0.90%, respectively. Meanwhile RSD values for reproducibility were
2.91%, 10.05% and 7.42%, respectively. The study on effect of the
flow rate on response time was carried out using 3 different rates
which were 0.25 mL/s, 1.00 mL/s and 2.00 mL/s. Results obtained
showed that the higher the flow rate, the shorter the response time.