Disclosure of Public Private Partnership (PPP) information : case of Malaysian PPP projects /
The emergence of Public Private Partnerships (PPP) in the United Kingdom in the last two decades as a means of procurement of infrastructure has led to its adoption across the globe including Malaysia. The present study is conducted to determine the extent of disclosure of mandatory and voluntary PP...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English |
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Gombak, Selangor :
Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia,
2016
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| Subjects: | |
| Online Access: | http://studentrepo.iium.edu.my/handle/123456789/4699 |
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| Summary: | The emergence of Public Private Partnerships (PPP) in the United Kingdom in the last two decades as a means of procurement of infrastructure has led to its adoption across the globe including Malaysia. The present study is conducted to determine the extent of disclosure of mandatory and voluntary PPP information by the construction sector in Malaysia. The study has three objectives which are 1) to examine the level of compliance with mandatory accounting Interpretation Committee (IC) 12 “Service Concession Arrangement” and Interpretation Committee (IC) 129 “Service Concession Arrangement: Disclosure” (equivalent to IASB's IFRIC 12 and SIC-29); 2) to seek the perception of PPP experts on the importance of desirable PPP information that can be reported voluntarily by the public and private sector and 3) to investigate the extent and quality of voluntary PPP information disclosure as suggested by the World Bank Group (2015) and previous literature. A total of 11 construction companies' annual reports for the year 2015 were investigated via the content analysis and 25 PPP experts' perceptions were sourced through a questionnaire. The results were analysed using descriptive statistical tools comprising frequency, percentage and mean score due to the descriptive nature of the study. The findings of the study showed that there is a low level of compliance with IC 12 and IC 129 requirements by the construction sector in Malaysia. Similarly, there is a low extent and low quality of voluntary PPP disclosure among the construction companies in Malaysia. In contrast, the result of the perception of PPP experts on the level of importance of voluntary PPP information revealed that the disclosure of the majority of the items to the public and private sector is very important. Apart from contributing to the literature on PPP disclosure, it is hoped that the study will serve as a valuable input to regulators and policy makers to ensure strict enforcement on the compliance to accounting standards and for policy makers to encourage voluntary disclosure of PPP information, as this will increase the transparency and accountability of the scheme. |
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| Physical Description: | xiv, 142 leaves : ill. ; 30cm. |
| Bibliography: | Includes bibliographical references (leaves 126-135). |