Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia

This paper examines the effect of corporate governance characteristics on the extent of voluntary disclosure in the financial reports among government-linked companies (GLCs) in Malaysia. We extend previous researches by simultaneously considering board of directors' composition (as the main o...

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Main Author:	Alarab, Awni M. K.
Format:	Thesis
Language:	eng eng
Published:	2008
Subjects:	HF5001-6182 Business
Online Access:	https://etd.uum.edu.my/249/1/Awni_M._K._Alarab.pdf https://etd.uum.edu.my/249/2/Awni_M._K._Alarab.pdf
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id	my-uum-etd.249
record_format	uketd_dc
spelling	my-uum-etd.2492013-07-24T12:06:20Z Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia 2008 Alarab, Awni M. K. College of Business (COB) Faculty of Accounting HF5001-6182 Business This paper examines the effect of corporate governance characteristics on the extent of voluntary disclosure in the financial reports among government-linked companies (GLCs) in Malaysia. We extend previous researches by simultaneously considering board of directors' composition (as the main or the root of the CG mechanisms, board size, CEO duality, and ownership structure (managerial ownership, and government ownership level) in relationship to the level of voluntary (non-mandatory accounting and non-accounting information) disclosure extent in the 2005 financial reports of thirty (30) listed GLCs in Bursa Saham Malaysia. Our results suggest that the corporate governance-related variables influence the level of information disclosed, thus confirming the hypotheses. In regard to the quality of disclosure, our results on the governance characteristics show that (1) managerial ownership was negatively related to the voluntary disclosure index, (2) the level of government ownership was positively linked to the level of voluntary disclosure extent, (3) the level extent of non-executive directors was negatively related to the voluntary disclosure index, (4) the board size was negatively related to the voluntary disclosure index, (5) the role of duality was negatively related to the voluntary disclosure index. Moreover, our results on the companies specific characteristics indicate that (6) the profitability variables (ROE, ROA) were positively related to the voluntary disclosure index, (7) the Gearing variable was positively related to the voluntary disclosure extent index, and (8) company size was positively related to the level of voluntary disclosure extent. The results of this study might be of interest to regulators, investment analysts, and market participants. 2008 Thesis https://etd.uum.edu.my/249/ https://etd.uum.edu.my/249/1/Awni_M._K._Alarab.pdf application/pdf eng validuser https://etd.uum.edu.my/249/2/Awni_M._K._Alarab.pdf application/pdf eng public masters masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
topic	HF5001-6182 Business
spellingShingle	HF5001-6182 Business Alarab, Awni M. K. Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia
description	This paper examines the effect of corporate governance characteristics on the extent of voluntary disclosure in the financial reports among government-linked companies (GLCs) in Malaysia. We extend previous researches by simultaneously considering board of directors' composition (as the main or the root of the CG mechanisms, board size, CEO duality, and ownership structure (managerial ownership, and government ownership level) in relationship to the level of voluntary (non-mandatory accounting and non-accounting information) disclosure extent in the 2005 financial reports of thirty (30) listed GLCs in Bursa Saham Malaysia. Our results suggest that the corporate governance-related variables influence the level of information disclosed, thus confirming the hypotheses. In regard to the quality of disclosure, our results on the governance characteristics show that (1) managerial ownership was negatively related to the voluntary disclosure index, (2) the level of government ownership was positively linked to the level of voluntary disclosure extent, (3) the level extent of non-executive directors was negatively related to the voluntary disclosure index, (4) the board size was negatively related to the voluntary disclosure index, (5) the role of duality was negatively related to the voluntary disclosure index. Moreover, our results on the companies specific characteristics indicate that (6) the profitability variables (ROE, ROA) were positively related to the voluntary disclosure index, (7) the Gearing variable was positively related to the voluntary disclosure extent index, and (8) company size was positively related to the level of voluntary disclosure extent. The results of this study might be of interest to regulators, investment analysts, and market participants.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Alarab, Awni M. K.
author_facet	Alarab, Awni M. K.
author_sort	Alarab, Awni M. K.
title	Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia
title_short	Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia
title_full	Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia
title_fullStr	Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia
title_full_unstemmed	Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia
title_sort	voluntary disclosure and corporate governance among government-linked companies in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2008
url	https://etd.uum.edu.my/249/1/Awni_M._K._Alarab.pdf https://etd.uum.edu.my/249/2/Awni_M._K._Alarab.pdf
_version_	1747826870847537152

Voluntary Disclosure and Corporate Governance Among Government-Linked Companies in Malaysia

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