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
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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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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
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