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Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis

Corporate governance issue has attracted the researchers, especially the Malaysian researchers due to the 1997-1998 economic crises. Furthermore, it is undeniable that the banking sector is the heart of the economy in any country since it is the main source in mobilizing the monetary system. Thus,...

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Main Authors: Htay, Sheila Nu Nu, Aung, Zaw Min, Ab. Rashid, Hafiz-Majdi, Adnan, Muhammad Akhyar
Format: Conference or Workshop Item
Language:English
English
Published: 2011
Subjects:
HG1501 Banking
Online Access:http://irep.iium.edu.my/26274/1/10.Corporate_governance_and_strategic_information_disclousre_in_Malaysia.pdf
http://irep.iium.edu.my/26274/2/10.pdf
http://irep.iium.edu.my/26274/
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spelling my.iium.irep.262742012-12-16T09:04:05Z http://irep.iium.edu.my/26274/ Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis Htay, Sheila Nu Nu Aung, Zaw Min Ab. Rashid, Hafiz-Majdi Adnan, Muhammad Akhyar HG1501 Banking Corporate governance issue has attracted the researchers, especially the Malaysian researchers due to the 1997-1998 economic crises. Furthermore, it is undeniable that the banking sector is the heart of the economy in any country since it is the main source in mobilizing the monetary system. Thus, this study investigates the impact of corporate governance on strategic information disclosure of Malaysian listed banks by using a panel data analysis. Good corporate governance is proxied by board leadership structure, board composition, board size, director ownership, institutional ownership and block ownership. Strategic information disclosure index is developed and content analysis is conducted by cross checking between the strategic information disclosed in the annual reports and the disclosure index developed by the researcher. The disclosure score used in this study is weighted disclosure score after considering the opinions of accountants and financial analysts who represent preparers and users of the accounting information respectively. INE_BZ (at 1% Sig. level, BOWN (at 5% Sig. level) and BLS and DOWN are in line with hypothesis while BZ (at 1% Sig. level) and IOWN are not. Thus, it can be concluded that separate board leadership structure, higher INE_BZ, higher BZ, lower DOWN, lower BOWN and lower IOWN have more strategic information disclosure. With regard to control variables, only LNTA has a significant impact on disclosure but the finding from leverage, i.e. TD_TE. The current prevailing situations in Malaysia are discussed to highlight the reasons behind these research findings. 2011-06-09 Conference or Workshop Item REM application/pdf en http://irep.iium.edu.my/26274/1/10.Corporate_governance_and_strategic_information_disclousre_in_Malaysia.pdf application/pdf en http://irep.iium.edu.my/26274/2/10.pdf Htay, Sheila Nu Nu and Aung, Zaw Min and Ab. Rashid, Hafiz-Majdi and Adnan, Muhammad Akhyar (2011) Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis. In: Global Economics, Finance and Management Conference, 9-10 June, 2011, Intercontinental Toronto Centre, Toronto, Canada. (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG1501 Banking
spellingShingle HG1501 Banking
Htay, Sheila Nu Nu
Aung, Zaw Min
Ab. Rashid, Hafiz-Majdi
Adnan, Muhammad Akhyar
Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis
description Corporate governance issue has attracted the researchers, especially the Malaysian researchers due to the 1997-1998 economic crises. Furthermore, it is undeniable that the banking sector is the heart of the economy in any country since it is the main source in mobilizing the monetary system. Thus, this study investigates the impact of corporate governance on strategic information disclosure of Malaysian listed banks by using a panel data analysis. Good corporate governance is proxied by board leadership structure, board composition, board size, director ownership, institutional ownership and block ownership. Strategic information disclosure index is developed and content analysis is conducted by cross checking between the strategic information disclosed in the annual reports and the disclosure index developed by the researcher. The disclosure score used in this study is weighted disclosure score after considering the opinions of accountants and financial analysts who represent preparers and users of the accounting information respectively. INE_BZ (at 1% Sig. level, BOWN (at 5% Sig. level) and BLS and DOWN are in line with hypothesis while BZ (at 1% Sig. level) and IOWN are not. Thus, it can be concluded that separate board leadership structure, higher INE_BZ, higher BZ, lower DOWN, lower BOWN and lower IOWN have more strategic information disclosure. With regard to control variables, only LNTA has a significant impact on disclosure but the finding from leverage, i.e. TD_TE. The current prevailing situations in Malaysia are discussed to highlight the reasons behind these research findings.
format Conference or Workshop Item
author Htay, Sheila Nu Nu
Aung, Zaw Min
Ab. Rashid, Hafiz-Majdi
Adnan, Muhammad Akhyar
author_facet Htay, Sheila Nu Nu
Aung, Zaw Min
Ab. Rashid, Hafiz-Majdi
Adnan, Muhammad Akhyar
author_sort Htay, Sheila Nu Nu
title Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis
title_short Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis
title_full Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis
title_fullStr Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis
title_full_unstemmed Corporate governance and strategic information disclosure in Malaysian listed banks : panel data analysis
title_sort corporate governance and strategic information disclosure in malaysian listed banks : panel data analysis
publishDate 2011
url http://irep.iium.edu.my/26274/1/10.Corporate_governance_and_strategic_information_disclousre_in_Malaysia.pdf
http://irep.iium.edu.my/26274/2/10.pdf
http://irep.iium.edu.my/26274/
_version_ 1643609110173712384
score 13.211869

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