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Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis

Prior research on listed companies in Malaysia, Hong Kong and Singapore during and before the 1997 financial crisis has reported a significant association between ownership structure and the extent of voluntary disclosure in annual reports. We examine data for Malaysia after the 1997 financial crisi...

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Main Authors: Mohd Ghazali, Nazli Anum, Weetman, Pauline
Format: Article
Language:English
Published: Elsevier 2006
Subjects:
HF5387 Business ethics
HF5601 Accounting. Bookkeeping
Online Access:http://irep.iium.edu.my/30480/1/ACCAUD94.pdf
http://irep.iium.edu.my/30480/
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spelling my.iium.irep.304802013-08-05T02:00:59Z http://irep.iium.edu.my/30480/ Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis Mohd Ghazali, Nazli Anum Weetman, Pauline HF5387 Business ethics HF5601 Accounting. Bookkeeping Prior research on listed companies in Malaysia, Hong Kong and Singapore during and before the 1997 financial crisis has reported a significant association between ownership structure and the extent of voluntary disclosure in annual reports. We examine data for Malaysia after the 1997 financial crisis to assess whether the regulatory reaction to the crisis increased the awareness of disclosure as a tool of corporate governance and reduced the influence of insider domination on voluntary disclosure. We contrast director ownership and government ownership as determinants of voluntary disclosure in Malaysian company annual reports. Additionally we include consideration of proprietary costs by testing whether industry competitiveness has an impact on voluntary disclosure. We find that director ownership is significantly associated with the extent of voluntary disclosure while government ownership, new governance initiatives and industry competitiveness are not significant in pointing companies towards greater transparency. We conclude that, despite the upheaval of the economic crisis, traditional influences of director ownership and family domination of the board outweigh the effect of government-backed accountability initiatives in determining the extent of voluntary disclosure. Elsevier 2006 Article REM application/pdf en http://irep.iium.edu.my/30480/1/ACCAUD94.pdf Mohd Ghazali, Nazli Anum and Weetman, Pauline (2006) Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis. Journal of International Accounting Auditing and Taxation, 15 (2). pp. 226-248. ISSN 1061 - 9518
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
topic HF5387 Business ethics
HF5601 Accounting. Bookkeeping
spellingShingle HF5387 Business ethics
HF5601 Accounting. Bookkeeping
Mohd Ghazali, Nazli Anum
Weetman, Pauline
Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
description Prior research on listed companies in Malaysia, Hong Kong and Singapore during and before the 1997 financial crisis has reported a significant association between ownership structure and the extent of voluntary disclosure in annual reports. We examine data for Malaysia after the 1997 financial crisis to assess whether the regulatory reaction to the crisis increased the awareness of disclosure as a tool of corporate governance and reduced the influence of insider domination on voluntary disclosure. We contrast director ownership and government ownership as determinants of voluntary disclosure in Malaysian company annual reports. Additionally we include consideration of proprietary costs by testing whether industry competitiveness has an impact on voluntary disclosure. We find that director ownership is significantly associated with the extent of voluntary disclosure while government ownership, new governance initiatives and industry competitiveness are not significant in pointing companies towards greater transparency. We conclude that, despite the upheaval of the economic crisis, traditional influences of director ownership and family domination of the board outweigh the effect of government-backed accountability initiatives in determining the extent of voluntary disclosure.
format Article
author Mohd Ghazali, Nazli Anum
Weetman, Pauline
author_facet Mohd Ghazali, Nazli Anum
Weetman, Pauline
author_sort Mohd Ghazali, Nazli Anum
title Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_short Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_full Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_fullStr Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_full_unstemmed Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_sort perpetuating traditional influences: voluntary disclosure in malaysia following the economic crisis
publisher Elsevier
publishDate 2006
url http://irep.iium.edu.my/30480/1/ACCAUD94.pdf
http://irep.iium.edu.my/30480/
_version_ 1643609879253876736
score 13.211869

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