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Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad

The sample of this study consists of Main Board companies listed on Bursa Malaysia from 1999 to 2001. This study investigates the effect of the issuance of the Malaysian Code on Corporate Governance (MCCG) on value relevance of accounting number. The main objective of this paper is to examine the ef...

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Main Authors: Jamaluddin, Adibah, Mastuki, Nor ’Azam, Ahmad, Asyaari Elmiza
Format: Article
Language:English
Published: Universiti Teknologi MARA, Shah Alam 2011
Subjects:
HA Statistics
Regression. Correlation
Online Access:http://ir.uitm.edu.my/id/eprint/43683/1/43683.pdf
http://ir.uitm.edu.my/id/eprint/43683/
https://jas.uitm.edu.my/index.php/14-archieve-2015/19-volume-8-no-1-june-2012
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spelling my.uitm.ir.436832021-03-18T02:26:09Z http://ir.uitm.edu.my/id/eprint/43683/ Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad Jamaluddin, Adibah Mastuki, Nor ’Azam Ahmad, Asyaari Elmiza HA Statistics Regression. Correlation The sample of this study consists of Main Board companies listed on Bursa Malaysia from 1999 to 2001. This study investigates the effect of the issuance of the Malaysian Code on Corporate Governance (MCCG) on value relevance of accounting number. The main objective of this paper is to examine the effect of leadership structure on the value relevance of equity book value and earnings following the corporate governance reform by employing the Ohlson (1995) Valuation Model and based on the methodology developed by Davis-Friday et al. (2006). The findings generally indicate that equity book value and earnings are value relevant in assisting investors to value firms’ equity. Mixed results for leadership structure were found where the value relevance of equity book value increase whilst the value relevance of earnings decrease when companies practice duality structure in 2000. It, therefore, implies that the role of CEO and Chairman of the board should be separated in order to improve the value relevance of earnings. In summary, the findings of this study provide evidence that the equity book value and earnings reported in the financial statement is value relevant in valuing Malaysian firms’ equity. More importantly, the recommendation by the MCCG to practice unitary leadership Universiti Teknologi MARA, Shah Alam 2011-06 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/43683/1/43683.pdf Jamaluddin, Adibah and Mastuki, Nor ’Azam and Ahmad, Asyaari Elmiza (2011) Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad. Journal of Administrative Science, 8 (1). pp. 33-45. ISSN 1675-1302 https://jas.uitm.edu.my/index.php/14-archieve-2015/19-volume-8-no-1-june-2012
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic HA Statistics
Regression. Correlation
spellingShingle HA Statistics
Regression. Correlation
Jamaluddin, Adibah
Mastuki, Nor ’Azam
Ahmad, Asyaari Elmiza
Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad
description The sample of this study consists of Main Board companies listed on Bursa Malaysia from 1999 to 2001. This study investigates the effect of the issuance of the Malaysian Code on Corporate Governance (MCCG) on value relevance of accounting number. The main objective of this paper is to examine the effect of leadership structure on the value relevance of equity book value and earnings following the corporate governance reform by employing the Ohlson (1995) Valuation Model and based on the methodology developed by Davis-Friday et al. (2006). The findings generally indicate that equity book value and earnings are value relevant in assisting investors to value firms’ equity. Mixed results for leadership structure were found where the value relevance of equity book value increase whilst the value relevance of earnings decrease when companies practice duality structure in 2000. It, therefore, implies that the role of CEO and Chairman of the board should be separated in order to improve the value relevance of earnings. In summary, the findings of this study provide evidence that the equity book value and earnings reported in the financial statement is value relevant in valuing Malaysian firms’ equity. More importantly, the recommendation by the MCCG to practice unitary leadership
format Article
author Jamaluddin, Adibah
Mastuki, Nor ’Azam
Ahmad, Asyaari Elmiza
author_facet Jamaluddin, Adibah
Mastuki, Nor ’Azam
Ahmad, Asyaari Elmiza
author_sort Jamaluddin, Adibah
title Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad
title_short Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad
title_full Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad
title_fullStr Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad
title_full_unstemmed Leadership structure and value relevance during corporate governance reform / Adibah Jamaluddin, Nor ’Azam Mastuki and Asyaari Elmiza Ahmad
title_sort leadership structure and value relevance during corporate governance reform / adibah jamaluddin, nor ’azam mastuki and asyaari elmiza ahmad
publisher Universiti Teknologi MARA, Shah Alam
publishDate 2011
url http://ir.uitm.edu.my/id/eprint/43683/1/43683.pdf
http://ir.uitm.edu.my/id/eprint/43683/
https://jas.uitm.edu.my/index.php/14-archieve-2015/19-volume-8-no-1-june-2012
_version_ 1695534699020025856
score 13.211869

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