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Ownership structure and directors’ compensation disclosure in Malaysia

In Malaysia, the issues of corporate governance, transparency and disclosure have been the focus of researchers particularly after the economic turmoil in 1997. Weakening corporate governance in many firms is one of the factors that contributed to the 1997 Asian financial crisis. This study mainly e...

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Main Authors: Esa E.B., Zahari A.R.
Other Authors: 55246857900
Format: Book Chapter
Published: World Scientific Publishing Co. 2023
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spelling my.uniten.dspace-219562023-05-16T10:46:17Z Ownership structure and directors’ compensation disclosure in Malaysia Esa E.B. Zahari A.R. 55246857900 57216607750 In Malaysia, the issues of corporate governance, transparency and disclosure have been the focus of researchers particularly after the economic turmoil in 1997. Weakening corporate governance in many firms is one of the factors that contributed to the 1997 Asian financial crisis. This study mainly examines how ownership structures are associated with the directors’compensation disclosure among 100 largest listed companies in Malaysia. A number of studies have looked into the ownership structure in Malaysian companies, however, none of the research has explored the issue of directors’ compensation disclosure. Disclosure and governance environment are found to be the predominant factors in enhancing firm value. Therefore, to avoid any pressure from regulatory authorities and to reduce the gap between management and investors, firms should disclose more. The study uses a directors’compensation disclosure checklist to score the items in the annual reports and multiple regression analysis to examine the association between ownership structure and the extent of directors’ compensation disclosure. The finding of this study revealed that the government ownership was positively associated and statistically significant at 1% level with the extent of directors’ compensation disclosure, while the percentage of family members on the board is negatively associated to the extent of directors’ compensation disclosure. © 2015 by World Scientific Publishing Co. Pte. Ltd. All rights reserved. Final 2023-05-16T02:46:17Z 2023-05-16T02:46:17Z 2014 Book Chapter 10.1142/9789814520386_0010 2-s2.0-84981176409 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84981176409&doi=10.1142%2f9789814520386_0010&partnerID=40&md5=ac7b8f476065fdf46dcc268342d2c33e https://irepository.uniten.edu.my/handle/123456789/21956 267 285 World Scientific Publishing Co. Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description In Malaysia, the issues of corporate governance, transparency and disclosure have been the focus of researchers particularly after the economic turmoil in 1997. Weakening corporate governance in many firms is one of the factors that contributed to the 1997 Asian financial crisis. This study mainly examines how ownership structures are associated with the directors’compensation disclosure among 100 largest listed companies in Malaysia. A number of studies have looked into the ownership structure in Malaysian companies, however, none of the research has explored the issue of directors’ compensation disclosure. Disclosure and governance environment are found to be the predominant factors in enhancing firm value. Therefore, to avoid any pressure from regulatory authorities and to reduce the gap between management and investors, firms should disclose more. The study uses a directors’compensation disclosure checklist to score the items in the annual reports and multiple regression analysis to examine the association between ownership structure and the extent of directors’ compensation disclosure. The finding of this study revealed that the government ownership was positively associated and statistically significant at 1% level with the extent of directors’ compensation disclosure, while the percentage of family members on the board is negatively associated to the extent of directors’ compensation disclosure. © 2015 by World Scientific Publishing Co. Pte. Ltd. All rights reserved.
author2 55246857900
author_facet 55246857900
Esa E.B.
Zahari A.R.
format Book Chapter
author Esa E.B.
Zahari A.R.
spellingShingle Esa E.B.
Zahari A.R.
Ownership structure and directors’ compensation disclosure in Malaysia
author_sort Esa E.B.
title Ownership structure and directors’ compensation disclosure in Malaysia
title_short Ownership structure and directors’ compensation disclosure in Malaysia
title_full Ownership structure and directors’ compensation disclosure in Malaysia
title_fullStr Ownership structure and directors’ compensation disclosure in Malaysia
title_full_unstemmed Ownership structure and directors’ compensation disclosure in Malaysia
title_sort ownership structure and directors’ compensation disclosure in malaysia
publisher World Scientific Publishing Co.
publishDate 2023
_version_ 1806426513796497408
score 13.222552

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