Determinants Of Early Adoption Of Frs 114 (Segment Reporting) In Malaysia
This study seeks to find out whether there are systematic differences between early adopters and a matched control group of non early adopters of FRS 114 (Segment Reporting) based on the following company characteristics: (1) firm size, (2) board characteristics, (3) leverage, (4) audit firm size...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2005
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| Subjects: | |
| Online Access: | http://eprints.usm.my/35845/1/AAMJ_10-2-1.pdf http://eprints.usm.my/35845/ http://web.usm.my/aamj/10.2.2005/AAMJ%2010-2-1.pdf |
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| Summary: | This study seeks to find out whether there are systematic differences between early
adopters and a matched control group of non early adopters of FRS 114 (Segment
Reporting) based on the following company characteristics: (1) firm size, (2) board
characteristics, (3) leverage, (4) audit firm size, and (5) firm growth rate. Using a sample
of 32 early adopters and without differentiating whether they disclose the required
segment information in full or partially and a control group of 32 non early adopters, our
findings indicate company with higher proportion of non executive directors, particularly
non independent non executives, is more likely to adopt FRS 114 before the effective date.
When early adopters are further classified into full or partial adopters, the result shows
that full early adopters are significantly larger (in terms of total assets) than non early
adopters. However, when comparing between partial early adopters and non early
adopters, the evidence suggests that partial early adopters are significantly smaller in
size than non early adopters. We find no evidence to indicate that there are significant
differences between full early adopters, partial early adopters and non early adopters in
terms of board size, board leadership, independent directors, audit firm size, leverage
and firm growth rate. |
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