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Impact of corporate governance mechanism on financial performance of Malaysia listed firms

Purpose- To investigate the elements of effective corporate governance mechanism that includes board attributes and disclosure of key audit matter impact on financial performance of companies listed in Bursa Malaysia (Malaysia Stock Exchange) during the year 2016 to 2019 Design/Methodology-This stu...

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Main Author: Anusiah, Ramanmuthi
Format: Thesis
Language:English
English
Published: 2022
Subjects:
HD2709-2930.7 Corporations
HF5601-5689 Accounting
HG Finance
Online Access:https://etd.uum.edu.my/10772/1/s827375_01.pdf
https://etd.uum.edu.my/10772/2/s827375_02.pdf
https://etd.uum.edu.my/10772/
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spelling my.uum.etd.107722023-11-26T02:56:42Z https://etd.uum.edu.my/10772/ Impact of corporate governance mechanism on financial performance of Malaysia listed firms Anusiah, Ramanmuthi HD2709-2930.7 Corporations HF5601-5689 Accounting HG Finance Purpose- To investigate the elements of effective corporate governance mechanism that includes board attributes and disclosure of key audit matter impact on financial performance of companies listed in Bursa Malaysia (Malaysia Stock Exchange) during the year 2016 to 2019 Design/Methodology-This study uses descriptive statistics, inferential statistics which includes of Pearson Correlation and Multiple Regression analysis to examine the influence of board attributes (board size, board independence, board gender diversity) and key audit matter disclosure on the dependent variable (return on asset and return on equity). Findings- The findings indicate post controlling the board attributes and key audit matter, there is insignificant association with the board size, board independence and board gender diversity on the firm’s performance. However, the findings indicate there is relationship between key audit matter disclosure and the firm’s performance. Research limitations- Limited to investigation of the relationship between board attributes and key audit matters on firm’s performance. It excludes the other governance attributes. Studies also limited as period of studies is from 2016 to 2019. There is need for prolonged studies and increased observation sample. Practical implications-The findings of this paper are able to describe the impact of board attributes and key audit matter disclosure on financial performance of Malaysia listed firms which would provide useful insights to many of the actors in the markets such as issuers, investors and policymakers which can be relied upon in making strategic decisions to issue and invest in Malaysian market. Furthermore, this research could prove to be useful for regulators as they are responsible for the acceptable level of corporate governance standards. Originality/Value-This study contributes to the body of knowledge by focusing heavily on enhancing firm’s performance by reducing conflict of interest between board of directors, auditors, and shareholders in Malaysia. Additionally, this study benefits from the agency theory and resource dependency theory to provide evidence on the effect of board attributes and key audit matter disclosure on Malaysia listed firms. 2022 Thesis NonPeerReviewed text en https://etd.uum.edu.my/10772/1/s827375_01.pdf text en https://etd.uum.edu.my/10772/2/s827375_02.pdf Anusiah, Ramanmuthi (2022) Impact of corporate governance mechanism on financial performance of Malaysia listed firms. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HD2709-2930.7 Corporations
HF5601-5689 Accounting
HG Finance
spellingShingle HD2709-2930.7 Corporations
HF5601-5689 Accounting
HG Finance
Anusiah, Ramanmuthi
Impact of corporate governance mechanism on financial performance of Malaysia listed firms
description Purpose- To investigate the elements of effective corporate governance mechanism that includes board attributes and disclosure of key audit matter impact on financial performance of companies listed in Bursa Malaysia (Malaysia Stock Exchange) during the year 2016 to 2019 Design/Methodology-This study uses descriptive statistics, inferential statistics which includes of Pearson Correlation and Multiple Regression analysis to examine the influence of board attributes (board size, board independence, board gender diversity) and key audit matter disclosure on the dependent variable (return on asset and return on equity). Findings- The findings indicate post controlling the board attributes and key audit matter, there is insignificant association with the board size, board independence and board gender diversity on the firm’s performance. However, the findings indicate there is relationship between key audit matter disclosure and the firm’s performance. Research limitations- Limited to investigation of the relationship between board attributes and key audit matters on firm’s performance. It excludes the other governance attributes. Studies also limited as period of studies is from 2016 to 2019. There is need for prolonged studies and increased observation sample. Practical implications-The findings of this paper are able to describe the impact of board attributes and key audit matter disclosure on financial performance of Malaysia listed firms which would provide useful insights to many of the actors in the markets such as issuers, investors and policymakers which can be relied upon in making strategic decisions to issue and invest in Malaysian market. Furthermore, this research could prove to be useful for regulators as they are responsible for the acceptable level of corporate governance standards. Originality/Value-This study contributes to the body of knowledge by focusing heavily on enhancing firm’s performance by reducing conflict of interest between board of directors, auditors, and shareholders in Malaysia. Additionally, this study benefits from the agency theory and resource dependency theory to provide evidence on the effect of board attributes and key audit matter disclosure on Malaysia listed firms.
format Thesis
author Anusiah, Ramanmuthi
author_facet Anusiah, Ramanmuthi
author_sort Anusiah, Ramanmuthi
title Impact of corporate governance mechanism on financial performance of Malaysia listed firms
title_short Impact of corporate governance mechanism on financial performance of Malaysia listed firms
title_full Impact of corporate governance mechanism on financial performance of Malaysia listed firms
title_fullStr Impact of corporate governance mechanism on financial performance of Malaysia listed firms
title_full_unstemmed Impact of corporate governance mechanism on financial performance of Malaysia listed firms
title_sort impact of corporate governance mechanism on financial performance of malaysia listed firms
publishDate 2022
url https://etd.uum.edu.my/10772/1/s827375_01.pdf
https://etd.uum.edu.my/10772/2/s827375_02.pdf
https://etd.uum.edu.my/10772/
_version_ 1783881161805660160
score 13.211869

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