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The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory

This study examines the effect of political connections (PCONS) on firms’ disclosure of forward-looking information choices in the context of developing countries. Using multivariate regression of panel data comprising 360 firmyear observations of non-financial firms listed on Bursa Malaysia between...

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Main Authors: Rusli, Mas Nordiana, Mohd Saleh, Norman, Hassan, Mohamat Sabri, Bagaan Abdullah, Mohd Hafizuddin Shah
Format: Article
Language:English
Published: Universiti Utara Malaysia 2020
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/28120/1/IJMS%2027%282%29%2C%2047%E2%80%9376%282020%29.pdf
http://repo.uum.edu.my/28120/
http://www.ijms.uum.edu.my/index.php/current-issues
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spelling my.uum.repo.281202021-02-01T00:25:03Z http://repo.uum.edu.my/28120/ The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory Rusli, Mas Nordiana Mohd Saleh, Norman Hassan, Mohamat Sabri Bagaan Abdullah, Mohd Hafizuddin Shah HD28 Management. Industrial Management This study examines the effect of political connections (PCONS) on firms’ disclosure of forward-looking information choices in the context of developing countries. Using multivariate regression of panel data comprising 360 firmyear observations of non-financial firms listed on Bursa Malaysia betweenyears 2014 and 2017, PCONS are found to be positively associated with disclosure of forward-looking information. However, such relationship only exists for non-financial forward-looking information. Using the stakeholder salience theory to further contribute to the body of knowledge, the strength of the connections suggests that a high composition of politically-connected directors on the board promotes greater information about the future in firms’ disclosure. The common connection through ownership of firms in emerging countries suggests the effective role of institutional shareholders in improving forecasting activities through high disclosure of forward-looking information. The study suggests a better appreciation of the hierarchical role of politically-connected directors on the board of types of forward-looking information presented to the stakeholders. Universiti Utara Malaysia 2020 Article PeerReviewed application/pdf en http://repo.uum.edu.my/28120/1/IJMS%2027%282%29%2C%2047%E2%80%9376%282020%29.pdf Rusli, Mas Nordiana and Mohd Saleh, Norman and Hassan, Mohamat Sabri and Bagaan Abdullah, Mohd Hafizuddin Shah (2020) The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory. International Journal of Management Studies (IJMS), 27 (2). pp. 47-76. ISSN 0127-8983 http://www.ijms.uum.edu.my/index.php/current-issues
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Rusli, Mas Nordiana
Mohd Saleh, Norman
Hassan, Mohamat Sabri
Bagaan Abdullah, Mohd Hafizuddin Shah
The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
description This study examines the effect of political connections (PCONS) on firms’ disclosure of forward-looking information choices in the context of developing countries. Using multivariate regression of panel data comprising 360 firmyear observations of non-financial firms listed on Bursa Malaysia betweenyears 2014 and 2017, PCONS are found to be positively associated with disclosure of forward-looking information. However, such relationship only exists for non-financial forward-looking information. Using the stakeholder salience theory to further contribute to the body of knowledge, the strength of the connections suggests that a high composition of politically-connected directors on the board promotes greater information about the future in firms’ disclosure. The common connection through ownership of firms in emerging countries suggests the effective role of institutional shareholders in improving forecasting activities through high disclosure of forward-looking information. The study suggests a better appreciation of the hierarchical role of politically-connected directors on the board of types of forward-looking information presented to the stakeholders.
format Article
author Rusli, Mas Nordiana
Mohd Saleh, Norman
Hassan, Mohamat Sabri
Bagaan Abdullah, Mohd Hafizuddin Shah
author_facet Rusli, Mas Nordiana
Mohd Saleh, Norman
Hassan, Mohamat Sabri
Bagaan Abdullah, Mohd Hafizuddin Shah
author_sort Rusli, Mas Nordiana
title The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
title_short The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
title_full The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
title_fullStr The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
title_full_unstemmed The effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
title_sort effect of political connections on forward- looking information disclosure from the perspective of the stakeholder salience theory
publisher Universiti Utara Malaysia
publishDate 2020
url http://repo.uum.edu.my/28120/1/IJMS%2027%282%29%2C%2047%E2%80%9376%282020%29.pdf
http://repo.uum.edu.my/28120/
http://www.ijms.uum.edu.my/index.php/current-issues
_version_ 1691735340028526592
score 13.211869

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