Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks

Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks

Without doubt, higher performance is the ultimate objective of any business entity while minimizing the risk and informing the investors the transparent information of the business. In this paper we show a new way of thinking that will fulfill the ultimate interests of the banks due to the efforts...

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Main Authors: Htay, Sheila Nu Nu, Sufian, Fadzlan
Format: Conference or Workshop Item
Language:English
Published: 2012
Subjects:
HG1501 Banking
Online Access:http://irep.iium.edu.my/28276/
http://irep.iium.edu.my/28276/
http://irep.iium.edu.my/28276/1/Sheila_conference_paper.pdf
id iium-28276
recordtype eprints
spelling iium-282762013-09-13T06:58:02Z http://irep.iium.edu.my/28276/ Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks Htay, Sheila Nu Nu Sufian, Fadzlan HG1501 Banking Without doubt, higher performance is the ultimate objective of any business entity while minimizing the risk and informing the investors the transparent information of the business. In this paper we show a new way of thinking that will fulfill the ultimate interests of the banks due to the efforts of management such as being higher market value of the firms, taking less risk and providing higher level of disclosure for the stakeholders in general and the shareholders, in particular. We use simultaneous relationship among market performance, risk and disclosure quality of twelve Malaysian listed banks over a period of ten years from 1996 until 2005. Tobin’Q, standard deviation of monthly stock return and weighted disclosure score are analyzed. Three theories, namely, signaling theory, risk and return theory and market discipline theory are tested and only market discipline theory is found to be significant indicating that banks are highly regulated compared to other industries, especially in terms of risk factors and information disclosure. 2012 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/28276/1/Sheila_conference_paper.pdf Htay, Sheila Nu Nu and Sufian, Fadzlan (2012) Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks. In: "International Islamic Accounting and Finance Conference 2012", 19-21 November 2012, Hotel Istana, Kuala Lumpur. http://ari.uitm.edu.my/conferences/2012/726-international-islamic-acounting-conference-2012.html
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG1501 Banking
spellingShingle HG1501 Banking
Htay, Sheila Nu Nu
Sufian, Fadzlan
Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks
description Without doubt, higher performance is the ultimate objective of any business entity while minimizing the risk and informing the investors the transparent information of the business. In this paper we show a new way of thinking that will fulfill the ultimate interests of the banks due to the efforts of management such as being higher market value of the firms, taking less risk and providing higher level of disclosure for the stakeholders in general and the shareholders, in particular. We use simultaneous relationship among market performance, risk and disclosure quality of twelve Malaysian listed banks over a period of ten years from 1996 until 2005. Tobin’Q, standard deviation of monthly stock return and weighted disclosure score are analyzed. Three theories, namely, signaling theory, risk and return theory and market discipline theory are tested and only market discipline theory is found to be significant indicating that banks are highly regulated compared to other industries, especially in terms of risk factors and information disclosure.
format Conference or Workshop Item
author Htay, Sheila Nu Nu
Sufian, Fadzlan
author_facet Htay, Sheila Nu Nu
Sufian, Fadzlan
author_sort Htay, Sheila Nu Nu
title Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks
title_short Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks
title_full Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks
title_fullStr Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks
title_full_unstemmed Simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from Malaysian listed banks
title_sort simultaneous relationship among market performance,risk and disclosure quality:empirical evidence from malaysian listed banks
publishDate 2012
url http://irep.iium.edu.my/28276/
http://irep.iium.edu.my/28276/
http://irep.iium.edu.my/28276/1/Sheila_conference_paper.pdf
first_indexed 2023-09-18T20:41:46Z
last_indexed 2023-09-18T20:41:46Z
_version_ 1777409412835573760

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