Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis

Prior research on listed companies in Malaysia, Hong Kong and Singapore during and before the 1997 financial crisis has reported a significant association between ownership structure and the extent of voluntary disclosure in annual reports. We examine data for Malaysia after the 1997 financial crisi...

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Main Authors:	Mohd Ghazali, Nazli Anum, Weetman, Pauline
Format:	Article
Language:	English
Published:	Elsevier 2006
Subjects:	HF5387 Business ethics HF5601 Accounting. Bookkeeping
Online Access:	http://irep.iium.edu.my/30480/ http://irep.iium.edu.my/30480/1/ACCAUD94.pdf

id	iium-30480
recordtype	eprints
spelling	iium-304802013-08-05T02:00:59Z http://irep.iium.edu.my/30480/ Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis Mohd Ghazali, Nazli Anum Weetman, Pauline HF5387 Business ethics HF5601 Accounting. Bookkeeping Prior research on listed companies in Malaysia, Hong Kong and Singapore during and before the 1997 financial crisis has reported a significant association between ownership structure and the extent of voluntary disclosure in annual reports. We examine data for Malaysia after the 1997 financial crisis to assess whether the regulatory reaction to the crisis increased the awareness of disclosure as a tool of corporate governance and reduced the influence of insider domination on voluntary disclosure. We contrast director ownership and government ownership as determinants of voluntary disclosure in Malaysian company annual reports. Additionally we include consideration of proprietary costs by testing whether industry competitiveness has an impact on voluntary disclosure. We find that director ownership is significantly associated with the extent of voluntary disclosure while government ownership, new governance initiatives and industry competitiveness are not significant in pointing companies towards greater transparency. We conclude that, despite the upheaval of the economic crisis, traditional influences of director ownership and family domination of the board outweigh the effect of government-backed accountability initiatives in determining the extent of voluntary disclosure. Elsevier 2006 Article PeerReviewed application/pdf en http://irep.iium.edu.my/30480/1/ACCAUD94.pdf Mohd Ghazali, Nazli Anum and Weetman, Pauline (2006) Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis. Journal of International Accounting Auditing and Taxation, 15 (2). pp. 226-248. ISSN 1061 - 9518
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5387 Business ethics HF5601 Accounting. Bookkeeping
spellingShingle	HF5387 Business ethics HF5601 Accounting. Bookkeeping Mohd Ghazali, Nazli Anum Weetman, Pauline Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
description	Prior research on listed companies in Malaysia, Hong Kong and Singapore during and before the 1997 financial crisis has reported a significant association between ownership structure and the extent of voluntary disclosure in annual reports. We examine data for Malaysia after the 1997 financial crisis to assess whether the regulatory reaction to the crisis increased the awareness of disclosure as a tool of corporate governance and reduced the influence of insider domination on voluntary disclosure. We contrast director ownership and government ownership as determinants of voluntary disclosure in Malaysian company annual reports. Additionally we include consideration of proprietary costs by testing whether industry competitiveness has an impact on voluntary disclosure. We find that director ownership is significantly associated with the extent of voluntary disclosure while government ownership, new governance initiatives and industry competitiveness are not significant in pointing companies towards greater transparency. We conclude that, despite the upheaval of the economic crisis, traditional influences of director ownership and family domination of the board outweigh the effect of government-backed accountability initiatives in determining the extent of voluntary disclosure.
format	Article
author	Mohd Ghazali, Nazli Anum Weetman, Pauline
author_facet	Mohd Ghazali, Nazli Anum Weetman, Pauline
author_sort	Mohd Ghazali, Nazli Anum
title	Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_short	Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_full	Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_fullStr	Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_full_unstemmed	Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis
title_sort	perpetuating traditional influences: voluntary disclosure in malaysia following the economic crisis
publisher	Elsevier
publishDate	2006
url	http://irep.iium.edu.my/30480/ http://irep.iium.edu.my/30480/1/ACCAUD94.pdf
first_indexed	2023-09-18T20:44:37Z
last_indexed	2023-09-18T20:44:37Z
_version_	1777409591953326080

Perpetuating traditional influences: voluntary disclosure in Malaysia following the economic crisis

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