Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai

The political economy shaped the ownership structure of corporations in Malaysia. The rapid growth of the economy has not diluted the concentrated ownership structure in the Malaysian firms. Malaysia has its own unique feature of ownership structured firms which can be divided into politically c...

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Main Authors:	Ismail Khan, Norziaton, Selvaraj Devi, Susela, Wai, Meng Chan
Format:	Article
Language:	English
Published:	Penerbit UiTM 2019
Subjects:	Corporate organization. Corporate governance Industrial policy. Government purchasing Organization
Online Access:	http://ir.uitm.edu.my/id/eprint/27560/ http://ir.uitm.edu.my/id/eprint/27560/1/AJ_I.K.%20NORZIATON%20SMRJ%2019.pdf

id	uitm-27560
recordtype	eprints
spelling	uitm-275602020-01-22T02:38:47Z http://ir.uitm.edu.my/id/eprint/27560/ Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai Ismail Khan, Norziaton Selvaraj Devi, Susela Wai, Meng Chan Corporate organization. Corporate governance Industrial policy. Government purchasing Organization The political economy shaped the ownership structure of corporations in Malaysia. The rapid growth of the economy has not diluted the concentrated ownership structure in the Malaysian firms. Malaysia has its own unique feature of ownership structured firms which can be divided into politically connected (PCON) firms, institutional ownership and managerial ownership (INST&MGRL) firms, and family ownership (FAMILY) firms. The purpose of this paper is to investigate whether PCON, INST&MGR and FAMILY firms are associated with higher audit fees. This study also examines the association between audit committee characteristicsIND, DIL and EXP and audit fees based on the revamped Bursa Listing Requirementsin 2008, which focus on audit committee characteristics. Using data from 567 firm-year observations from years 2008 to 2010, we find that PCON firms pay higher audit fees than INST&MGRL and FAMILY firms. Further, the association between audit committee IND, DIL and EXP and audit fees is positive and significant for PCON firms, suggesting that the government intervention is expected to produce better governance and improve the firm’s business performance. Thisis because the government has given much attention and initiatives to ensure that these firms perform in an effective way and assist the government to improve the economic growth. Penerbit UiTM 2019 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/27560/1/AJ_I.K.%20NORZIATON%20SMRJ%2019.pdf Ismail Khan, Norziaton and Selvaraj Devi, Susela and Wai, Meng Chan (2019) Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai. Social and Management Research Journal, 16 (2). pp. 79-106. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Corporate organization. Corporate governance Industrial policy. Government purchasing Organization
spellingShingle	Corporate organization. Corporate governance Industrial policy. Government purchasing Organization Ismail Khan, Norziaton Selvaraj Devi, Susela Wai, Meng Chan Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai
description	The political economy shaped the ownership structure of corporations in Malaysia. The rapid growth of the economy has not diluted the concentrated ownership structure in the Malaysian firms. Malaysia has its own unique feature of ownership structured firms which can be divided into politically connected (PCON) firms, institutional ownership and managerial ownership (INST&MGRL) firms, and family ownership (FAMILY) firms. The purpose of this paper is to investigate whether PCON, INST&MGR and FAMILY firms are associated with higher audit fees. This study also examines the association between audit committee characteristicsIND, DIL and EXP and audit fees based on the revamped Bursa Listing Requirementsin 2008, which focus on audit committee characteristics. Using data from 567 firm-year observations from years 2008 to 2010, we find that PCON firms pay higher audit fees than INST&MGRL and FAMILY firms. Further, the association between audit committee IND, DIL and EXP and audit fees is positive and significant for PCON firms, suggesting that the government intervention is expected to produce better governance and improve the firm’s business performance. Thisis because the government has given much attention and initiatives to ensure that these firms perform in an effective way and assist the government to improve the economic growth.
format	Article
author	Ismail Khan, Norziaton Selvaraj Devi, Susela Wai, Meng Chan
author_facet	Ismail Khan, Norziaton Selvaraj Devi, Susela Wai, Meng Chan
author_sort	Ismail Khan, Norziaton
title	Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai
title_short	Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai
title_full	Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai
title_fullStr	Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai
title_full_unstemmed	Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai
title_sort	ownership structured firms in malaysia: audit committee characteristics and audit fees / norziaton ismail khan, susela selvaraj devi and meng chan wai
publisher	Penerbit UiTM
publishDate	2019
url	http://ir.uitm.edu.my/id/eprint/27560/ http://ir.uitm.edu.my/id/eprint/27560/1/AJ_I.K.%20NORZIATON%20SMRJ%2019.pdf
first_indexed	2023-09-18T23:18:35Z
last_indexed	2023-09-18T23:18:35Z
_version_	1777419278664859648

Ownership structured firms in Malaysia: audit committee characteristics and audit fees / Norziaton Ismail Khan, Susela Selvaraj Devi and Meng Chan Wai

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