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Financial accounting disclosures and corporate governance in Malaysia

Beh, Chooi San (2009) Financial accounting disclosures and corporate governance in Malaysia. Other Degree thesis, Victoria University.

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Abstract

The paper is on Malaysia, an emerging market, which had enjoyed strong economic activity with growth of 8-9% p.a. for a decade before the Asian financial crisis hit the region in 1997. The local currencies in the region came under pressure as capital took flight from the region. Credit and trade receivables became difficult. Assets and share values plunged dramatically as demand fell. A number of companies which had expanded rapidly through acquisitions and diversification with heavy borrowings in the past became insolvent. Investors and other stakeholders lost money with the failure of the companies. Many blamed the inadequate financial information and poor corporate governance as agency issues for their loss. Using the data of companies with poor earnings that were subsequently placed on the KLSE PN4 list, the study confirmed previous studies that earnings affect share prices. The share prices fell with negative earnings and remained low with declining earnings up to the PN4 announcements in 2001. Earnings management was evidenced by the use of the statistical model and the high standard deviation. There was, however, a marked change in 2005. Good management practices and transparency in financial information promotes growth.

Item Type: Thesis (Other Degree thesis)
Additional Information:

Doctor of Business Administration

Uncontrolled Keywords: Malaysia, financial accounting, corporate governance, disclosure
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
RFCD Classification > 340000 Economics
Depositing User: Ms Lyn Wade
Date Deposited: 14 Oct 2009 04:32
Last Modified: 23 May 2013 16:41
URI: http://vuir.vu.edu.au/id/eprint/15210
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