Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis

Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis

Corporate governance issue has attracted the researchers, especially the Malaysian researchers due to the 1997-1998 economic crises. Furthermore, it is undeniable that the banking sector is the heart of the economy in any country since it is the main source in mobilizing the monetary system. Thus, t...

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Main Author: Htay, Sheila Nu Nu
Format: Article
Language:English
Published: World Business Institute 2012
Subjects:
HG1501 Banking
Online Access:http://irep.iium.edu.my/26257/
http://irep.iium.edu.my/26257/
http://irep.iium.edu.my/26257/1/1.Corporate_governance_and_strategic_information_disclsoure_in_Malaysian_listed_banks_Panel_data_analysis.pdf
id iium-26257
recordtype eprints
spelling iium-262572012-11-06T05:33:35Z http://irep.iium.edu.my/26257/ Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis Htay, Sheila Nu Nu HG1501 Banking Corporate governance issue has attracted the researchers, especially the Malaysian researchers due to the 1997-1998 economic crises. Furthermore, it is undeniable that the banking sector is the heart of the economy in any country since it is the main source in mobilizing the monetary system. Thus, this study investigates the impact of corporate governance on strategic information disclosure of Malaysian listed banks by using a panel data analysis. Good corporate governance is proxied by board leadership structure, board composition, board size, director ownership, institutional ownership and block ownership. Strategic information disclosure index is developed and content analysis is conducted by cross checking between the strategic information disclosed in the annual reports and the disclosure index developed by the researcher. The disclosure score used in this study is weighted disclosure score after considering the opinions of accountants and financial analysts who represent preparers and users of the accounting information respectively. INE_BZ (at 1% Sig. level, BOWN (at 5% Sig. level) and BLS and DOWN are in line with hypothesis while BZ (at 1% Sig. level) and IOWN are not. Thus, it can be concluded that separate board leadership structure, higher INE_BZ, higher BZ, lower DOWN, lower BOWN and lower IOWN have more strategic information disclosure. With regard to control variables, only LNTA has a significant impact on disclosure but the finding from leverage, i.e. TD_TE. The current prevailing situations in Malaysia are discussed to highlight the reasons behind these research findings. World Business Institute 2012-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/26257/1/1.Corporate_governance_and_strategic_information_disclsoure_in_Malaysian_listed_banks_Panel_data_analysis.pdf Htay, Sheila Nu Nu (2012) Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis. International Review of Business Research Papers, 8 (1). pp. 196-210. ISSN 1832-9543 (O), 1837-5685 (P) http://www.bizresearchpapers.com/11.%20Sheila.pdf
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
Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis
description Corporate governance issue has attracted the researchers, especially the Malaysian researchers due to the 1997-1998 economic crises. Furthermore, it is undeniable that the banking sector is the heart of the economy in any country since it is the main source in mobilizing the monetary system. Thus, this study investigates the impact of corporate governance on strategic information disclosure of Malaysian listed banks by using a panel data analysis. Good corporate governance is proxied by board leadership structure, board composition, board size, director ownership, institutional ownership and block ownership. Strategic information disclosure index is developed and content analysis is conducted by cross checking between the strategic information disclosed in the annual reports and the disclosure index developed by the researcher. The disclosure score used in this study is weighted disclosure score after considering the opinions of accountants and financial analysts who represent preparers and users of the accounting information respectively. INE_BZ (at 1% Sig. level, BOWN (at 5% Sig. level) and BLS and DOWN are in line with hypothesis while BZ (at 1% Sig. level) and IOWN are not. Thus, it can be concluded that separate board leadership structure, higher INE_BZ, higher BZ, lower DOWN, lower BOWN and lower IOWN have more strategic information disclosure. With regard to control variables, only LNTA has a significant impact on disclosure but the finding from leverage, i.e. TD_TE. The current prevailing situations in Malaysia are discussed to highlight the reasons behind these research findings.
format Article
author Htay, Sheila Nu Nu
author_facet Htay, Sheila Nu Nu
author_sort Htay, Sheila Nu Nu
title Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis
title_short Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis
title_full Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis
title_fullStr Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis
title_full_unstemmed Corporate governance and strategic information disclosure in Malaysian listed banks: panel data analysis
title_sort corporate governance and strategic information disclosure in malaysian listed banks: panel data analysis
publisher World Business Institute
publishDate 2012
url http://irep.iium.edu.my/26257/
http://irep.iium.edu.my/26257/
http://irep.iium.edu.my/26257/1/1.Corporate_governance_and_strategic_information_disclsoure_in_Malaysian_listed_banks_Panel_data_analysis.pdf
first_indexed 2023-09-18T20:39:08Z
last_indexed 2023-09-18T20:39:08Z
_version_ 1777409246897373184

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