Abstract

http://ssrn.com/abstract=1857288
 
 

References (83)



 


 



The Value Relevance of Transparency and Corporate Governance in Malaysia Before and after the Asian Financial Crisis


Richard Donald Morris


University of New South Wales (UNSW) - School of Accounting

Tam Pham


affiliation not provided to SSRN

Sidney J. Gray


University of Sydney

June 2011

Abacus, Vol. 47, Issue 2, pp. 205-233, 2011

Abstract:     
This paper investigates whether the value relevance of financial reporting transparency and corporate governance in Malaysia increased after the Asian financial crisis of 1997. Our sample comprised 94 companies listed on the Kuala Lumpur Stock Exchange in both 1996 and 2001. The disclosure indexes were significantly value relevant for 2001 but not for 1996. Our corporate governance measure was also significantly value relevant for 2001 but not for 1996. Accordingly, it would appear that after the Asian financial crisis, investors have become more sensitized to transparency and corporate governance issues.

Number of Pages in PDF File: 29

Keywords: Asian financial crisis, Corporate governance, Malaysia, Transparency, Value relevance

Accepted Paper Series


Date posted: June 6, 2011  

Suggested Citation

Morris, Richard Donald and Pham, Tam and Gray, Sidney J., The Value Relevance of Transparency and Corporate Governance in Malaysia Before and after the Asian Financial Crisis (June 2011). Abacus, Vol. 47, Issue 2, pp. 205-233, 2011. Available at SSRN: http://ssrn.com/abstract=1857288 or http://dx.doi.org/10.1111/j.1467-6281.2011.00339.x

Contact Information

Richard Donald Morris (Contact Author)
University of New South Wales (UNSW) - School of Accounting ( email )
Sydney, NSW 2052
Australia
Tam Pham
affiliation not provided to SSRN
Sidney J. Gray
University of Sydney ( email )
University of Sydney
Sydney, NSW 2006
Australia
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