Corporate Governance Quality, Incentive Factors and Voluntary Corporate Governance Disclosures in Annual Reports of Malaysian Publicly Listed Companies

Corporate Ownership & Control, 2012

Posted: 10 Nov 2019

See all articles by Norziana Lokman

Norziana Lokman

Universiti Teknologi MARA (UiTM)

Julie Cotter

University of Southern Queensland

Joseph M. Mula

Faculty of Business and Law, University of Southern Queensland

Date Written: 2012

Abstract

This paper investigates the relationship between corporate governance quality and voluntary disclosure of corporate governance information for listed companies in Malaysia. The moderating impacts of incentive factors (capital market transactions and stock-based incentives) on this relationship are also examined. Corporate governance quality is measured using a comprehensive index. The empirical evidence of this study is broadly consistent with the notion that high corporate governance quality is positively related to a greater extent of voluntary disclosure. Stock-based compensation significantly influences the relationship between corporate governance quality and voluntary disclosures; however the other incentive factors examined do not appear to influence the relationship.

Keywords: Corporate Governance Quality, Voluntary Disclosure, Incentive Factors, Malaysia

Suggested Citation

Lokman, Norziana and Cotter, Julie and Mula, Joseph M., Corporate Governance Quality, Incentive Factors and Voluntary Corporate Governance Disclosures in Annual Reports of Malaysian Publicly Listed Companies (2012). Corporate Ownership & Control, 2012, Available at SSRN: https://ssrn.com/abstract=3470481

Norziana Lokman (Contact Author)

Universiti Teknologi MARA (UiTM) ( email )

40450 Shah Alam
Selangor
Malaysia

Julie Cotter

University of Southern Queensland ( email )

Australian Centre for Sustainable Business and Dev
Toowoomba, 4350
Australia
+61 7 4631 2916 (Phone)
+61 7 4631 1770 (Fax)

HOME PAGE: http://www.usq.edu.au/users/cotter/

Joseph M. Mula

Faculty of Business and Law, University of Southern Queensland ( email )

Toowoomba 4350, Queensland
Australia

HOME PAGE: http://www.usq.edu.au

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