Importance of Corporate Governance Quality and Voluntary Disclosure of Corporate Governance Information in Listed Malaysian Family Controlled Business

International Journal of Sustainable Development & World Policy, 2014

Posted: 10 Nov 2019

See all articles by Norziana Lokman

Norziana Lokman

Universiti Teknologi MARA (UiTM)

Joseph M. Mula

Faculty of Business and Law, University of Southern Queensland

Julie Cotter

University of Southern Queensland

Date Written: October 1, 2014

Abstract

This paper investigates the impact of family control on the association between corporate governance quality and voluntary disclosures of corporate governance information of publicly listed Malaysian family controlled businesses. In addition, the impact of incentive factors are also examined for both family and non-family controlled businesses in relation to voluntary disclosures. The findings suggest that the positive association between corporate governance quality and voluntary disclosures is weaker in family controlled businesses. Stock-based compensation significantly impacts the association.

Keywords: Family controlled business, Corporate governance quality, Voluntary disclosure, Incentive factors, Agency theory, Signalling theory

Suggested Citation

Lokman, Norziana and Mula, Joseph M. and Cotter, Julie, Importance of Corporate Governance Quality and Voluntary Disclosure of Corporate Governance Information in Listed Malaysian Family Controlled Business (October 1, 2014). International Journal of Sustainable Development & World Policy, 2014, Available at SSRN: https://ssrn.com/abstract=3470490

Norziana Lokman (Contact Author)

Universiti Teknologi MARA (UiTM) ( email )

40450 Shah Alam
Selangor
Malaysia

Joseph M. Mula

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

Toowoomba 4350, Queensland
Australia

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

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/

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