 Corporate governance, ownership structure and voluntary disclosure: evidence from listed firms in MalaysiaPoh-Ling Ho, Greg Tower and Grantley Taylor Afro-Asian Journal of Finance and Accounting, 2013, vol. 3, issue 4, 319-340 Abstract: This paper examines the impact of corporate governance and ownership structure on voluntary disclosure practices of Malaysian listed firms. The extent of voluntary disclosure is determined for a matched-sample of 100 listed firms in three different disclosure regimes during 1996, 2001 and 2006. The findings suggest that regulatory reforms over the 1996 to 2006 period resulted in enhanced corporate transparency and accountability as reflected in more extensive voluntary disclosures. We provide empirical evidence that the extent of voluntary disclosures is significantly associated with the strength of corporate governance structure in 2001 and 2006 and with ownership structure in 1996, 2001 and 1996. The findings of this study are of use to regulators in terms of guiding policy development regarding corporate transparency of publicly listed firms. Keywords: voluntary disclosure; corporate governance; ownership structure; disclosure-based regime; DBR; ownership concentration; agency theory; Malaysian Code of Corporate Governance; MCCG; corporate transparency; accountability; corporate communication; Malaysia. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:afasfa:v:3:y:2013:i:4:p:319-340 Access Statistics for this article More articles in Afro-Asian Journal of Finance and Accounting from Inderscience Enterprises Ltd |
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