The extent of disclosure on implicit capital and firm's characteristics: Malaysian experience

Debasis Bagchi, Prem Lal Joshi and Nik Mohamad Zaki Nik Salleh

International Journal of Learning and Intellectual Capital, 2015, vol. 12, issue 2, 170-192

Abstract: We conduct a study based on disclosure index constructed on implicit capital. Very limited studies have been reported in this segment. The study explores whether the firms are truly revealing those information that are likely to be contributing to the growth and survival of the firm. The sample consists of 114 companies belonging to various industry segments, listed on Malaysian Bursa Stock Exchange, in 2012. Twenty factors are identified that are responsible for keeping the firm competitive. Six hypotheses are built up and are tested using, OLS, stepwise and rank regressions. We find no impact of independent directors, size of the firms as also market performance of the firm, on the quality and quantity of disclosure, but find profitability and good performance of the management of the firms are important factors for higher disclosure, while leverage induces a very low positive impact on disclosures of information on implicit capital.

Keywords: corporate regulation; regulatory standards; disclosure index; implicit capital; regression; financial disclosure; firm characteristics; Malaysia; independent directors; firm size; market performance; firm performance; profitability; management performance; financial statements. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=68986 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijlica:v:12:y:2015:i:2:p:170-192

Access Statistics for this article

More articles in International Journal of Learning and Intellectual Capital from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().