Article2007

Determinants of firm level governance: Malaysian evidence

Akmalia Mohamad Ariff · Muhd Kamil Ibrahim · Radiah Othman

60 citations0/0 files storedCorporate Governance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Auditing, Earnings Management, Governance Corporate Governance and Financial Management

Abstract

Purpose The purpose of this paper is to provide an extension of the Corporate Governance Reporting Initiative (CGI) 2004, which reports on Malaysia's first corporate governance ratings. Characteristics of firms with high and low scores in the corporate governance ratings are analysed by comparing companies based on their corporate governance ranking as reported in the CGI. Design/methodology/approach Firms are classified into those at the top 50 percent and the bottom 50 percent of the corporate governance ratings list to examine whether there are any differences in the characteristics of firms in both classified samples. The characteristics of firms that are being examined are firms' profitability, leverage, growth, market valuation, size, age, ownership structure and countries of operation based on the Logit analysis. Findings The result shows that firm size has a strong influence with corporate governance ratings, but not so for other variables tested. Research limitations/implications This study analyses only eight corporate characteristics. There are other measures that can represent firms' size such as market capitalization. Practical implications It is hoped that the traits found from the analysis will be able to provide additional information concerning corporate governance to interested parties. The characteristics revealed may probably be found to be essential elements in the development of effective and efficient corporate governance structure. The study could also help corporations in their short‐ and long‐term strategies. Originality/value This study bridges the gap of previous studies by using a complete set of governance standards on the analysis and directly identifies firms with certain scores of corporate governance and addresses issues related to these exceptional companies.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 60 citations exist upstream.

References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1992The Cross-Section of Expected Stock Returns 1999Corporate Ownership Around the World 2003Corporate governance, investor protection, and performance in emerging markets 1998Corporate Ownership Around the World 2000BUSINESS GROUPS IN EMERGING ECONOMIES: A RESOURCE-BASED VIEW.2002Corporate Governance, Investor Protection and Performance in Emerging Markets 2003Propping and Tunneling

Cited by

2017Going back to go forward: on studying the determinants of corporate governance disclosure 2020Board of directors characteristics and disclosure practices of corporate social responsibility: a comparative study between Brazilian and Spanish companies 2013Do investors benefit from good corporate governance?2012CORPORATE GOVERNANCE AND FIRM PERFORMANCE OF LISTED COMPANIES IN MALAYSIA 2019Earnings management in private family versus non-family firms. The moderating effect of family business generation

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.