Show simple item record

dc.contributor.authorAripin, Norhani
dc.contributor.authorHo, Poh-Ling
dc.contributor.authorTower, Greg
dc.date.accessioned2017-01-30T11:41:58Z
dc.date.available2017-01-30T11:41:58Z
dc.date.created2015-05-25T20:00:23Z
dc.date.issued2014
dc.date.submitted2015-05-26
dc.identifier.citationAripin, N. and Ho, P. and Tower, G. 2014. The Masters' Control: How Ownership Structure Influences the Communication of Financial Ratios. Asian Journal of Business and Accounting. 7 (2): pp. 45-69.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/14169
dc.description.abstract

This study analyses the effect of the attributes of ownership structure and corporate governance on financial ratios disclosure in Malaysian listed firms’ annual reports over two key periods, 2001 and 2006. Overall, the extent of financial ratios disclosure has significantly increased from 12.2 per cent to 15.0 per cent. The highest level of financial ratios disclosure is for the sub-categories of Profitability, Cash Flow and Share Market Measures, whereas there is less information reported for Capital Structure and Liquidity ratios. Further, the analysis shows that the institutional ownership negatively influences the financial ratios disclosure for 2001; and foreign ownership is positively associated with financial ratios disclosure in 2006. Interestingly, family ownership appears to have no significant influence on the disclosure in either period. Ownership concentration, on the other hand has a positive association with financial ratios disclosure in 2001; this is the opposite direction than hypothesised. In addition, the corporate governance attributes have also influenced the financial ratios disclosure in 2001. As for control variables, firm size and profitability are found to have a positive relationship with financial ratios disclosure for both years. These findings provide evidence that the attributes of ownership structure and the implementation of sound corporate governance reduce the information asymmetry between management and stakeholders and therefore, further enhance transparency.

dc.publisherFaculty of Business and Accountancy, University of Malaya
dc.relationhttp://ajba.um.edu.my/filebank/published_article/7137/AJBA%207(2)-Aripin,%20Ho%20and%20Tower.pdf
dc.subjectFinancial Ratios Disclosure
dc.subjectMalaysia
dc.subjectCorporate Governance
dc.titleThe Masters' Control: How Ownership Structure Influences the Communication of Financial Ratios
dc.typeJournal Article
dcterms.dateSubmitted2015-05-26
dcterms.source.volume7
dcterms.source.number2
dcterms.source.startPage45
dcterms.source.endPage69
dcterms.source.issn1985-4064
dcterms.source.titleAsian Journal of Business and Accounting
curtin.digitool.pid226704
curtin.note

Reproduced with permission

curtin.pubStatusPublished
curtin.refereedTRUE
curtin.identifier.scriptidPUB-SAR-DIV-PH-88113
curtin.accessStatusOpen access


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record