Citation

Joshi, Prem Lal and Liew, Chui Ling and Lim, Wei Yin and Deshmukh, Ashutosh (2016) Disclosure choices, corporate characteristics and compliance with IFRS Practice Statement Management Commentary: an empirical study of Malaysian listed companies. Global Business and Economics Review, 18 (6). p. 679. ISSN 1097-4954

Full text not available from this repository.

Abstract

The purpose of this study is to investigate the extent to which Management Commentary section in the annual reports of listed companies in Bursa Malaysia fulfils compliance requirements of IFRS's Practice Statement of 2010. Using a sample of 100 largest companies, we constructed a disclosure index from the annual reports, and used multiple regression to analyse data. The results indicate that the compliance with the Practice Statement is low as the compliance levels range from the low of 22% to the high of 67% with an average disclosure of 47.4%. The compliance pattern suggests that most firms, on average, place greater emphasis on disclosures regarding the internal workings of the firm but less so on the external factors and influences. We also report that firm profitability, institutional ownership, age of the firm, and consumer industry are the main determinants of Management Commentary disclosures in the Malaysian context.

Item Type:	Article
Uncontrolled Keywords:	management commentary, IFRS compliance, Malaysia, determinants, firm size, firm age, firm profitability, leverage, institutional ownership, compliance, disclosure choices, corporate characteristics, annual reports, consumer industry
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD2350.8-2356 Large industry. Factory system. Big business > HD2709-2930.7 Corporations. Including international business enterprises, diversification, industrial concentration, public utilities > HD2741 Holding companies. Corporate governance
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	09 Jul 2020 04:47
Last Modified:	09 Jul 2020 04:47
URII:	http://shdl.mmu.edu.my/id/eprint/6750

Downloads

Edit (login required)