Board independence and private information-based trading: evidence from Malaysia


Khong, Jiunn Shyan and Hooy, Chee Wooi and Lye, Chun Teck (2022) Board independence and private information-based trading: evidence from Malaysia. International Journal of Managerial Finance, 18 (3). pp. 466-487. ISSN 1743-9132

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This study investigates the effect of board independence on private information-based trading (PIBT) events. This study also examines the interaction effects of firm's disclosure quality and the statutory and demographic roles of independent directors and board diversity attributes, respectively, on the relationship between board independence and PIBT. Design/methodology/approach This study uses panel data of 811 non-financial public listed companies in Bursa Malaysia for the sample period 2009–2017. The dynamic general method of moments (DGMM) is used for the dynamic panel data estimation and to address the potential endogeneity problem.

Item Type: Article
Uncontrolled Keywords: Board independence, disclosure quality
Subjects: H Social Sciences > HF Commerce > HF5001-6182 Business > HF5801-6182 Advertising
Divisions: Faculty of Business (FOB)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 05 Jul 2022 06:58
Last Modified: 05 Jul 2022 06:58


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