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Corporate governance quality, incentive factors and voluntary corporate governance disclosures in annual reports of Malaysian publicly listed companies

机译:马来西亚上市公司年报中的公司治理质量,激励因素和自愿公司治理披露

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摘要

This paper investigates the relationship between corporate governance quality and voluntary disclosure of corporate governance information for listed companies in Malaysia. The moderating impacts of incentive factors (capital market transactions and stock-based incentives) on this relationship are also examined. Corporate governance quality is measured using a comprehensive index. The empirical evidence of this study is broadly consistent with the notion that high corporate governance quality is positively related to a greater extent of voluntary disclosure. Stock-based compensation significantly influences the relationship between corporate governance quality and voluntary disclosures; however the other incentive factors examined do not appear to influence the relationship.
机译:本文调查了马来西亚上市公司的公司治理质量与自愿披露公司治理信息之间的关系。还研究了激励因素(资本市场交易和基于股票的激励)对这种关系的适度影响。公司治理质量使用综合指标衡量。这项研究的经验证据与高公司治理质量与更大范围的自愿披露呈正相关的观点基本一致。基于股票的薪酬极大地影响了公司治理质量与自愿披露之间的关系;但是检查的其他激励因素似乎并未影响这种关系。

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