The study investigates the inter-relationship between executive compensation, earnings management and over investment. Using a sample of 196 Malaysian public listed firms, the findings show a positive endogenous relationship between executive compensation and over investment. Measuring equity...

This study analyses the performance of cross-border mergers and acquisitions (CBMAs) in five East Asian countries using the event study method and key financial ratios. Although the results for average abnormal returns in Indonesia and Korea were inconclusive, the results for Malaysia, Thailand...

The study examines the interaction effects of large shareholder, capital structure and diversification on firm value. The findings show that diversification is non-linearly related to firm value. Although relatively large shareholder is found to be accountable for the negative diversification,...

The study addresses the argument of agency theory and transaction cost economics in one framework. It examines the interaction effects of large shareholders and diversification contingent on rent seeking environments such as intangible assets and industrial competition on firms' value. Based on...

The nature of the firm theory framework (Putterman,1993): - asymmetric information, agency conflicts and risk are applied as explanatory variables in this study of 147 Malaysian main board firms. Two aspects of ownership structure-concentration and identities are discussed. The notion that...

The primary objective of the current study is to investigate whether there is any manipulation of accounting earnings through discretionary accrual choices by acquiring firms in the period preceding the announcement and completion of acquisitions. The current study hypothesised that the process...

This study examines two issues relating to fraudulent financial reporting in Malaysia. The first issue examines factors involved with fraudulent financial reporting practices; i.e. predisposition (i.e. related party transactions, history of prior violations, founders on board), motive (i.e....

Design/methodology/approach –This study aims to evaluate the current practices conducted based on in-depth interviews with 16 Amanah Ikhtiar Malaysia (AIM) medium-level managers who were selected randomly, including branch managers and operational officers. All of the interviewees have two...

Purpose – The paper aims to examine the effect of good corporate governance practices on corporate transparency and performance of Malaysian listed companies. Design/methodology/approach – Samples were selected using matched-sampling method and hierarchical regression was employed to test...