Code of corporate governance as a catalyst to companies’ performances: A review of Malaysian experience

This study aims to highlight whether the implementation of Malaysian Code of Corporate Governance in 2000 and the revise version in 2007 triggers a favourable impact to Malaysian Bourse listed companies’ performances.This study sets apart from prior studies by providing evidence on value relevance o...

Full description

Saved in:
Bibliographic Details
Main Authors: Ghazali, Zahiruddin, Abdul Manab, Norlida
Format: Article
Language:English
Published: World Business Institute, Australia 2014
Subjects:
Online Access:http://repo.uum.edu.my/15398/1/Zah.pdf
http://repo.uum.edu.my/15398/
http://www.wrbrpapers.com/previous_issue/July/2014
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This study aims to highlight whether the implementation of Malaysian Code of Corporate Governance in 2000 and the revise version in 2007 triggers a favourable impact to Malaysian Bourse listed companies’ performances.This study sets apart from prior studies by providing evidence on value relevance of ERM and corporate governance compliance using the Malaysian Code of Corporate Governance (MCCG) as a proxy for ERM practices. This study uses a standard and reliable accounting variables with two-tailed Wilcoxon signed rank test methods to provide a justifiable research methodology.It is found that test result to be in tandem with prior studies, nonetheless, is also found that both MCCGs fail to produce a lasting mechanism in enhancing companies’ performances.