Volume 15 No. 1, June 2016
ARTICLE INFO
Article History:
Received: 5 October 2015
Accepted: 23 March 2016
Published: 23 June 2016
MANAGEMENT AND ACCOUNTING REVIEW, VOLUME 15 NO. 1, JUNE 2016
Ownership and Segment Disclosure: Moderating Effect of Competitiveness in Malaysia
Jalila Johari1, Susela Selvaraj Devi2 and Sureshchandra Ramachandra3
1Faculty of Business and Management,
University Putra Malaysia, Malaysia
2Faculty of Business and Information Technology,
UNITAR International University, Malaysia
3Faculty of Business and Law,
Auckland University of Technology, New Zealand
1Faculty of Business and Management,
University Putra Malaysia, Malaysia
2Faculty of Business and Information Technology,
UNITAR International University, Malaysia
3Faculty of Business and Law,
Auckland University of Technology, New Zealand
ABSTRACT
This paper aims to investigate whether firm and industry level of competitiveness has had a moderating effect on the level of segment disclosure, prior to the introduction of IFRS 8 – operating segments for companies, with differing ownership structures in Malaysia. A selfconstructed segment disclosure index using data was drawn from firms listed in the Malaysian stock exchange for the period of 2006 to 2008. A total of 1,752 firm-year observations were used. The results show that competitiveness, either at the firm level or industry level experienced no effect on the extent of segment disclosures during the duration of pre-IFRS 8. However, the findings suggest that accounting qualifications of audit committee members, sizes of firms, years of listing, profitability and analyst following of the firms have significantly explain the extent to which segment information was disclosed in Malaysia.
Keywords: Segment disclosure, ownership concentration, emerging market, competitiveness
Keywords: Segment disclosure, ownership concentration, emerging market, competitiveness