MANAGEMENT AND ACCOUNTING REVIEW

 


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Volume 22 No. 1, April 2023

 

ARTICLE INFO
Article History:
Received: 19 October 2022
Accepted: 14 March 2023
Available online: 01 April 2023

MANAGEMENT AND ACCOUNTING REVIEW, VOLUME 22 NO 1, APRIL 2023
https://doi.org/10.24191/MAR.V22i01-07

BUMIPUTERA CORPORATE EQUITY OWNERSHIP AND VALUE RELEVANCE WITHIN THE INTEGRATED REPORTING FRAMEWORK

Nahariah Jaffar1♣, Norazlan Alias2, Noor Adwa Sulaiman3 and Zarehan Selamat4

1School of Economics and Management, Xiamen University Malaysia, Sepang, Selangor, Malaysia

2Faculty of Economics and Management, Universiti Kebangsaan Malaysia, Bandar Baru Bangi, Selangor, Malaysia

3Faculty of Business and Economics, University of Malaya, Kuala Lumpur, Malaysia

4Faculty of Management, Multimedia University, Cyberjaya, Malaysia

 

ABSTRACT

The purpose of this study was to examine the effect of disclosure of information on Bumiputera corporate equity ownership on value relevance of corporate information in the Malaysian companies within the Integrated Reporting Framework. Data were collected from annual reports of 603 companies for the year 2015. These companies were listed on the Main Market of Bursa Malaysia. Results showed that the disclosure of information regarding the Bumiputera corporate equity ownership, information related to three Integrated Report content elements, namely organizational overview and external environment, company’s outlook, and basis of presentation; and total assets and book value were found to affect the firm value significantly and positively. However, the disclosure of the information concerning basis of presentation had a negative effect on value relevance of the companies’ corporate information. The findings offer evidence pertaining the potential impact of information related to Bumiputera corporate equity ownership and content elements of an integrated report on the value relevance of corporate information in Malaysia.

Keywords: Bumiputera, Corporate Equity Ownership, Integrated Reporting, Value Relevance, Malaysia

Corresponding Author: Nahariah Jaffar, School of Economics and Management, Xiamen University Malaysia, 43900 Sepang, Selangor, Malaysia; Email: This email address is being protected from spambots. You need JavaScript enabled to view it.; Tel: +6013-2271501




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