The Impact Of Ownership Structure And Corporate Governance On Corporate Social Reporting Of Selected Public Listed Companies In Malaysia
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Date
2015
Authors
Chew, Kooi Peng
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Publisher
Universiti Sains Malaysia
Abstract
The aim of this study is to examine the impact of ownership structure and corporate governance on the extent of corporate social reporting in the annual reports of selected public listed companies in Malaysia. This study focuses on the corporate social reporting information contained in the year 2011 and 2013 annual reports of 100 companies listed in the Main Market of Bursa Malaysia. Ownership concentration and foreign ownership are used as a proxy for ownership structure. Corporate governance characteristics include board independence and CEO duality. 3 control variables namely company’s sizes, company’s profitability and types of industry were used in this study. The dependent variable, the extent of corporate social reporting in annual reports of Malaysian public listed companies, is measured by content analysis in terms of number of sentences. The multiple regression analysis revealed that among 4 independent variables and 3 control variables tested in this study, only one of the independent variables (board independence) was found positively related to the extent of corporate social reporting in companies’ year 2011 annual reports, while all 4 independent variables were found to have no relationship with the extent of corporate social reporting in companies’ year 2013 annual reports. Among the three control variables, 2 control variables (company’s sizes and company’s profitability) were found to have significant positive relationship with the extent of corporate social reporting in both year 2011 and 2013 annual reports of the companies. The study ends with recommendations to improve the existing reporting practices and suggest areas for further research.
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Keywords
Corporate social reporting