Publication detail

Corporate governance code and voluntary disclosure of integrated reporting: Evidence from an emerging economy

Hamad, Salaheldin Lai, Fong-Woon Shad, Muhammad Kashif Konecna, Zdenka Goni, Feybi Ariani Chofreh, Abdoulmohammad Gholamzadeh Klemes, Jiri Jaromir

Original Title

Corporate governance code and voluntary disclosure of integrated reporting: Evidence from an emerging economy

Type

journal article in Web of Science

Language

English

Original Abstract

Integrated reporting (IR) is the most recent business reporting paradigm that seeks to improve information quality and create sustainable value. This study investigates the impact of the Malaysian Code on Corporate Governance (MCCG) 2017 on the voluntary IR disclosure quality. Data is collected from the top 100 Malaysian public listed companies from 2016 to 2020. The study used content analysis and a developed IR disclosure index on panel data of companies that fully adopt IR. The results show ongoing growth in IR adoption among Malaysian companies; most of them are aware of its benefits. The study provides empirical evidence on the positive influence of MCCG 2017 on the IR disclosure quality using the random effects generalised least squares regression model. The trend analysis confirms that Malaysian companies enhanced their IR disclosure quality, especially after 2017. The results also show that the research sample has reported 70% for each IR content element in 2020. In this regard, the highest reported element is 'risks and opportunities'. Thus, several companies have established enterprise risk management frameworks and risk committees. This study contributes to the literature by providing an intensive investigation of the IR practices in Malaysia's earliest adoption stages preceding and following the MCCG 2017.

Keywords

governance codes; integrated reporting; Malaysia; sustainable development; value creation; SUSTAINABLE DEVELOPMENT; PERFORMANCE; MANAGEMENT; FIRM; ATTRIBUTES; DIRECTORS; QUALITY

Authors

Hamad, Salaheldin; Lai, Fong-Woon; Shad, Muhammad Kashif; Konecna, Zdenka; Goni, Feybi Ariani; Chofreh, Abdoulmohammad Gholamzadeh; Klemes, Jiri Jaromir

Released

1. 12. 2022

Publisher

WILEY

Location

111 RIVER ST, HOBOKEN 07030-5774, NJ

ISBN

0968-0802

Periodical

SUSTAINABLE DEVELOPMENT

Year of study

6

Number

30

State

United Kingdom of Great Britain and Northern Ireland

Pages from

1497

Pages to

1510

Pages count

14

URL

https://onlinelibrary.wiley.com/doi/10.1002/sd.2323

BibTex

@article{BUT182691,
  author="Hamad, Salaheldin and Lai, Fong-Woon and Shad, Muhammad Kashif and Konecna, Zdenka and Goni, Feybi Ariani and Chofreh, Abdoulmohammad Gholamzadeh and Klemes, Jiri Jaromir",
  title="Corporate governance code and voluntary disclosure of integrated reporting: Evidence from an emerging economy",
  journal="SUSTAINABLE DEVELOPMENT",
  year="2022",
  volume="6",
  number="30",
  pages="1497--1510",
  doi="10.1002/sd.2323",
  issn="0968-0802",
  url="https://onlinelibrary.wiley.com/doi/10.1002/sd.2323"
}