Ownership Structure, Earnings Quality and Market Assessment

 

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  • Product Description
 

This research is motivated by the move towards self- regulation for the Malaysian capital market. Against a background of companies'' ownership structure that allegedly exacerbates the separation of ownership and control conflict, and that possibly limits transparency of information to the public, this research examines if such ownership structure leads to lower earnings quality. And if indeed the market is self-regulating this research examines if the market is assessing earnings quality and the elements of governance; ownership structure, audit committee and substantial shareholding, by requiring a certain return, the cost of equity, where accordingly these elements are perceived to be an information risk. There is a fairly strong evidence of market assessment of earnings quality and substantial shareholding, a market mechanism. However market seems to be indifferent with ownership structure and rule based monitoring, i.e. the audit committee. This finding has an important implication on the relative spending of resources by regulators on market and rule based mechanisms.

Product Specifications
SKU :COC48904
AuthorRadziah Abdul Latiff
LanguageEnglish
BindingPaperback
Number of Pages228
Publishing Year2010-10-20T00:00:00.000
ISBN978-3843353670
Edition1 st
Book TypeBusiness & management
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-04-08 00:00:00
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