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The (Perceived) roles of corporate governance reforms in Malaysia: The views of corporate practitioners

Liew, PK (2008) 'The (Perceived) roles of corporate governance reforms in Malaysia: The views of corporate practitioners.' In: Tsamenyi, M and Uddin, S, (eds.) Corporate Governance in Less Developed and Emerging Economies. Research in Accounting in Emerging Economies . Emerald, 455 - 482. ISBN UNSPECIFIED

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Abstract

Purpose ? The purpose of this paper is to understand the roles of corporate governance reforms in Malaysia following the 1997/1998 Asian crisis from the perspectives of corporate managers. Design/methodology/approach ? The primary evidence used is drawn from a series of in-depth semi-structured interviews with Malaysian corporate managers involved in the overseeing of the governance structures within their companies. Findings ? This study shows that most interviewees believed that an appropriate corporate governance system could play a role in resolving the problems associated with the interlocking and concentrated corporate ownership structure in Malaysia. However, the effectiveness of the corporate governance reforms in dealing with this issue is questionable. It also reveals that Malaysian companies ?changed? their corporate governance practices predominantly to recover (foreign) investor confidence lost during the crisis and to fulfil the legal requirements enforced by the government, where the latter was under pressure from the international community (especially, the World Bank and IMF) to ?improve? the Malaysian corporate governance practices after the crisis. Originality/value of paper ? This paper adds to the literature on corporate governance, especially in the context of developing countries. Prior research investigating corporate governance issues in developing countries has been limited, particularly the lack of in-depth examination of corporate governance practices from the perspectives of corporate managers. This paper will be of great value to researchers and practitioners seeking to gain a better understanding of the roles of corporate governance in Malaysia.

Item Type: Book Section
Uncontrolled Keywords: corporate governance; Malaysia; Asian financial crisis; globalisation
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Jim Jamieson
Date Deposited: 06 Jan 2014 12:55
Last Modified: 02 Oct 2017 21:17
URI: http://repository.essex.ac.uk/id/eprint/8575

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