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Transactions ID Number: 32-637
Full Name: Kamaruzaman Jusoff
Position: Professor
Age: ON
Sex: Male
Address: Faculty of Forestry, UPM Serdang, 43400 Selangor
Country: MALAYSIA
Tel: +60-3-89467176
Tel prefix: +60-3-89457176
Fax: +60-3-89432514
E-mail address: kjusoff@yahoo.com
Other E-mails: kamaruz@putra.upm.edu.my
Title of the Paper: Income Statements Transparency and Firms' Characteristics of Companies Listed on the Bursa Malaysia
Authors as they appear in the Paper: Sazilah Mohd Saad, Syed Noh Syed Ahmad, Kamaruzaman Jusoff, Mazlifa Mohd Daud, Maisarah Abd Rahim
Email addresses of all the authors: Sazilah@kedah.uitm.edu.my,syed191@salam.uitm.edu.my,kjusoff@yahoo.com,mazlifa@kedah.uitm.edu.my,maisarah435@kedah.uitm.edu.my
Number of paper pages: 11
Abstract: This research intends to contribute to the one of Corporate Governance mechanism on transparency and disclosure on the financial statements. As in the recent development of finding from Financial Statements Review Committee (FSRC) that company did not disclose of Material expenses and not classifies accordingly. This study provides an evidence for the transparency level on income statements with regard of firms' characteristics of 150 Main and Second Boards companies listed on the Bursa Malaysia. The characteristics are grouped into three groups of variables: structural (firm size, leverage and number of shareholder) and market related (listing type and industry type) and performance (profit margin, return on equity and liquidity). This study started with the development of a Transparency Index based on the percentage of the details of expenses disclosed in annual reports (notes to the accounts) over total expenses of the company. Findings suggest that this index o!
n the average for the companies in the sample is about 64 percent with three particular companies scoring transparency index at 100 percent. Both univariate and multivariate statistical analysis were performed on the data. The stepwise regression method indicates that only one variable is significant at 5% which is number of shareholders (LnNOSH). The other factors are not significant. Thus, this study contributes to the enhancement of knowledge regarding income statements transparency and disclosure practices under new reporting regime in Malaysia and provides a basis for the conduct of research in this area. The study suggests extending the longitudinal study for several years of data and addition of variables to the model.
Keywords: Financial Statements, Income Statement Transparency Index, disclosure and transparency, corporate governance, firms' characteristics, stepwise regression method
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