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Importance of Corporate Governance Quality and Voluntary Disclosures of Corporate Governance Information in Listed Malaysian Family Controlled Businesses

Norziana Lokman


Joseph M Mula


Julie Cotter

Norziana Lokman 1
Joseph M Mula 2
Julie Cotter 3

  1. Faculty of Administrative Science and Policy Studies, Universiti Teknologi MARA Shah Alam, Malaysia 1

  2. School of Accounting Economics & Finance, Faculty of Business & Law, University of Southern Queensland Toowoomba, Australia 2

  3. Australian Centre for Sustainable Business and Development, Faculty of Business & Law, University of Southern Queensland, Toowoomba, Australia 3


This paper investigates the impact of family control on the association between corporate governance quality and voluntary disclosures of corporate governance information of publicly listed Malaysian family controlled businesses. In addition, the impact of incentive factors are also examined for both family and non-family controlled businesses in relation to voluntary disclosures. The findings suggest that the positive association between corporate governance quality and voluntary disclosures is weaker in family controlled businesses. Stock-based compensation significantly impacts the association.

Contribution/ Originality


Family controlled business, Corporate governance quality, Voluntary disclosure, Incentive factors, Agency theory, Signalling theory.


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