Explicating the Corporate Governance Mechanisms of Shari’ah Compliant Companies
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 1
Abstract
The paper attempts to assess and examine the disclosure of the mechanisms of the corporate governance (CG), namely, board matters, nomination matters, audit matters, remuneration matters, communication matters, and risk management matters, of Shari’ah Compliant Companies (ShCCs) for a six-year period from 2008 until 2013. By using the weighted disclosure analyses approach, CG index was developed. The study examines the annual reports of a sample of 1,122 ShCCs which was selected based on the top 500 firms (by market capitalisation) for 2008 until 2013. In this study, SPSS was applied to assess the CG disclosure. Based on the descriptive analysis, the result indicates a remuneration matters (mean: 0.55) score higher than the other mechanisms; this was followed by audit matters (mean: 0.49). The study also found that, the average disclosure level of ShCCs was relatively low. Hence, the result has important implications for the enhancement of the CG disclosure of ShCC for a wider acceptance and reputation enhancement.
Authors and Affiliations
Syahiza Arsad, Roshima Said, Haslinda Yusoff, Rahayati Ahmad
Keywords
Related Articles
- EP ID EP530225
- DOI 10.6007/IJARBSS/v8-i1/3839
- Views 101
- Downloads 0
Financial Well-being of Married Workers in Malaysia
This study aims to identify the level of financial well-being of married workers in the public sectors of Malaysia. The sample comprises of married and dual-income workers in the public sector. The unit of analysis is th...
Application of Technology Alliance Model (TAM) on R&D Firms of Some Technology Development Zones (TDZS) in Ankara
The study aims to apply the Technology Alliance Model (TAM) (Ju et. al., 2005, p. 623) on R&D firms in some TDZs in Ankara. In order to do so, a literature review is conducted and the theory of the research is developed...
Implementation of Islamic Elements as a Parameter for Credit Evaluation Process: Exploring Shariah Adviser’s Perceptions
The aim of the study is to explore the Shariah adviser’s perceptions on credit evaluation process in commercial financing activities in Islamic banks. To achieve this aim, the study conducts in-depth interviews as to ide...
Effect of Financial Sector Deregulation on Economic Growth of Nigeria
The study investigated the effects of financial sector deregulation on economic growth of Nigeria using annual data spanning from 1970 to 2015. Real Gross Domestic Product (RGDP) were made as a function of Credit to Priv...
A Review of Research on Flipped Classroom Approach for Teaching Communication Skills in English
Researches on flipped learning have mostly focused on generic subjects and classroom setting. Not many researchers have been carried out on Second Language Learners or in the English Second Language (ESL) setting in the...