Culture, corporate governance and analysts forecast in Malaysia
Purpose – The purpose of this paper is to examine the relationship between Bumiputra (in reference to Malay indigenous race) directors, a proxy for culture and analysts forecast. In addition, the study investigates whether corporate governance affects that relationship. Design/methodology/approach –...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Emerald Group Publishing Limited
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/24218 |
| _version_ | 1848751368188198912 |
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| author | Abdul Wahab, Effiezal Aswadi Pitchay, A. Ali, R. |
| author_facet | Abdul Wahab, Effiezal Aswadi Pitchay, A. Ali, R. |
| author_sort | Abdul Wahab, Effiezal Aswadi |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Purpose – The purpose of this paper is to examine the relationship between Bumiputra (in reference to Malay indigenous race) directors, a proxy for culture and analysts forecast. In addition, the study investigates whether corporate governance affects that relationship. Design/methodology/approach – The sample of this study is based on 664 firm-year observations from 193 firms during the 1999-2009 periods. The authors employ a panel least square regression with both period and industry fixed effects. The authors retrieved of analyst data from the Institutional. Broker Estimate System (I/B/E/S) database while the authors hand collected the corporate governance variables. The remaining data were collected from Compustat Global. Findings – The authors find a positive relationship between the proxy of culture, Bumiputra directors and analysts forecast error suggesting that cultural values influences the level of information in the Malaysian capital market. |
| first_indexed | 2025-11-14T07:51:37Z |
| format | Journal Article |
| id | curtin-20.500.11937-24218 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:51:37Z |
| publishDate | 2015 |
| publisher | Emerald Group Publishing Limited |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-242182017-09-13T15:08:24Z Culture, corporate governance and analysts forecast in Malaysia Abdul Wahab, Effiezal Aswadi Pitchay, A. Ali, R. Purpose – The purpose of this paper is to examine the relationship between Bumiputra (in reference to Malay indigenous race) directors, a proxy for culture and analysts forecast. In addition, the study investigates whether corporate governance affects that relationship. Design/methodology/approach – The sample of this study is based on 664 firm-year observations from 193 firms during the 1999-2009 periods. The authors employ a panel least square regression with both period and industry fixed effects. The authors retrieved of analyst data from the Institutional. Broker Estimate System (I/B/E/S) database while the authors hand collected the corporate governance variables. The remaining data were collected from Compustat Global. Findings – The authors find a positive relationship between the proxy of culture, Bumiputra directors and analysts forecast error suggesting that cultural values influences the level of information in the Malaysian capital market. 2015 Journal Article http://hdl.handle.net/20.500.11937/24218 10.1108/ARA-03-2014-0033 Emerald Group Publishing Limited fulltext |
| spellingShingle | Abdul Wahab, Effiezal Aswadi Pitchay, A. Ali, R. Culture, corporate governance and analysts forecast in Malaysia |
| title | Culture, corporate governance and analysts forecast in Malaysia |
| title_full | Culture, corporate governance and analysts forecast in Malaysia |
| title_fullStr | Culture, corporate governance and analysts forecast in Malaysia |
| title_full_unstemmed | Culture, corporate governance and analysts forecast in Malaysia |
| title_short | Culture, corporate governance and analysts forecast in Malaysia |
| title_sort | culture, corporate governance and analysts forecast in malaysia |
| url | http://hdl.handle.net/20.500.11937/24218 |