Financial instruments disclosure practices: evidence from Malaysian listed firms
The current changes in business settings have directed companies to conduct businesses at the international level which requires the use of financial instruments. The-mandatory MFRS 7, an adoption of IFRS 7 standard has been implemented for entities to disclose their involvement with financial instr...
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
Elsevier
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/38441/ http://irep.iium.edu.my/38441/1/ICAS-Concurrent_Session_Schedule.pdf http://irep.iium.edu.my/38441/5/syaima_n_nelson_2014.pdf |
| _version_ | 1848781607506280448 |
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| author | Adznan, Syaimaa' Puat Nelson, Sherliza |
| author_facet | Adznan, Syaimaa' Puat Nelson, Sherliza |
| author_sort | Adznan, Syaimaa' |
| building | IIUM Repository |
| collection | Online Access |
| description | The current changes in business settings have directed companies to conduct businesses at the international level which requires the use of financial instruments. The-mandatory MFRS 7, an adoption of IFRS 7 standard has been implemented for entities to disclose their involvement with financial instruments. Thus, the aimed of this study is to investigate the financial instruments disclosure practices (FID) among Malaysian listed companies; specifically, on the level of compliance with MFRS 7. The overall results indicate that companies complied with MFRS 7, though there are several requirements omitted by companies. Furthermore, with the revised of MCCG in 2012, this study examines the association of corporate governance mechanisms with the extent of FID among companies. Based on sample of 319 companies, result indicates that audit committee independence, internal audit independence (out-source) and audit fees are positive and significantly associated with FID. Hence, it suggests that effective corporate governance may have some influence on the extent of disclosure level among companies. |
| first_indexed | 2025-11-14T15:52:15Z |
| format | Proceeding Paper |
| id | iium-38441 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T15:52:15Z |
| publishDate | 2014 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-384412018-05-23T02:42:14Z http://irep.iium.edu.my/38441/ Financial instruments disclosure practices: evidence from Malaysian listed firms Adznan, Syaimaa' Puat Nelson, Sherliza H96 Public policy (General), Policy sciences The current changes in business settings have directed companies to conduct businesses at the international level which requires the use of financial instruments. The-mandatory MFRS 7, an adoption of IFRS 7 standard has been implemented for entities to disclose their involvement with financial instruments. Thus, the aimed of this study is to investigate the financial instruments disclosure practices (FID) among Malaysian listed companies; specifically, on the level of compliance with MFRS 7. The overall results indicate that companies complied with MFRS 7, though there are several requirements omitted by companies. Furthermore, with the revised of MCCG in 2012, this study examines the association of corporate governance mechanisms with the extent of FID among companies. Based on sample of 319 companies, result indicates that audit committee independence, internal audit independence (out-source) and audit fees are positive and significantly associated with FID. Hence, it suggests that effective corporate governance may have some influence on the extent of disclosure level among companies. Elsevier 2014-12-31 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/38441/1/ICAS-Concurrent_Session_Schedule.pdf application/pdf en http://irep.iium.edu.my/38441/5/syaima_n_nelson_2014.pdf Adznan, Syaimaa' and Puat Nelson, Sherliza (2014) Financial instruments disclosure practices: evidence from Malaysian listed firms. In: International Conference on Accounting Studies, 18-19 August 2014, PWTC Kuala Lumpur. http://www.sciencedirect.com/science/journal/18770428/164 doi: 10.1016/j.sbspro.2014.11.051 |
| spellingShingle | H96 Public policy (General), Policy sciences Adznan, Syaimaa' Puat Nelson, Sherliza Financial instruments disclosure practices: evidence from Malaysian listed firms |
| title | Financial instruments disclosure practices: evidence from Malaysian listed firms
|
| title_full | Financial instruments disclosure practices: evidence from Malaysian listed firms
|
| title_fullStr | Financial instruments disclosure practices: evidence from Malaysian listed firms
|
| title_full_unstemmed | Financial instruments disclosure practices: evidence from Malaysian listed firms
|
| title_short | Financial instruments disclosure practices: evidence from Malaysian listed firms
|
| title_sort | financial instruments disclosure practices: evidence from malaysian listed firms |
| topic | H96 Public policy (General), Policy sciences |
| url | http://irep.iium.edu.my/38441/ http://irep.iium.edu.my/38441/ http://irep.iium.edu.my/38441/ http://irep.iium.edu.my/38441/1/ICAS-Concurrent_Session_Schedule.pdf http://irep.iium.edu.my/38441/5/syaima_n_nelson_2014.pdf |