The objective of this study is to ascertain whether the higher level of cash flow rights (CFR) in the hand of ultimate owner help to improve the value relevance of earnings information in pyramid structure firms. The separation of cash flow rights (CFR) and control rights (CR) in pyramid...

This research seeks to examine the determinants of affiliation to pyramid structure of Malaysian public listed firms. A motivation of the research comes from the phenomenon of pyramid structure causing divergence of ultimate owners’ actual ownership and control leading to severe expropriation...

Purpose – This study examines the intangible assets value of the Malaysian market. It measures the relationship between intangible assets and corporate market value of Malaysian firms and whether they are consistent with findings in other advanced markets. Design/methodology/approach –...