Purpose: The purpose of this paper is to examine whether any specific informal corporate governance mechanisms under consideration in this study, namely, political connection, business group affiliation and ownership concentration, are able to mitigate the diversification discount for...

Purpose: This paper investigates the market responses towards four types of politically connected (PCON) firms during two political events – general election and change of leader in Malaysia. Design/methodology/approach: The authors capture the market response using cumulative abnormal return...

Purpose: This study investigates the effect of board independence on private information-based trading (PIBT) events. This study also examines the interaction effects of firm's disclosure quality and the statutory and demographic roles of independent directors and board diversity attributes,...