Using 180 manufacturing firms from 1998 to 2004, the paper proves that insiders with controlling interest more than 36.78% increase earnings management (discretionary accruals) by 10.6%. However, they are risk-adverse and avoid inefficient investment after the financial crisis. On the other...

Using 196 Malaysian public listed firms, the study investigates the inter-relationship between executive compensation, earnings management and over investment. Although there is no evidence that executive directors enhance their compensation packages through earnings management, there is a...

The issues of financial constraints emphasis that firms use internal cash rather than debt or equity for investments. In a country where family controlled are prominent this could lead to distortion of capital and economy growth. Hence, over rely on internal financing lead firms to invest...

This study seeks to assess the take-over performance of the Malaysian public listed companies, using the market-based event study method. It also aims to examine managerial motives for take-overs, take-over transaction characteristics and ownership characteristics to infer any possible sources...

The hypothesis of financial constraints suggest that firms be denied profitable investment due to inaccessible to external capital markers as debt and equity financing are no longer perfect substitution after firms utilise internal capital. In view of reducing investments during global financial...

This study examines the price performance of Malaysian stocks recommended by the analysts of major stockbroking firms in Malaysia. Two questions are raised: whether investors can profit from the Malaysian stock market by following those analyst recommendations and whether buying (or selling)...

Proprietary trading has gained much attention in the emerging markets such as Malaysia in the recent years. However, there is a lack of studies for emerging markets that can provide a clear picture on the performance of the proprietary traders and factors that determine their success. Little...

The study focuses on the causes and consequences of information asymmetry. Using a sample of 180 Malaysian manufacturing firms, the findings show that insiders and industrial competition contribute to the problem of information asymmetry. The presence of large shareholders as insiders in low...