Financial ratios: A tool for conveying information and decision making
This paper aims to examine the extent of financial ratio information communicated in the annual reports of Malaysian listed companies.The sample is selected from top 100 companies on Bursa Malaysia for year 2011. The annual reports are gathered and the data are hand collected.A regression model meas...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Zia World Press
2015
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| Online Access: | https://repo.uum.edu.my/id/eprint/13981/1/Noor.pdf |
| _version_ | 1825803284583022592 |
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| author | Amran, Noor Afza Aripin, Norhani |
| author_facet | Amran, Noor Afza Aripin, Norhani |
| author_sort | Amran, Noor Afza |
| collection | UUM |
| description | This paper aims to examine the extent of financial ratio information communicated in the annual reports of Malaysian listed companies.The sample is selected from top 100 companies on Bursa Malaysia for year 2011. The annual reports are gathered and the data are hand collected.A regression model measures the Extent Financial Ratio Disclosure (EFRD) using 10 mostly referred and cited financial ratios. Findings reveal that on average, the sample firms disclose 18.4% of selected financial ratios in their annual reports. The Net Asset Per Share (NAPS) ratio is among the popular ratios presented in the annual reports. For the corporate governance score (CGS), almost 50% of the board of directors are independent.The average percentage of shareholding of 80.63% and this implies that Malaysian shareholding is consider to be concentrated. Corporate Governance (CG) element does have a positive relationship with EFRD.Higher numbers of independent directors increase the extent of the financial ratio disclosures.It explains that the role of independent directors as proposed in the Malaysian Code on Corporate Governance (MCCG) actually works and it helps to add value to the quality of financial reporting |
| first_indexed | 2024-07-04T05:54:22Z |
| format | Article |
| id | uum-13981 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:54:22Z |
| publishDate | 2015 |
| publisher | Zia World Press |
| record_format | eprints |
| spelling | uum-139812016-04-12T07:17:15Z https://repo.uum.edu.my/id/eprint/13981/ Financial ratios: A tool for conveying information and decision making Amran, Noor Afza Aripin, Norhani HF5601 Accounting This paper aims to examine the extent of financial ratio information communicated in the annual reports of Malaysian listed companies.The sample is selected from top 100 companies on Bursa Malaysia for year 2011. The annual reports are gathered and the data are hand collected.A regression model measures the Extent Financial Ratio Disclosure (EFRD) using 10 mostly referred and cited financial ratios. Findings reveal that on average, the sample firms disclose 18.4% of selected financial ratios in their annual reports. The Net Asset Per Share (NAPS) ratio is among the popular ratios presented in the annual reports. For the corporate governance score (CGS), almost 50% of the board of directors are independent.The average percentage of shareholding of 80.63% and this implies that Malaysian shareholding is consider to be concentrated. Corporate Governance (CG) element does have a positive relationship with EFRD.Higher numbers of independent directors increase the extent of the financial ratio disclosures.It explains that the role of independent directors as proposed in the Malaysian Code on Corporate Governance (MCCG) actually works and it helps to add value to the quality of financial reporting Zia World Press 2015-03 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/13981/1/Noor.pdf Amran, Noor Afza and Aripin, Norhani (2015) Financial ratios: A tool for conveying information and decision making. Global Review of Accounting and Finance, 6 (1). pp. 151-164. ISSN 1838-1413 http://www.globalraf.com/ |
| spellingShingle | HF5601 Accounting Amran, Noor Afza Aripin, Norhani Financial ratios: A tool for conveying information and decision making |
| title | Financial ratios: A tool for conveying information and decision making |
| title_full | Financial ratios: A tool for conveying information and decision making |
| title_fullStr | Financial ratios: A tool for conveying information and decision making |
| title_full_unstemmed | Financial ratios: A tool for conveying information and decision making |
| title_short | Financial ratios: A tool for conveying information and decision making |
| title_sort | financial ratios a tool for conveying information and decision making |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/13981/1/Noor.pdf |
| work_keys_str_mv | AT amrannoorafza financialratiosatoolforconveyinginformationanddecisionmaking AT aripinnorhani financialratiosatoolforconveyinginformationanddecisionmaking |