The impact of soft regulations on boardroom diversity and shareholders' confidence in Malaysia

2015 International Symposium on Technology Management and Emerging Technologies (ISTMET) Pub Date : 2015-12-17 DOI:10.1109/ISTMET.2015.7359056

H. Rahman, M. Y. Ibrahim, A. Ahmad

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引用次数: 2

Abstract

Soft regulations, commonly known as Corporate Governance (CG) codes, aim to enhance shareholders' confidence by regulating corporate world. These regulations have turned much of the attention towards the improvement of boardroom diversity particularly after economic turmoil 2007-08. Malaysia like other countries, also recommended improving boardroom diversity in its recently introduced third CG code (Malaysian Code on Corporate Governance) in 2012. Thus, this paper proposes to investigate boardroom diversity (age, gender & ethnicity) and its relation with shareholders' confidence measured by share market price in the non-financial listed companies of Malaysia from 2010 to 2013. The proposed period of analysis represents two years pre and two years post enactment period of the code which will highlight the impact of the code, if any. The proposed study will fill the literature gap as most of the previous literature in the area has investigated the relationship between boardroom diversity and firm performance rather than shareholders' confidence.

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软法规对马来西亚董事会多元化和股东信心的影响

软法规，通常被称为公司治理(CG)规范，旨在通过规范公司世界来增强股东的信心。这些规定已将大部分注意力转向改善董事会的多样性，尤其是在2007-08年经济动荡之后。与其他国家一样，马来西亚在2012年推出的第三部《马来西亚公司治理守则》(CG code on Corporate Governance)中也建议改善董事会的多样性。因此，本文拟对2010年至2013年马来西亚非金融类上市公司董事会多元化(年龄、性别和种族)及其与股东信心的关系(以股价衡量)进行研究。建议的分析期是指守则颁布前和颁布后的两年，这将突出守则的影响(如果有的话)。拟议的研究将填补文献空白，因为该领域之前的大多数文献都研究了董事会多样性与公司绩效之间的关系，而不是股东信心。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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2015 International Symposium on Technology Management and Emerging Technologies (ISTMET)

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