Unveiling the link between female directors’ attributes, ownership concentration, and integrated reporting strategy in Malaysia

IF 6.3 2区 经济学 Q1 BUSINESS, FINANCE
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Abstract

In response to the reform in the Malaysian market that requires all publicly listed companies (PLCs) to have at least one female director on the board, this study examines how female directors’ attributes (FDAs) shape integrated reporting quality (IRQ) and assesses the potential influence of substantial shareholders on the FDA–IRQ nexus. Using all Malaysian PLCs implementing the integrated reporting from 2017 to 2021, our analysis yields four key findings. First, a positive relationship exists between the presence of a Muslim female director and IRQ. Second, female directors with financial expertise and those with higher education positively impact IRQ. Third, the holding of multiple directorships by female directors is negatively linked to IRQ, and the length of their tenure shows no significant effect. Fourth, the relationship between FDAs and IRQ is more pronounced in contexts with a greater ownership concentration. These results remain robust after rigorous analysis and mitigating for potential biases. Our findings offer valuable insights for policymakers, practitioners, and researchers interested in understanding the implications of gender diversity and IRQ in emerging markets.

揭示马来西亚女性董事特质、所有权集中度和综合报告战略之间的联系
为响应马来西亚市场要求所有上市公司(PLC)董事会至少有一名女性董事的改革,本研究探讨了女性董事的特质(FDAs)如何影响综合报告质量(IRQ),并评估了大股东对 FDA-IRQ 关系的潜在影响。通过对 2017 年至 2021 年实施综合报告的所有马来西亚股份公司进行分析,我们得出了四个主要结论。首先,穆斯林女性董事的存在与 IRQ 之间存在正相关关系。其次,具有财务专业知识和受过高等教育的女性董事对 IRQ 有积极影响。第三,女性董事担任多个董事职位与 IRQ 呈负相关,任期长短没有显著影响。第四,在所有权集中度较高的情况下,FDA 与 IRQ 之间的关系更为明显。这些结果在经过严格分析并减少可能的偏差后仍然是稳健的。我们的研究结果为有兴趣了解新兴市场中性别多样性和 IRQ 影响的政策制定者、从业人员和研究人员提供了宝贵的见解。
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来源期刊
CiteScore
7.60
自引率
3.80%
发文量
130
审稿时长
26 days
期刊介绍: Peer Review under the responsibility of Borsa İstanbul Anonim Sirketi. Borsa İstanbul Review provides a scholarly platform for empirical financial studies including but not limited to financial markets and institutions, financial economics, investor behavior, financial centers and market structures, corporate finance, recent economic and financial trends. Micro and macro data applications and comparative studies are welcome. Country coverage includes advanced, emerging and developing economies. In particular, we would like to publish empirical papers with significant policy implications and encourage submissions in the following areas: Research Topics: • Investments and Portfolio Management • Behavioral Finance • Financial Markets and Institutions • Market Microstructure • Islamic Finance • Financial Risk Management • Valuation • Capital Markets Governance • Financial Regulations
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