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Article
Publication date: 21 June 2019

Maslina Ahmad, Raja Nur Syazwani Raja Kamaruzaman, Hamdino Hamdan and Hairul Azlan Annuar

In 2011, the Malaysian cabinet approved the policy that all board of directors of companies listed on the Bursa Malaysia should consist of 30 per cent women in…

Abstract

Purpose

In 2011, the Malaysian cabinet approved the policy that all board of directors of companies listed on the Bursa Malaysia should consist of 30 per cent women in decision-making positions by the year 2016. The purpose of this paper is to examine the association between the presence of women on the board and firms’ performance following the introduction of the diversity policy.

Design/methodology/approach

The analysis uses the information of the top 200 Malaysian public listed companies for the financial year 2011–2013. The multiple regression analysis is used to estimate the relationship between the firm performance (return on assets (ROA)) as the dependent variable and the independent variables.

Findings

The results show that during the period under study, the proportion of women directors on board is negatively correlated with ROA. This indicates that the firm performance may not be dependent on the number of women directors on board. However, the results of the study also show that the academic backgrounds of the women board members add some value toward generating better firm performance.

Research limitations/implications

A small sample size of only the top 200 public listed companies was utilised. Consequently the outcome may not be generalisable to smaller public companies or private firms. Another limitation is regarding the sample period. Taking only one year before and one year after the policy’s approval may be too short of the period under study and may be too early to study the impact of the policy. Future studies could sample a longer period.

Practical implications

The findings encourage public listed companies to appoint women with the necessary qualities as members of the board and not to simply increase the number of women on boards.

Originality/value

There is a lack of work on studying women’s effectiveness on board in developing countries, whereby previous work and literature review were predominantly based upon the experience of Western economies. This study, thus, contributes to the rising literature on women board member representation based on the firm performance of the top 200 listed companies in Malaysia.

Details

Journal of Economic and Administrative Sciences, vol. 36 no. 2
Type: Research Article
ISSN: 1026-4116

Keywords

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Article
Publication date: 20 January 2020

Mohamed Ahmed Kaaroud, Noraini Mohd Ariffin and Maslina Ahmad

The purpose of this study is to examine the extent of audit report lag and its association with governance mechanisms in the Islamic banking institutions in Malaysia.

Abstract

Purpose

The purpose of this study is to examine the extent of audit report lag and its association with governance mechanisms in the Islamic banking institutions in Malaysia.

Design/methodology/approach

The extent of audit report lag is defined by the number of days from a company’s financial year-end to the signature date on its audit report. The sample of the study comprises 112 observations of Islamic banking institutions’ financial reports for the period 2008-2014. A balanced panel data analysis is performed to analyse the association between the extent of audit report lag and governance mechanisms.

Findings

The findings show that the extent of audit report lag for the sample selected ranges from a minimum period of 7 days to a maximum period of 161 days, and the extent of audit report lag is approximately two months on average. A fixed effects analysis indicates that audit committee expertise and audit committee meeting have significant association with the extent of audit report lag. On the other hand, board independence, audit committee size and Shari’ah board expertise have insignificant association with the extent of audit report lag. In addition, one control variable (Islamic bank size) is found to be significantly associated with longer audit report lag.

Practical implications

The findings provide useful feedback for Malaysian policymakers on the past and current practices of financial reports and of governance mechanisms. The findings of the study would help the policymakers in monitoring the Islamic banking institutions’ compliance with financial reports submission requirements. The policymakers perhaps could relook into governance mechanisms that reduce the extent of audit report lag in the Islamic banking institutions and implement regulations to strengthen them.

Originality/value

Unlike the majority of prior studies that investigated the association between the extent of audit report lag and governance mechanisms, this study provides two contributions. First, to the authors’ knowledge, this study is the first piece of research that examined the association between governance mechanisms and the extent of audit report lag in Islamic banking institutions. Second, the study examined the association of new governance variable, namely, Shari’ah committee expertise which has not been previously examined in the literature of audit report lag.

Details

Journal of Islamic Accounting and Business Research, vol. 11 no. 1
Type: Research Article
ISSN: 1759-0817

Keywords

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Article
Publication date: 10 May 2021

M.Z.Y. Koh and Yen-Nee Goh

Health plays a crucial role in the daily lives and supporting health is the important role of medicine. With the availability of traditional, complementary and alternative…

Abstract

Purpose

Health plays a crucial role in the daily lives and supporting health is the important role of medicine. With the availability of traditional, complementary and alternative medicine (TCAM), the demands and willingness to pay among users are increasing. Hence, this study aims to determine the psychological factors influencing the willingness to pay for TCAM among Malaysian adults.

Design/methodology/approach

In total, 300 completed self-administered questionnaires were collected from Malaysian adults using a purposive sampling method through intercepts at public health-care facilities. A structural equation modelling approach using partial least square was used to test the hypotheses.

Findings

The findings show that attitude, subjective norms, perceived price and knowledge have a significant impact on willingness to pay for TCAM. Surprisingly, there was no relationship found between perceived behavioural control and health consciousness on willingness to pay for TCAM.

Originality/value

The findings of this study are expected to provide better insights into TCAM use among Malaysian adults. The results are also important to encourage health-care institutions and practitioners to educate the general public on the safety of TCAM to ensure more health benefits to the users.

Details

International Journal of Pharmaceutical and Healthcare Marketing, vol. 15 no. 2
Type: Research Article
ISSN: 1750-6123

Keywords

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