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Article
Publication date: 13 July 2012

Zaini Embong, Norman Mohd‐Saleh and Mohamat Sabri Hassan

Prior studies argue that larger firms could get more net benefit from higher disclosure compared to smaller firms due to economies of scale (lower relative costs to produce) and…

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Abstract

Purpose

Prior studies argue that larger firms could get more net benefit from higher disclosure compared to smaller firms due to economies of scale (lower relative costs to produce) and lower proprietary cost (risk of information disclosed being used by competitor). However, this has not been empirically tested. Thus, the purpose of this study is to provide a formal test on whether larger firms benefit more from higher disclosure compared to the smaller firms.

Design/methodology/approach

In prior studies, size is included as a control variable because it has been found to influence cost of equity capital. However, this study treats firm size as a moderating variable to the relationship between disclosure and cost of equity capital. The sample comprises 460 firms listed under the Main Board of Bursa Malaysia.

Findings

The result shows that there is a significant negative relationship between disclosure and cost of equity capital for large firms and not significant for small firms. The managers of firms could strategize the firm's disclosure policy by taking into consideration that the benefit of disclosure in reducing the cost of equity may depend on the size of the firms.

Originality/value

This is the first study that investigates the effect of size on the disclosure and cost of equity relationship. Thus, the evidence can support Diamond and Verrecchia's argument that larger firms benefit more from their disclosure policy compared to smaller firms. The nature of the information environment in the Malaysian capital market as well as legal background in Malaysia provides the authors with enough variations in disclosure and cost of equity to investigate this issue.

Details

Asian Review of Accounting, vol. 20 no. 2
Type: Research Article
ISSN: 1321-7348

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Article
Publication date: 26 August 2014

418

Abstract

Details

Asian Review of Accounting, vol. 22 no. 3
Type: Research Article
ISSN: 1321-7348

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Article
Publication date: 25 July 2024

Abdallah A.S. Fayad, Arifatul Husna Binti Mohd Ariff, Sue Chern Ooi, Ali H.I. Aljadba and Khaldoon Albitar

This paper aims to explore the role of ownership structure on integrated reporting quality (IRQ) in an emerging market.

322

Abstract

Purpose

This paper aims to explore the role of ownership structure on integrated reporting quality (IRQ) in an emerging market.

Design/methodology/approach

This study includes a sample consisting of 64 firms from Bursa Malaysia, with 173 firm-year observations from 2017 to 2020. Feasible Generalised Least Square model has been used to test the hypotheses.

Findings

The findings show that government ownership has a positive effect on IRQ and that the integrated reports and <IR> framework are well aligned. Foreign ownership influences IRQ positively. However, the results did not support the effect of family ownership on IRQ as hypothesised.

Practical implications

The findings of this research hold practical implications for companies and regulators in Malaysia. The results demonstrate to investors that both government and foreign ownership have a positive impact on IRQ. Therefore, investors can make well-informed investment decisions regarding companies with a high level of government or foreign ownership.

Originality/value

To the best of the authors’ knowledge, this is the first paper to explore the effect of ownership structure on IRQ in the Malaysian context.

Details

Journal of Financial Reporting and Accounting, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-2517

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Article
Publication date: 2 May 2017

Siti Kudnie Sahari, Muhammad Kashif, Norsuzailina Mohamed Sutan, Zaidi Embong, Nik Amni Fathi Nik Zaini Fathi, Azrul Azlan Hamzah, Rohana Sapawi, Burhanuddin Yeop Majlis and Ibrahim Ahmad

The quality of GeOx–Ge interface and the equivalent oxide thickness (EOT) are the main issues in fabricating high-k/Ge gate stack due to the low-k of GeOx interfacial layer (IL)…

186

Abstract

Purpose

The quality of GeOx–Ge interface and the equivalent oxide thickness (EOT) are the main issues in fabricating high-k/Ge gate stack due to the low-k of GeOx interfacial layer (IL). Therefore, a precise study of the formation of GeOx IL and its contribution to EOT is of utmost importance. In this study, the GeOx ILs were formed through post-oxidation annealing of sputtered Al2O3 on the Ge substrate. The purpose of this paper is to report on growth kinetics and composition of IL between Al2O3 and Ge for HCl- and HF-last Ge surface.

Design/methodology/approach

After wet chemical cleaning with HCl or HF, Al2O3 was grown onto the Ge surface by RF sputtering. Thickness and composition of IL formed after post-anneal deposition at 400°C in dry oxygen ambience were evaluated as a function of deposition time by FESEM and characterized by X-ray photoelectron spectroscopy, respectively.

Findings

It was observed that the composition and thickness of IL were dependent on the starting surface and an aluminum germinate-like composition was formed during RF sputtering for both HF- and HCl-last starting surface.

Originality/value

The novelty of this work is to investigate the starting surface of Ge to IL growth between Al2O3/Ge that will lead to the improvement in Ge metal insulator field effect transistors (MISFETs) application.

Details

Microelectronics International, vol. 34 no. 2
Type: Research Article
ISSN: 1356-5362

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