Corporate risk disclosure: evidence of Shari'ah compliant companies in Malaysia / Noridayu Abdullah Sani

Abdullah Sani, Noridayu (2011) Corporate risk disclosure: evidence of Shari'ah compliant companies in Malaysia / Noridayu Abdullah Sani. Masters thesis, Universiti Teknologi MARA.

[img]
Preview
Text
TM_NORIDAYU ABDULLAH SANI AC 11_5.pdf

Download (1MB) | Preview

Abstract

An increase in corporate failure in the global market resulted in an increase in demand on risk disclosure by the market participants. Owing to the rule of full disclosure in Islamic accounting, Shari'ah compliant companies need to increase the quality of corporate disclosure to maintain investors' confidence towards the benefits of Shari'ah principles in protecting their investment returns that include information on business risks. For Shari'ah compliant companies, Shari'ah stock screening criteria involves investment screening based on qualitative and quantitative tools that will result in the selection of Shari'ah compliant companies and removal of Shari'ah non-compliant companies. The main objective of this study is to examine the influence of corporate risk disclosure on companies' performance. The second objective is to examine the moderation effect of the screening criteria (FTSE Bursa Malaysia EMAS Shari 'ah Index and FTSE Bursa Malaysia Hijrah Shari'ah Index) on the relationship between CRD and companies' performance. The analysis reveals that there is significant negative relationship between the CRD and companies' performance. This indicates that an improvement in companies' performance is not a factor to encourage company to release more information on business risks. FTSE Bursa Malaysia EMAS Shari'ah Index and FTSE Bursa Malaysia Hijrah Shari'ah Index do not have an interactive influence on the relationship between corporate risk disclosure and companies' performance.

Item Type: Thesis (Masters)
Creators:
CreatorsID Num.
Abdullah Sani, NoridayuUNSPECIFIED
Divisions: Faculty of Accountancy
Item ID: 17184
Uncontrolled Keywords: Corporate risk disclosure; Shari'ah compliant companies
Last Modified: 21 Nov 2018 04:19
Depositing User: Staf Pendigitalan 5
URI: http://ir.uitm.edu.my/id/eprint/17184

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year