Lode, Nor Asma (2012) The CMAR and extent of compliance with IFRS 101 standard among Malaysian ace market companies. Journal of Business Management and Accounting (JBMA), 2 (2). pp. 65-79. ISSN 2231-9298

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Abstract

Malaysia is on the track to achieve full convergence and adoption of the International Financial Reporting Standards (IFRSs) by 2012. This study seeks to find out the extent of compliance with IFRS 101 ‘Presentation of Financial Statements’ before the effective date.Using total disclosure index (TDI), the findings shows that most of Malaysian Ace Market companies have complied with IFRS 101.The present study also indicates that the Cumulative Market Adjusted Return (CMAR) is positive and significant for both partial and full compliance of IFRS 101 among the Malaysian Ace Market companies. Multivariate regression analysis further provides a lack of significant association between CMAR and announcement of earnings (i.e. EPS).Nevertheless, the percentage of independent directors on the board (BDIND) is found to be a positive and a significant corporate governance variable that associates with CMAR.These findings imply that policy makers and regulators should encourage Ace Market companies to have the most optimal number of independent board of directors for future improvements of CMAR.

Item Type:	Article
Uncontrolled Keywords:	IFRS 101, CMAR, Ace Companies, total disclosure index
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User:	Dr. Nor Asma Lode
Date Deposited:	18 Jan 2017 08:29
Last Modified:	18 Jan 2017 08:29
URI:	https://repo.uum.edu.my/id/eprint/20691

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