Risk disclosure and performance of Malaysian construction public listed companies

Wong Ching Ching, Ali M. Alashwal, Faizul Azli Mohd Rahim

Research output: Chapter in Book / Conference PaperConference Paperpeer-review

Abstract

Due to regulatory reforms, corporate governance has evolved with Enterprise Risk Management become prominence since the 1990s. In Malaysia, Statement of Risk Management and Internal Control with Malaysian Corporate Code of Governance are regulatory compliance on risk management for the Public Listed Companies. Companies are required to make risk disclosures in their annual report based on Risk Management Framework, which indirectly provided insights for shareholders and investors to assess the company’s performance. This study aims to determine the extent of risk implementation based on Risk Management Framework and the effect on construction Public Listed Companies performance. The sample of this study consists of 227 construction Public Listed Companies in Malaysia Bourse from 2011, 2014, 2015, 2016 and 2017. Content analysis is conducted on the company’s annual reports for the five years based on Risk Management Framework components and financial ratios. The study revealed the presence of both guidelines had increased risk disclosure among construction Public Listed Companies but there was no significant improvement in their financial performance.
Original languageEnglish
Title of host publicationProceedings of the International Conference on Built Environment and Engineering 2018: Enhancing Construction Industry Through IR4.0, (IConBEE2018), Johor, Malaysia, October 29-30, 2018
PublisherEDP Sciences
Number of pages7
DOIs
Publication statusPublished - 2019
EventInternational Conference on Built Environment and Engineering -
Duration: 29 Oct 2018 → …

Publication series

Name
ISSN (Print)2261-236X

Conference

ConferenceInternational Conference on Built Environment and Engineering
Period29/10/18 → …

Open Access - Access Right Statement

© The Authors_published by EDP Sciences_2019. This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0_which permits unrestricted use_distribution_and reproduction in any medium_provided the original work is properly cited.

Keywords

  • Malaysia
  • construction industry
  • corporate governance
  • corporations
  • risk management

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