Corporate governance quality and voluntary disclosures of corporate governance information: practices of listed Malaysian family controlled businesses

Abstract

This paper investigates the impact of family control on the association between corporate governance quality and voluntary disclosure of corporate governance information of publicly listed Malaysian companies. In addition the impact of incentive factors are also examined for both family and non-family controlled businesses in relation to voluntary disclosures. The findings suggest that the positive association between corporate governance quality and voluntary disclosure is weaker in family controlled businesses. Stock-based compensation significantly impacts the association.