Corporate Governance and R D Reporting in Malaysian MESDAQ Market

This study examines the relationship between corporate governance and R D reporting among firms sted on Malaysian MESDAQ market. This study extends previous studies by performing a more detailed analysis on the disclosure of R D information. R D information is classified according to whether the disclosure represents forward looking or historical, financial or non-financial and quantitative or non-quantitative orientation of information. Our findings show that an increase in government ownership influence quantitative and financial R D disclosure. However, family, foreign, management and institutional ownership do not influence R D disclosure. We also find that audit quality represented by Big 4 audit firms play an important role in promoting R D disclosure of MESDAQ companies