Investment information via website by Malaysian listed companies

What is it about?

Internet technology is believed to improve efficiency and good practice of information dissemination. This paper examined the investment information disclosed by Malaysian Listed Companies via their websites. Evaluations of investment informations disclosure via the websites were based on score towards the disclosure index developed. One hundred companies listed on the Bursa Malaysia’s Mainboard are selected based on their market capitalization. This study identifies the level of investment information disclosure across industry and found that the investment information disclosure and usage of the multimedia are still unsatisfactory. This study also tests the extent of such disclosure with several firm characteristics (profitability, auditor, efficiency and size) and the result shows that only firm’s size is significant. The implications of these findings are discussed.

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Why is it important?

It is observed that little effort taken by some Malaysian companies in producing investment information to investor community through their websites. Investor may not gain much information because effective comparison could not be made due to the variation of information and lack of reporting among firms. Regulators should encourage companies to disclose more investment information in the website and at the same time thinking of the way to standardize information through electronics reporting. Due to the emerging of technology advancement nowadays, this would provide easiness and confidence to the investor in obtaining information to the companies’ performance and making investment decision.

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