Dr Nurisyal, Muhamad (2021) 1st International Conference of Cross-The Effectiveness Of Board Diversity In Financial Distress Companies In Malaysia. ICAR 2021Disciplinary Academic Research 2021 (ICAR21) - 2021 : The Effectiveness Of Board Diversity In Financial Distress Companies In Malaysia. ICAR 2021. 1st International Conference of Cross-Disciplinary Academic Research 2021 (ICAR21), NA (NA). p. 76. ISSN 978-967-26577-0-5
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Abstract
The declining of financial performance is often associated with weak function of the role of the board in the companies. The number of public listed companies that categorized as Practice Note (PN17) by Bursa Malaysia shows an increasing due to financial distress. This study examines the effectiveness of board diversity in financially distressed companies that categorized as PN17 by Bursa Malaysia using content analysis of annual reports for five years as secondary data. The characteristics of board diversity include board professionalism and politically connected board whereas the proxy of financial distress will be measured using Altman Z Score for multiple regressions in evaluating financial performance ratios. The implementation of Malaysian Code on Corporate Governance (MCCG) in 2021 also will be assessed on the effectiveness of board diversity and its interaction on financial distress. The findings from this study is expected to provide evidence that board diversity may has a significant relationship with financially distressed companies. Overall, this study may assist investors, practitioners as well as external regulators in monitoring the company by assessing the effectiveness of board diversity from being classified as financially distressed companies.
Item Type: | Article |
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Uncontrolled Keywords: | 1st International Conference of Cross-Disciplinary Academic Research 2021 (ICAR21) |
Subjects: | H Social Sciences > HD Industries. Land use. Labor |
Divisions: | Institute of Graduate Studies (IGS) |
Depositing User: | LIBRARY1 UPTM |
Date Deposited: | 13 Jun 2025 02:01 |
Last Modified: | 13 Jun 2025 02:03 |
URI: | http://eprints.kuptm.edu.my/id/eprint/4337 |
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