3rd International Conference on Economics, Finance and Management Outlooks 27-28 July, 2015 Lebua Hotels and Resorts, 1055 Silom Road, Bangrak, Bangkok 10500 Thailand

1. Abstract of Economics, Finance and Management Outlooks, 2015, Vol.3
DOI: 10.18488/journal.1003/2015.3/1003.3
3rd International Conference on Economics, Finance
and Management Outlooks
27-28 July, 2015
Lebua Hotels and Resorts, 1055 Silom Road, Bangrak, Bangkok
10500 Thailand
Conference Website: www.pakrdw.com
21
Paper ID: 615/15/3
rd
ICEFMO
The Corporate Governance, Profitability and the Timeliness
of Financial Statements: A Study of the Public Companies
Listed On the Industrial Product Sector in Malaysia
Gholamreza Zandi1
--- Nur Amalina Abdullah2
1,2
SEGi University, Graduate School of Business (GSB), Malaysia
Abstract
Timeliness of corporate annual financial reports is a crucial factor which affects the
usefulness of information that is made available to external users especially investors.
The purpose of this study is to examine the impact of corporate governance towards
companies’ performances which consequently affect the timeliness of any report
submitted to the local authority. In Malaysia, public depend on the financial statements
submitted to Bursa Malaysia or previously known as Kuala Lumpur Stock Exchange
(KLSE) in order to make sound business decision so directors should provide
shareholders timely information. This study takes the companies’ annual reports and a
list of submission date of annual report to Bursa of Malaysia by public listed
companies. Statistical analyses were performed to examine the relationship between
corporate governance and the timeliness submission of the annual reports to KLSE.
We find that most of the listed companies only submit within the statutory time
requirement installed by the Bursa of Malaysia to avoid being delisted and to maintain
their public image. Only 8.8% companies in Malaysia submit timely within the statutory
requirement.
Keywords: KLSE, Corporate governance, Listed companies, Timeliness.