European Academic Research ISSN 2286-4822
ISSN-L 2286-4822
Impact Factor: 3.4546 (UIF)
DRJI Value : 5.9 (B+)
Article Details :
Article Name :
IFRS Practice, Firm Performance and Corporate Governance: Evidence from Malaysia Textile SMEs
Author Name :
MALIK AZHAR HUSSAIN ABDUL RAZAK ABDUL HADI
Publisher :
Bridge Center
Article URL :
Abstract :
The objective of this research is to determine if there is any significant relationship between corporate governance mechanism (accountant’s experience, accountant’s qualification, board size and presence of remuneration committee) and firm performance measured by practice of International Financial Reporting Standards (IFRS) among small and medium enterprises (SMEs) in a textile industry in Malaysia. Quantitative survey method is employed and data are collected from 30 companies. Descriptive statistics is reported and perform logistic regression as an estimation model. The finding reveals a significant positive relationship between the setting of remuneration committee and the practice of IFRS. This finding emphasizes the importance of establishing a risk management committee in sustaining the viability of an enterprise.
Keywords :
Corporate Governance Mechanism, Remuneration Committee, Board size, International Financial Reporting Standards (IFRS).
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