@article{MAKHILLIBM20137325723,
    title = {Surplus Free Cash Flow and the Effect of Corporate Governance on the Informativeness of Earnings},
    journal = {International Business Management},
    volume = {7},
    number = {3},
    pages = {214-228},
    year = {2013},
    issn = {1993-5250},
    doi = {ibm.2013.214.228},
    url = {https://makhillpublications.co/view-article.php?issn=1993-5250&doi=ibm.2013.214.228},
    author = {Redhwan Ahmed and},
    keywords = {ownership structure,governance structure,Earnings informativeness,surplus free cash flow,Bursa Malaysia},
    abstract = {This study examines whether the association between selected 
  governance variables and earnings informativeness depends on surplus free cash 
  flow agency problem in the Malaysian environment where concentrated shareholding 
  by family members is common and minority investor protection is relatively weak. 
  The results find that boards with a higher proportion of independent directors 
  and competent audit committees are more likely to report informative earnings 
  numbers. We also demonstrate that firms with independent chairman, small boards 
  and high surplus free cash flow experience informative earnings figures. However, 
  in contradiction to the expectation are the negative influence of audit committee 
  meetings, audit committee competence and shareholding by executive directors 
  when agency problems of surplus free cash flow are high. The findings of this 
  study suggest regulatory bodies to design corporate governance code that is 
  suitable for Malaysian environment and can help regaining investors’ confidence 
  towards accounting and financial information.}
    }