Contradictions in the Development of Malay Capital: State, Accumulation and Legitimation

Hui, Lim Mah

doi:10.1007/978-1-349-19568-8_2

Cited by 14 publications

(1 citation statement)

References 13 publications

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“…Meanwhile in 1975, the government introduced the Industrial Coordination Act as a means to force Malaysian Chinese‐controlled firms to offer equity ownership to the Malays (Ali et al, ). By 1980, the government controlled institutional financing, as it owned 77.4% of the local banking industry (Hui, ). Therefore, the post‐1970 period witnessed the expansion of government bureaucracy and companies, resulting in excessive interference in the capital markets.…”

Section: Auditing Political Connections and Family Ownershipmentioning

confidence: 99%

CEO power and audit fees: Evidence from Malaysia

Tee

2019

Int J Auditing

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This study examines the association between chief executive officer (CEO) power and audit fees, and whether this association is influenced by family ownership and political connections. The results show that CEO power is associated with lower audit fees, consistent with alignment incentive effect. However, this relationship is attenuated by political connections and family ownership. Whereas the overall findings suggest that audit fees are affected by CEO power, its association is largely influenced by key institutional settings in an emerging market setting.

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Section: Auditing Political Connections and Family Ownershipmentioning

confidence: 99%

CEO power and audit fees: Evidence from Malaysia

Tee

2019

Int J Auditing

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Macroeconomic management amid ethnic diversity: Fifty years of Malaysian experience

Menon¹

2009

Journal of Asian Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. ADBI's discussion papers reflect initial ideas on a topic, and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each discussion paper (given in the citation below). Some discussion papers may develop into research papers or other forms of publication. The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of ADBI, the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. Terms of use: Documents in ADBI Discussion Paper 102 Jayant Menon AbstractThis paper examines the role that macroeconomic policy management has played in the Malaysian development experience. Given the multiracial nature of Malaysian society, macroeconomic policy has not only been about economic stabilization, but also about addressing income disparities along racial lines in order to preserve social harmony. The affirmative action program under the New Economic Policy was an important signaling device, and served to demonstrate that all should share in future growth. Its actual contribution is difficult to determine, because rapid economic growth and structural change were taking place concurrently. Although its resource cost was not a major drag on growth in the past, the slowdown in FDI inflows and exports post-crisis, combined with demographic change, implies that reforms may be necessary to ensure sustainability, going forward. The key lesson to come from the Malaysian experience is that in a small open economy, the task of achieving the conflicting objectives of growth and equity is facilitated by a long-term commitment to an open and liberal trade and investment policy regime.

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Episodes in the Malaysian auditing saga

Ali

Haniffa

Hudaib

2006

Managerial Auditing Journal

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PurposeThe purpose of this paper is to examine the various episodes in the Malaysian auditing saga, covering the period of the first 40 years post‐independence in 1957 to just before the onset of the Asian Financial Crisis in 1997.Design/methodology/approachBased on documentary analysis, the paper offers a historical account of the development of the auditing profession with reference to the dynamic changes in its political and socio‐economic environment.FindingsThe paper concludes that the function of auditing in Malaysian society responded to political‐economic pressures over time viz. changing from maintaining the economic policy to serve Western investors to accommodating ethnic relations, and to strengthening the bond between local and global corporate elites and the political leaders.Originality/valueSince, little is known of the professionalisation process in Malaysia, our analysis of the structural conditions during the 40 years from the achievement of independence from the British in 1957 to just before the onset of the Asian Financial Crisis in 1997 and our assessment of their implications for auditing contributes to knowledge in this area.

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Contradictions in the Development of Malay Capital: State, Accumulation and Legitimation

Cited by 14 publications

References 13 publications

CEO power and audit fees: Evidence from Malaysia

CEO power and audit fees: Evidence from Malaysia

Macroeconomic management amid ethnic diversity: Fifty years of Malaysian experience

Episodes in the Malaysian auditing saga

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