1. UKM Learning and Research Repository
2. Master Thesis / Tesis Master
3. Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

Title:	State ownership, corporate governance and disclosure quality: a comparison between listed companies in Hong Kong and Shanghai Stock Exchange
Authors:	Zuo Shan (P86712)
Supervisor:	Mohd Fairuz Md Salleh, Dr.
Keywords:	Corporate governance Government business enterprises Stock exchanges -- China -- Hong Kong Stock exchanges -- China -- Shanghai Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	3-Mar-2019
Description:	This thesis is to investigate the relationship between state ownership and disclosure quality, and whether corporate governance is able to moderate the relationship between the two variables . Focusing on Hong Kong Stock Exchanges and Shanghai Stock Exchange, the research uses two different data sources to test the same hypothesis and draws different conclusions. There are 91 state owned enterprises listed in Hong Kong Exchanges and 100 state owned enterprises in Shanghai Stock Exchange. The sample is selected from the existing companies by referring to complete and precise information from the year of 2014 to 2016. The total numbers of sample are 68 and 64 companies listed in Hong Kong Exchanges and Shanghai Stock Exchange, respectively. For hypotheses 1, in Hong Kong Stock Exchange, the findings revealed a significantly positive relationship between state ownership and disclosure quality; by comparison, in Shanghai Stock Exchange, the findings turned out to be the opposite. For hypotheses 2,corporate governance strengthens the relationship between state ownership and disclosure quality in Hong Kong Stock Exchange, but in Shanghai Stock Exchange, corporate g overnance weakens this relationship. For hypotheses 3, the result showed that information disclosure of Hong Kong Stock Exchange is better than that of Shanghai Stock Exchange. The research has two contributions. First is about literature. The thesis provides a deeper understanding of the relationships of the state ownership, disclosure quality and corporate governance between mainland China and Hong Kong, based on the two different economic systems. Second is about policy with the “One Belt One Road” policy. The research could be useful for investors to decide which market is more worth investing in. The research also provides advice for Chinese regulators to access the disclosure practices and deliberate over appropriate requirements of corporate governance, so as to improve corporate disclosure and transparency.,Master of Accounting
Pages:	99
Call Number:	HD2741.S536 2019 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.