The determinants of the investor relations information in the Malaysian companies’ website

Abstract

The main objective of this study is to extend the prior research in Investor relations information and communication through World Wide Web, by looking into the variation of investor information located at the Malaysian corporate website to the factors thought to influence the disclosure level. This study revealed that company size and industry classification was found significantly has positive association with the existence of investor information in the corporate website. On the other hand, for profitability and foreign ownership variables, result show insignificant relationship. The descriptive result may indicate that Malaysian companies may not take the opportunity to communicate with investors and stakeholders via internet, and choose the present traditional communication as what required by law. Another explanation is that, Malaysian companies may be complacent with the current traditional IR communications with institutional investors and funds managers in which this group are indeed familiar with how these Malaysian firms are operating.