Effect of corporate governance on firms' credit ratings: the role of board of directors
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Malaysia experienced rapid economic growth at an average annual Gross Domestic Product (GDP) growth of 8.5% during the 1990s due to its financial liberalization policy. This rapid growth came to a halt after the impact of the Asian financial crisis occurred on 1997-1998 causing the economy into recession. This prompted the Malaysian government to urgently develop a sophisticated capital market backed by an efficient regulatory framework to instil investors' confidence in order to attract capital inflow from the local and foreign investors to restart the economy.
Credit ratings , Corporate governance , Board of director , Audit committee , Malaysia
Ng, Yan Ling and Muhamad Sori, Zulkarnain and Lee, Teck Heang. (2012). Effect of corporate governance on firms' credit ratings: the role of board of directors. In Zulkarnain Muhamad Sori, Ridzwana Mohd Said, Mazrah Malek & Rosmila Senik (Eds.), Corporate governance practices in Malaysia (pp. 261-287). Serdang, Selangor: UPM Press.