...-based compensation Disclosure Proprietary cost J33 M41 M52 G34 Prior studies (Nagar et al., 2003) find that stock-based compensation can reduce agency conflicts between shareholders and managers by improving the information environment of the firm, particularly by way...

... Directors’ remuneration G18 J15 J16 J33 Historical factors and cultural characteristics have had a significant impact on the development of the capital market. For instance, the low presence of Bumiputras in the economy is in sharp contrast with the strong Chinese presence. Mansor and Kennedy...