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The Impacts of Covid-19 on Management and Discussion Analysis (MD & A) Disclosures: Evidence in Malaysia

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dc.contributor.authorNurul Nazlia Jamilen_US
dc.contributor.authorAzreen Jihan Che Mohd Hashimen_US
dc.date.accessioned2024-05-28T06:42:57Z
dc.date.available2024-05-28T06:42:57Z
dc.date.issued2021
dc.descriptionVol. 11, No. 3 (Page: 19 - 32)en_US
dc.description.abstractAs the Coronavirus (COVID-19) pandemic is predicted to plunge the global economy, the disclosure on the trends or uncertainties impacting the business operation and financial condition is deemed essential. One of the disclosure areas affected by COVID-19 is management discussion and analysis (MD&A) which is urged to report current and potential future impact of the global pandemic to operations and financial conditions. In this paper, the study is to analyse the information of MD&A disclosure whether the management stating their reaction in relation to COVID-19 implications. The quantitative methodology using secondary data has been utilized to conduct the study. Using a sample of 76 Malaysian public listed companies that made early disclosure on COVID-19 statement, the study employed sentiment analysis to code for the overall tone or sentiment statement made by the chairman/CEO in MD&A. The finding shows that 40.8% (n = 31 firms) of the top management signals pessimistic reaction (P), 21.1% (n =16 firms) shows optimistic reaction (O), 17% (n = 13 firms) shows realism reaction (R) and 21.1% (n = 16 firms) provides no statement on COVID-19 in their MD&A. The top management’s reaction could serve as one of the communication mediums to signal positive, neutral or negative financial and economic anticipation. We believe the study is timely to provide such evidence as capital market regulators worldwide recently has called for the stock exchange operator to issue additional guidance for companies going forward to inform their shareholders and the investing public about the impacts of the COVID-19 pandemic. Further researches can be conducted to analyse any action taken by companies to modify their MD&A disclosures to adequately capture all the elements of this developing situation and provide more information to users.en_US
dc.identifier.citationJamil, N. N., & Hashim, A. J. C. M. (2021). The Impacts of Covid-19 on Management and Discussion Analysis (MD & A) Disclosures: Evidence in Malaysia. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(3), 19–32.en_US
dc.identifier.doi10.6007/IJARAFMS/v11-i3/10591
dc.identifier.epage32
dc.identifier.issn2225-8329
dc.identifier.issue3
dc.identifier.spage19
dc.identifier.urihttps://hrmars.com/index.php/IJARAFMS/article/view/10591/The-Impacts-of-Covid-19-on-Management-and-Discussion-Analysis-MD-A-Disclosures-Evidence-in-Malaysia
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7639
dc.identifier.volume11
dc.language.isoen_USen_US
dc.publisherHuman Resource Management Academic Research Societyen_US
dc.relation.ispartofInternational Journal of Academic Research in Accounting, Finance and Management Sciencesen_US
dc.subjectCoronavirus, COVID-19, Pandemic, Management Discussion and Analysis, MD&Aen_US
dc.titleThe Impacts of Covid-19 on Management and Discussion Analysis (MD & A) Disclosures: Evidence in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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