Corporate governance reforms in Malaysia: Insights from institutional theory

Iqbal Khadaroo, Junaid M. Shaikh

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)


This paper uses the institutional theory framework to explain the current corporate governance reforms in Malaysia between 1998 and 2004. It explores the roles played by both existing and new institutions in promulgating regulations and voluntary codes on corporate governance. It is argued that 'coercive', 'normative' and 'mimetic' pressures have shaped current corporate governance practices in Malaysia. 'Normative' pressures from the accounting and legal professions and international developments have 'coerced' Malaysia into reforming and strengthening its existing corporate governance practices. This study further highlights that the Malaysian approach to corporate governance reforms is mostly geared towards regulation.

Original languageEnglish
Pages (from-to)37-49
Number of pages13
JournalWorld Review of Entrepreneurship, Management and Sustainable Development
Issue number1
Publication statusPublished - 2007
Externally publishedYes


  • Corporate governance
  • Institutional theory
  • Malaysia
  • Reforms
  • Regulation

ASJC Scopus subject areas

  • Business and International Management
  • Renewable Energy, Sustainability and the Environment
  • Economics and Econometrics


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