Framing public governance in Malaysia: Rhetorical appeals through accrual accounting

Abstract

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Watchdogs, helpers or protectors? – Internal auditing in Malaysian Local Government

“…These include its adoption of NPM in common with other developing countries (see Siddiquee, 2006 for a detailed historical review), its growth experience and the need for public sector management. Of specific importance, following the GFC there was recognition that good governance of the public sector in Malaysia was strategically important for its socio-economic recovery and future economic growth (Ferry et al, 2014;Ferry, Zakaria, Zakaria, & Slack, 2017). More recently, the World Bank (2016) draws attention to the Malaysian experience as relevant for 'emerging economies in Asia, Africa and elsewhere that are transitioning…into shared prosperity'.…”

Corporate Governance and Elites

“…However, unlike traditional and religious elites, our data indicate that political elitism in Nigeria bears considerable influences that overwhelm those of other elitist groups. The locus of opportunity space accessible by political elites is extensive given the (mis)conceptions regarding democracy and economic development (Ferry et al, 2017). The manipulation of state machinery is largely possible by politicians.…”

“…Udama (2013) and Okafor (2013) also argued that the pervasive corruption in the Nigerian social sphere not only has an adverse impact on the political system but has equally stimulated corporate corruption. Furthermore, the literature has identified the existence of a symbiotic relationship between elites and institutions (Ferry et al, 2017). Higley and Lenygel (2000), for example, noted that elites shape institutions, but institutional mechanisms influence how elites compete and emerge.…”

“…This risk is prevalent in developing economies with considerable natural resources but weak regulation, thereby offering immense possibilities for corruption (Ferry, Zakaria, Zakaria & Slack, 2017). Hoskisson, Eden, Lau and Wright (2000) note that it is easier to engage in corruption in environments that lack functional governance structures, independent checks and balances, transparent reporting standards, and efficient judicial systems.…”

“…Indeed, the prospect of evading prosecution encourages the pursuit of political authority. While the influences and powers of political elites are aided by weaknesses in legal institutions (Adegbite, 2012;Ferry et al, 2017), this development has had implications for the legitimacy of political institutions. E9 stated that: You see the way political leaders parade themselves and show off their wealth.…”