Consequently, it will enhance the success of the Malaysian Government’s
Economic Transformation Plan (ETP) which states that one of the objectives is to
be a transparent government. Furthermore, it is important to assess the impact of
property company management strategies on enhancing investment appeal and
creating shareholder value for the listed property companies (Newell et al., 2005). With
numerous scandals on reporting and auditing in corporate companies, transparency
and disclosure practices are important components and a leading indicator of quality
corporate governance (Aksu and Kosedag, 2006).