The Effect of Proprietary Costs and Ownership Structure on the Disclosure of Directors’ Share Options

This study examines the proprietariness of information and the influence of ownership structure on the disclosure of information on directors’ share options of 140 Malaysian public listed companies over a 2 year period (2004-2005). Results revealed that family and government ownership dominate managers’ disclosure decision of directors’ share options information. The proprietariness of information did not seem to affect the disclosure decisions of managers in providing directors’ share options information.