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rticipated in CSR activities and disclosure in 2007 as a way to remain competitive and gain sustainability in the industry. Hence, hypothesis H2b is only accepted for 2006.

Hypothesis H3a predicts that the higher the percentage of government ownership, the stronger will be the positive relationship between intangible assets and the extent of CSR disclosure. As presented in Tables 10 to 12, no significant results were reveled regarding the interaction effects of government ownership with the p-values of .355, .748 and .115 in 2006, 2007 and 2008 respectively. The insignificant result may have been due to the fact that the availability of resources had superseded the roles of the government towards the society through the CSR activities (Arshad et al., 2010). Hence, hypothesis H3a is rejected for three sample years.

Finally, hypothesis H3b predicts that the higher the percentage of government ownership, the stronger will be the positive relationship between tangible assets and the extent of CSR disclosure. The results showed that significant positive results were revealed in 2006 and 2008 with 0.031 and 0.023 coefficient values respectively. This implied that the government had influenced public listed companies especially GLCs to actively make some contribution to social activities to be a role model in encouraging other companies to follow the lead. This result was consistent with that of previous studies reported by Darus et al. (2009), Amran & Devi (2008), Ying et al. (2008), and Mohd Ghazali (2007) who suggested that the GLCs had a reporting accountability towards the public because they were considered public owned companies. This type of companies represented government in carrying out their responsibility to serve the public at large through the various CSR activities and disclosed more CSR information.

However, Table 11 presents an insignificant interaction of the relationship between government ownership towards tangible assets and CSR disclosures. This was inconsistent with that of Haron et al. (2004) who argued that government owned companies had received financial assistance from the government in order to run their businesses for survival and continuity purposes during the economic crisis. This study proved that companies at this critical time would use the available resources to make certain company developments and growth strategies were undertaken properly regardless of the government’s interference. Hence, hypothesis H3b is accepted for 2006 and 2008.

Table 13 shows the summary of the main findings based on the multiple regression analysis that uses the normal scores after the transformation of the data through the Van Der Waerden method. All variables including independent, mediating and control variables are taken into consideration during the regression process.

In conclusion, the descriptive statistics have shown a significant increase in the extent of CSR disclosures in 2007 and 2008 providing evidences that the implementation of the mandatory disclosure requirement has influenced companies to participate in CSR activities and disclosures. This was consistent with the result of the t-test which showed a significant difference before and after the implementation of the CSR disclosure regulation.

The results from the univariate tests showed that the extent of CSR disclosures was significantly associated with the individual in