Corporate Governance and Institutional Investors: Evidence from Malaysia
In 2001, Malaysia undertook important corporate governance reforms, which saw theintegration of the Malaysian Code on Corporate Governance (MCCG) into KualaLumpur Stock Exchange (KLSE) Listing Rules and the establishment of the MinorityShareholder Watchdog Group (MSWG), which aims to enhance institu...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Asian Academy of Manaagement and Penerbit Universiti Sains Malaysia
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/39335 |
| _version_ | 1848755563555454976 |
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| author | Abdul Wahab, Effiezal Aswadi How, J. Verhoeven, P. |
| author_facet | Abdul Wahab, Effiezal Aswadi How, J. Verhoeven, P. |
| author_sort | Abdul Wahab, Effiezal Aswadi |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In 2001, Malaysia undertook important corporate governance reforms, which saw theintegration of the Malaysian Code on Corporate Governance (MCCG) into KualaLumpur Stock Exchange (KLSE) Listing Rules and the establishment of the MinorityShareholder Watchdog Group (MSWG), which aims to enhance institutional investoractivism. Following this development, this study investigates the relationship betweencorporate governance and institutional ownership in Malaysia. Our panel analysis of 434firms listed on Bursa Malaysia during 1999–2002 finds that institutional ownership ispositively and significantly related to corporate governance. However, we find that therelationship becomes less positive after 2001, suggesting that the monitoring effects ofinstitutional ownership and corporate governance arise simultaneously andendogenously. |
| first_indexed | 2025-11-14T08:58:18Z |
| format | Journal Article |
| id | curtin-20.500.11937-39335 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:58:18Z |
| publishDate | 2008 |
| publisher | Asian Academy of Manaagement and Penerbit Universiti Sains Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-393352017-02-28T01:42:10Z Corporate Governance and Institutional Investors: Evidence from Malaysia Abdul Wahab, Effiezal Aswadi How, J. Verhoeven, P. In 2001, Malaysia undertook important corporate governance reforms, which saw theintegration of the Malaysian Code on Corporate Governance (MCCG) into KualaLumpur Stock Exchange (KLSE) Listing Rules and the establishment of the MinorityShareholder Watchdog Group (MSWG), which aims to enhance institutional investoractivism. Following this development, this study investigates the relationship betweencorporate governance and institutional ownership in Malaysia. Our panel analysis of 434firms listed on Bursa Malaysia during 1999–2002 finds that institutional ownership ispositively and significantly related to corporate governance. However, we find that therelationship becomes less positive after 2001, suggesting that the monitoring effects ofinstitutional ownership and corporate governance arise simultaneously andendogenously. 2008 Journal Article http://hdl.handle.net/20.500.11937/39335 Asian Academy of Manaagement and Penerbit Universiti Sains Malaysia restricted |
| spellingShingle | Abdul Wahab, Effiezal Aswadi How, J. Verhoeven, P. Corporate Governance and Institutional Investors: Evidence from Malaysia |
| title | Corporate Governance and Institutional Investors: Evidence from Malaysia |
| title_full | Corporate Governance and Institutional Investors: Evidence from Malaysia |
| title_fullStr | Corporate Governance and Institutional Investors: Evidence from Malaysia |
| title_full_unstemmed | Corporate Governance and Institutional Investors: Evidence from Malaysia |
| title_short | Corporate Governance and Institutional Investors: Evidence from Malaysia |
| title_sort | corporate governance and institutional investors: evidence from malaysia |
| url | http://hdl.handle.net/20.500.11937/39335 |