Institutional Investors, Political Connections and Analyst Following in Malaysia
We examine the association between institutional ownership, political connections, and analyst following in Malaysia from 1999 to 2009. Based on 940 firm-year observations, we document a positive relation between institutional ownership, particularly by Employees Provident Fund (EPF), and analyst fo...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier BV * North-Holland
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/49618 |
| _version_ | 1848758278680477696 |
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| author | How, J. Verhoeven, P. Abdul Wahab, Effiezal Aswadi |
| author_facet | How, J. Verhoeven, P. Abdul Wahab, Effiezal Aswadi |
| author_sort | How, J. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We examine the association between institutional ownership, political connections, and analyst following in Malaysia from 1999 to 2009. Based on 940 firm-year observations, we document a positive relation between institutional ownership, particularly by Employees Provident Fund (EPF), and analyst following, thus supporting the governance role that institutional investors play in promoting corporate transparency. However, there is no evidence that political connections matter to analyst following. The monitoring role of institutional investors, including EPF, does not appear to be any different between politically connected and non-connected firms. |
| first_indexed | 2025-11-14T09:41:27Z |
| format | Journal Article |
| id | curtin-20.500.11937-49618 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:41:27Z |
| publishDate | 2014 |
| publisher | Elsevier BV * North-Holland |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-496182017-12-13T01:35:52Z Institutional Investors, Political Connections and Analyst Following in Malaysia How, J. Verhoeven, P. Abdul Wahab, Effiezal Aswadi We examine the association between institutional ownership, political connections, and analyst following in Malaysia from 1999 to 2009. Based on 940 firm-year observations, we document a positive relation between institutional ownership, particularly by Employees Provident Fund (EPF), and analyst following, thus supporting the governance role that institutional investors play in promoting corporate transparency. However, there is no evidence that political connections matter to analyst following. The monitoring role of institutional investors, including EPF, does not appear to be any different between politically connected and non-connected firms. 2014 Journal Article http://hdl.handle.net/20.500.11937/49618 10.1016/j.econmod.2014.07.043 Elsevier BV * North-Holland fulltext |
| spellingShingle | How, J. Verhoeven, P. Abdul Wahab, Effiezal Aswadi Institutional Investors, Political Connections and Analyst Following in Malaysia |
| title | Institutional Investors, Political Connections and Analyst Following in Malaysia |
| title_full | Institutional Investors, Political Connections and Analyst Following in Malaysia |
| title_fullStr | Institutional Investors, Political Connections and Analyst Following in Malaysia |
| title_full_unstemmed | Institutional Investors, Political Connections and Analyst Following in Malaysia |
| title_short | Institutional Investors, Political Connections and Analyst Following in Malaysia |
| title_sort | institutional investors, political connections and analyst following in malaysia |
| url | http://hdl.handle.net/20.500.11937/49618 |