Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5054173 | Economic Modelling | 2014 | 10 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Janice How, Peter Verhoeven, Effiezal Aswadi Abdul Wahab,