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Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]

Institutional investors play a significant role as an external watchdog to promote good governance to uphold firm value. The existence of institutional investors as shareholders is able to reduce the agency problem and the costs that arise from shareholder-manager relationship. This study aimed to e...

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Main Authors: Azmi, Nurul Azlin, Abd Sata, Fazrul Hanim, Abdullah, Norhidayah, Ab Aziz, Noor Hidayah, Ismail, Ida Suriya
Format: Article
Language:English
Published: Accounting Research Institute (ARI) 2021
Subjects:
HG Finance
Investment, capital formation, speculation
Online Access:https://ir.uitm.edu.my/id/eprint/47435/1/47435.pdf
https://ir.uitm.edu.my/id/eprint/47435/
https://apmaj.uitm.edu.my/index.php/archive
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spelling my.uitm.ir.474352022-07-05T07:16:19Z https://ir.uitm.edu.my/id/eprint/47435/ Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.] Azmi, Nurul Azlin Abd Sata, Fazrul Hanim Abdullah, Norhidayah Ab Aziz, Noor Hidayah Ismail, Ida Suriya HG Finance Investment, capital formation, speculation Institutional investors play a significant role as an external watchdog to promote good governance to uphold firm value. The existence of institutional investors as shareholders is able to reduce the agency problem and the costs that arise from shareholder-manager relationship. This study aimed to examine the influence of institutional investors’ shareholdings and firm value among public listed firms in Malaysia. Specifically, it is argued that only pressure-insensitive institutional investors play an active monitoring role to increase a firm’s value, while pressure-sensitive investors, do not. This study employed 595 public listed firms from the main market in Bursa Malaysia for the period 2013 to 2017 (2795 firm-year observations). The results show that the pressure-sensitive and pressure-insensitive investors are positively significant to a firm’s value. These findings revealed that institutional investors in Malaysia play a significant role in increasing a firm’s value. This study will have a significant contribution to firms and the academic literature which states that all types of institutional investors in Malaysia are effectively monitoring their roles as an external corporate governance watchdog. The existence of these investors will be able to promote better governance and increase a firm’s value. Accounting Research Institute (ARI) 2021-04 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/47435/1/47435.pdf Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]. (2021) Asia-Pasific Management Accounting Journal, 16 (1). pp. 1-20. ISSN 1675-3194 https://apmaj.uitm.edu.my/index.php/archive
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic HG Finance
Investment, capital formation, speculation
spellingShingle HG Finance
Investment, capital formation, speculation
Azmi, Nurul Azlin
Abd Sata, Fazrul Hanim
Abdullah, Norhidayah
Ab Aziz, Noor Hidayah
Ismail, Ida Suriya
Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]
description Institutional investors play a significant role as an external watchdog to promote good governance to uphold firm value. The existence of institutional investors as shareholders is able to reduce the agency problem and the costs that arise from shareholder-manager relationship. This study aimed to examine the influence of institutional investors’ shareholdings and firm value among public listed firms in Malaysia. Specifically, it is argued that only pressure-insensitive institutional investors play an active monitoring role to increase a firm’s value, while pressure-sensitive investors, do not. This study employed 595 public listed firms from the main market in Bursa Malaysia for the period 2013 to 2017 (2795 firm-year observations). The results show that the pressure-sensitive and pressure-insensitive investors are positively significant to a firm’s value. These findings revealed that institutional investors in Malaysia play a significant role in increasing a firm’s value. This study will have a significant contribution to firms and the academic literature which states that all types of institutional investors in Malaysia are effectively monitoring their roles as an external corporate governance watchdog. The existence of these investors will be able to promote better governance and increase a firm’s value.
format Article
author Azmi, Nurul Azlin
Abd Sata, Fazrul Hanim
Abdullah, Norhidayah
Ab Aziz, Noor Hidayah
Ismail, Ida Suriya
author_facet Azmi, Nurul Azlin
Abd Sata, Fazrul Hanim
Abdullah, Norhidayah
Ab Aziz, Noor Hidayah
Ismail, Ida Suriya
author_sort Azmi, Nurul Azlin
title Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]
title_short Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]
title_full Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]
title_fullStr Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]
title_full_unstemmed Institutional investors ownership and firm value: evidence from Malaysia / Nurul Azlin Azmi …[et al.]
title_sort institutional investors ownership and firm value: evidence from malaysia / nurul azlin azmi …[et al.]
publisher Accounting Research Institute (ARI)
publishDate 2021
url https://ir.uitm.edu.my/id/eprint/47435/1/47435.pdf
https://ir.uitm.edu.my/id/eprint/47435/
https://apmaj.uitm.edu.my/index.php/archive
_version_ 1738513910359654400
score 13.211869

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