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Institutional Ownership and Market-based Performance Indicators: Utilizing Generalized Least Square Estimation Technique

Year: 2014

Type: conference-paper

Abstract: This study investigates the relationship between institutional ownership and company performance of public listed companies in Malaysia. Three years panel data of 730 Malaysian public listed companies were examined. The results showed that institutional ownership had positive and significant relationship with Tobin's Q and share price. Therefore, the involvement of institutional investor in monitoring and controlling activities reduced agency conflict and enhanced corporate performance in the emerging economy.

Source: Procedia - Social and Behavioral Sciences

DOI: 10.1016/j.sbspro.2014.11.105

Authors: Ayoib Che Ahmad, Mohd Abdullah Jusoh

Institutions: Universiti Utara Malaysia, Sultan Idris Education University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W1976619782

FWCI: 4.377

Cites: 72

Cited by: 31

Related to: 10