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Institutional shareholdings and financial characteristics of Malaysian listed companies

Abdullah, Shamsul Nahar and Yahya, Mohd Azlan and Elham, Faisol (1999) Institutional shareholdings and financial characteristics of Malaysian listed companies. Malaysian Management Journal, 3 (1). pp. 39-49. ISSN 0128-6226

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This study attempts to investigate the extent to which the financial characteristics of firms are related to institutional shareholdings. The primary motivation to carry out the study comes from an earlier paper by hessel and Norman (1992), which showed that seven financial ratios discriminated between strongly-held and institutionally-neglected firms. As an extension of the study, the present study seeks to investigate the seven financial ratios among Malaysian companies by identifiying differences in the means of the seven ratios between a group of companies with substantial institutional shareholdings against another group of companies with negligible institutional shareholdings. The findings, from a sample of KLSE listed companies, broadly support the findings by Hessel and Norman (1992), in which firms with signiificant institutional shareholdings exhibited a significantly higher profitability ratio against firms that were neglected by institutional investors.

Item Type: Article
Uncontrolled Keywords: institutional shareholdings, listed companies, Malaysia
Subjects: H Social Sciences > HF Commerce
Divisions: College of Business
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 08 Aug 2010 09:10
Last Modified: 28 Jun 2015 01:31
URI: http://repo.uum.edu.my/id/eprint/517

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