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dc.contributor.authorHow, J.
dc.contributor.authorVerhoeven, P.
dc.contributor.authorAbdul Wahab, Effiezal Aswadi
dc.identifier.citationHow, J. and Verhoeven, P. and Abdul Wahab, E.A. 2014. Institutional Investors, Political Connections and Analyst Following in Malaysia. Economic Modelling. 43: pp. 158-167.

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.

dc.publisherElsevier BV * North-Holland
dc.titleInstitutional Investors, Political Connections and Analyst Following in Malaysia
dc.typeJournal Article
dcterms.source.titleEconomic Modelling
curtin.departmentSchool of Accounting
curtin.accessStatusOpen access

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