Understanding the share ownership of institutional investors in Malaysia
The vast amount of assets owned by institutional investors has significantly altered the ownership structure of organizations.The purpose of this study is to explore the share ownership by institutional investors among firms listed on Bursa Malaysia.The sample consists of 330 firms as listed in 2011...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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INSInet Publications
2016
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| Online Access: | https://repo.uum.edu.my/id/eprint/18694/1/AJBAS%2010%2011%20S%202016%20176-184.pdf |
| _version_ | 1825804073386901504 |
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| author | Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin |
| author_facet | Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin |
| author_sort | Abd Mutalib, Hafizah |
| collection | UUM |
| description | The vast amount of assets owned by institutional investors has significantly altered the ownership structure of organizations.The purpose of this study is to explore the share ownership by institutional investors among firms listed on Bursa Malaysia.The sample consists of 330 firms as listed in 2011, and the share ownership of institutional investors is measured by the percentage of ownership held by the institutional investors in the annual report.The results reveal that more than two-third of the firms under study
has share ownership by institutional investors. The largest share ownership is by the unit trusts and mutual funds institutions.Furthermore, by separate institutions, the government-managed unit trust fund, namely the Permodalan Nasional Berhad (PNB) and the ‘Pilgrims Fund’ or the Lembaga Tabung Haji (LTH) hold the highest percentage of share ownership, followed by the government-managed pension fund, namely the Employees Provident Fund (EPF).When institutions are classified according to their investment behavior, dedicated institutions mark a higher level of
ownership compared to transient institutions. Moreover, government-managed institutions significantly dominate the market for institutional shareholdings. |
| first_indexed | 2024-07-04T06:08:25Z |
| format | Article |
| id | uum-18694 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:08:25Z |
| publishDate | 2016 |
| publisher | INSInet Publications |
| record_format | eprints |
| spelling | uum-186942016-10-03T01:27:19Z https://repo.uum.edu.my/id/eprint/18694/ Understanding the share ownership of institutional investors in Malaysia Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin HF5601 Accounting The vast amount of assets owned by institutional investors has significantly altered the ownership structure of organizations.The purpose of this study is to explore the share ownership by institutional investors among firms listed on Bursa Malaysia.The sample consists of 330 firms as listed in 2011, and the share ownership of institutional investors is measured by the percentage of ownership held by the institutional investors in the annual report.The results reveal that more than two-third of the firms under study has share ownership by institutional investors. The largest share ownership is by the unit trusts and mutual funds institutions.Furthermore, by separate institutions, the government-managed unit trust fund, namely the Permodalan Nasional Berhad (PNB) and the ‘Pilgrims Fund’ or the Lembaga Tabung Haji (LTH) hold the highest percentage of share ownership, followed by the government-managed pension fund, namely the Employees Provident Fund (EPF).When institutions are classified according to their investment behavior, dedicated institutions mark a higher level of ownership compared to transient institutions. Moreover, government-managed institutions significantly dominate the market for institutional shareholdings. INSInet Publications 2016 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/18694/1/AJBAS%2010%2011%20S%202016%20176-184.pdf Abd Mutalib, Hafizah and Muhammad Jamil, Che Zuriana and Wan Hussin, Wan Nordin (2016) Understanding the share ownership of institutional investors in Malaysia. Australian Journal of Basic and Applied Sciences, 10 (11 s). pp. 176-184. ISSN 1991-8178 http://ajbasweb.com/old/ajbas_Special%20IPN%20May_2016.html |
| spellingShingle | HF5601 Accounting Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin Understanding the share ownership of institutional investors in Malaysia |
| title | Understanding the share ownership of institutional investors in Malaysia |
| title_full | Understanding the share ownership of institutional investors in Malaysia |
| title_fullStr | Understanding the share ownership of institutional investors in Malaysia |
| title_full_unstemmed | Understanding the share ownership of institutional investors in Malaysia |
| title_short | Understanding the share ownership of institutional investors in Malaysia |
| title_sort | understanding the share ownership of institutional investors in malaysia |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/18694/1/AJBAS%2010%2011%20S%202016%20176-184.pdf |
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