Institutional shareholdings and financial characteristics of Malaysian listed companies
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 betw...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
1999
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| Online Access: | https://repo.uum.edu.my/id/eprint/517/1/Shamsul_Nahar_Abdullah.pdf |
| _version_ | 1825739694847033344 |
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| author | Abdullah, Shamsul Nahar Yahya, Mohd Azlan Elham, Faisol |
| author_facet | Abdullah, Shamsul Nahar Yahya, Mohd Azlan Elham, Faisol |
| author_sort | Abdullah, Shamsul Nahar |
| collection | UUM |
| description | 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. |
| first_indexed | 2024-07-04T05:13:40Z |
| format | Article |
| id | uum-517 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:13:40Z |
| publishDate | 1999 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-5172015-06-28T01:31:50Z https://repo.uum.edu.my/id/eprint/517/ Institutional shareholdings and financial characteristics of Malaysian listed companies Abdullah, Shamsul Nahar Yahya, Mohd Azlan Elham, Faisol HF Commerce 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. Universiti Utara Malaysia 1999 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/517/1/Shamsul_Nahar_Abdullah.pdf 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 http://mmj.uum.edu.my |
| spellingShingle | HF Commerce Abdullah, Shamsul Nahar Yahya, Mohd Azlan Elham, Faisol Institutional shareholdings and financial characteristics of Malaysian listed companies |
| title | Institutional shareholdings and financial characteristics of Malaysian listed companies |
| title_full | Institutional shareholdings and financial characteristics of Malaysian listed companies |
| title_fullStr | Institutional shareholdings and financial characteristics of Malaysian listed companies |
| title_full_unstemmed | Institutional shareholdings and financial characteristics of Malaysian listed companies |
| title_short | Institutional shareholdings and financial characteristics of Malaysian listed companies |
| title_sort | institutional shareholdings and financial characteristics of malaysian listed companies |
| topic | HF Commerce |
| url | https://repo.uum.edu.my/id/eprint/517/1/Shamsul_Nahar_Abdullah.pdf |
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