Institutional Investors and Analyst Coverage in Malaysia

Abdul Wahab, Effiezal Aswadi

doi:10.2139/ssrn.2025622

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Institutional Investors and Analyst Coverage in Malaysia

41 Pages Posted: 19 Mar 2012

See all articles by Effiezal Aswadi Abdul Wahab

Effiezal Aswadi Abdul Wahab

Curtin University - School of Accounting

Date Written: January 2012

Abstract

This study examines the relationship between institutional investors’ ownership and analyst coverage for firms in Malaysia during the period of 1999 to 2009. Based on 940 firm-year observations, this study documents that institutional demand for information is likely to affect analyst decision on which firms to follow. This gives evidence to suggest that institutional investors play a governance role by promoting better transparency which attracts higher analyst coverage.

Keywords: Institutional Investors, Analyst Coverage, Corporate Governance

JEL Classification: G32, G34

Suggested Citation: Suggested Citation

Abdul Wahab, Effiezal Aswadi, Institutional Investors and Analyst Coverage in Malaysia (January 2012). Available at SSRN: https://ssrn.com/abstract=2025622 or http://dx.doi.org/10.2139/ssrn.2025622