1. UKM Learning and Research Repository
2. Master Thesis / Tesis Master
3. Graduate School of Business / Pusat Pengajian Siswazah Perniagaan

Title:	Monitoring role of institutional investors in enhancing corporate governance and firm performance
Authors:	Zuhairah Abdul Hadi (ZP00440)
Supervisor:	Azlina Ahmad, Dr.
Keywords:	Institutional investors Corporate governance Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	1-Oct-2012
Description:	The separation of ownership and control is the basis of agency conflict that becomes the reason for shareholders activism. Past studies have found that large blockholders such as institutional investors provides effective monitoring, resulting in better shareholders protection through implementation of good corporate governance. Their presences were also found to be associated with better portfolio firms' performance. However, studies that looked at institutional investors' monitoring found that institutional investors vary in their incentives to monitor. Malaysia provides a different setting to study the monitoring role of institutional investors. Public institutional investors in Malaysia hold a large percentage of equity in Public Listed Firms, but their investment decisions are constrainted by the need to support government policies making them less effective corporate monitors. Foreign institutional investors have also been found to be very active in enhancing corporate governance and firm performance. However, very limited studies have looked at the monitoring role of foreign institutional investor in developing countries such as in Malaysia. This study looks at the monitoring role of institutional investors by examining the mediating effect of corporate governance on the relationship between institutional investors' ownership and firm performance for firms listed on Bursa Malaysia in 2009. The Malaysian Corporate Governance Index 2009 is used to measure firm level corporate governance while Return on Assets and Tobins Q are used to measure firm performance. Multiple regressions was used to test the relationship between three types of institutional investors' ownership which are public, private and foreign institutional investors with corporate governance and firm performance. The result shows that public institutional investors in this country are now becoming very active monitors compared to private institutional investors The presence of foreign institutional investors are also found to influence corporate governance. Further examination showed that the combine monitoring by public and foreign institutional investors result in very strong monitoring and positively impact corporate governance and firm performance.,'Certification of Master's/Doctoral Thesis is not available,Master Accounting
Pages:	151
Call Number:	HG4521.Z834 2012 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Graduate School of Business / Pusat Pengajian Siswazah Perniagaan

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.