Does institutional investors’ monitoring substitute for litigation in curbing insider trading? The case of Malaysia

Citation

Wasiuzzaman, Shaista and Lim, Kean Hua (2017) Does institutional investors’ monitoring substitute for litigation in curbing insider trading? The case of Malaysia. Managerial Finance, 43 (1). pp. 141-151. ISSN 0307-4358

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Abstract

The ineffectiveness of external governance mechanisms (laws and regulations) designed to curb insider trading in Malaysia leads this study to focus on the role of internal governance of firms in helping to reduce insider trading incidences. The purpose of this paper is to investigate the influence on institutional shareholders on insider trading activity. The study uses data collected from a sample of 115 firms listed on the Bursa Malaysia over a five-year period (from year 2010 to 2014). Ordinary least squares technique is used to achieve the objective of this study.

Item Type: Article
Uncontrolled Keywords: Insider trading, Asymmetric information, Institutional shareholding
Subjects: H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4551-4598 Stock exchanges
Divisions: Faculty of Management (FOM)
Depositing User: Ms Rosnani Abd Wahab
Date Deposited: 05 Nov 2020 18:51
Last Modified: 05 Nov 2020 18:51
URII: http://shdl.mmu.edu.my/id/eprint/7136

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