Title :
The impact of ownership structure on stock returns
Author :
Othman, Rohana ; Arshad, Roshayani ; Ahmad, Cik Som ; Hamzah, Nor Azrina Amir
Author_Institution :
Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA, 40450 Shah Alam, Selangor, Malaysia
Abstract :
This paper examines the impact of ownership structure on stock returns of 150 companies listed on Bursa Malaysia in 2008. Ownership structure is characterized by insider ownership and concentrated ownership. Stock return is represented by stock return index. The result showed there is no significant relationship between insider ownership and stock returns. However, there is a significant negative relationship between concentrated ownership and stock returns.
Keywords :
Board of Directors; Companies; Economics; Finance; Indexes; Monitoring; insider ownership; ownership concentration; stock returns;
Conference_Titel :
Science and Social Research (CSSR), 2010 International Conference on
Conference_Location :
Kuala Lumpur, Malaysia
Print_ISBN :
978-1-4244-8987-9
DOI :
10.1109/CSSR.2010.5773770
