DocumentCode
3206867
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
fYear
2010
fDate
5-7 Dec. 2010
Firstpage
217
Lastpage
221
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Science and Social Research (CSSR), 2010 International Conference on
Conference_Location
Kuala Lumpur, Malaysia
Print_ISBN
978-1-4244-8987-9
Type
conf
DOI
10.1109/CSSR.2010.5773770
Filename
5773770
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