The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia
Investment philosophy that centers on environmental, social and governance issues has gained traction in recent years.The purpose of this study is to examine if sustainability reporting exerts different impact on the share ownership of dedicated and transient institutional investors in a developing...
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my.uum.repo.164682016-04-12T02:45:33Z http://repo.uum.edu.my/16468/ The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin HD28 Management. Industrial Management Investment philosophy that centers on environmental, social and governance issues has gained traction in recent years.The purpose of this study is to examine if sustainability reporting exerts different impact on the share ownership of dedicated and transient institutional investors in a developing market.Using Malaysian setting, a total of 285 firms listed on Bursa Malaysia in the years 2010 and 2011 are selected for this study, which utilizes a one-year lag data for sustainability reporting and contemporaneous data for institutional ownership.The results reveal that sustainability reporting has a positive impact on ownership by dedicated institutions but no impact on the ownership by transient institutions.Further analysis reveals that sustainability reporting exerts positive impact on the ownership of all three types of government-controlled dedicated institutions, namely government-managed pension funds, government-managed unit trust funds and government-managed pilgrims fund, but no impact on the ownership of all three types of private-controlled transient institutions, namely banks, private-managed mutual funds and insurance companies. American Scientific Publishers 2015 Article PeerReviewed Abd Mutalib, Hafizah and Muhammad Jamil, Che Zuriana and Wan Hussin, Wan Nordin (2015) The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia. Advanced Science Letters, 21 (6). pp. 1964-1969. ISSN 1936-6612 http://doi.org/10.1166/asl.2015.6174 doi:10.1166/asl.2015.6174 |
institution |
Universiti Utara Malaysia |
building |
UUM Library |
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Institutional Repository |
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Asia |
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Malaysia |
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Universiti Utara Malaysia |
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UUM Institutionali Repository |
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HD28 Management. Industrial Management |
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HD28 Management. Industrial Management Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia |
description |
Investment philosophy that centers on environmental, social and governance issues has gained traction in recent years.The purpose of this study is to examine if sustainability reporting exerts different impact on the share ownership of dedicated and transient institutional investors in a developing market.Using Malaysian setting, a total of 285 firms listed on Bursa Malaysia in the years 2010 and 2011 are selected for this study, which utilizes a one-year lag data for sustainability reporting and contemporaneous data for institutional ownership.The results reveal that sustainability reporting has a positive impact on ownership by dedicated institutions but no impact on the ownership by transient institutions.Further analysis reveals that sustainability reporting exerts positive impact on the ownership of all three types of government-controlled dedicated institutions, namely government-managed pension funds, government-managed unit trust funds and government-managed pilgrims fund, but no impact on the ownership of all three types of private-controlled transient institutions, namely banks, private-managed mutual funds and insurance companies. |
format |
Article |
author |
Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin |
author_facet |
Abd Mutalib, Hafizah Muhammad Jamil, Che Zuriana Wan Hussin, Wan Nordin |
author_sort |
Abd Mutalib, Hafizah |
title |
The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia |
title_short |
The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia |
title_full |
The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia |
title_fullStr |
The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia |
title_full_unstemmed |
The impact of sustainability reporting on dedicated and transient institutional ownership: Evidence from Malaysia |
title_sort |
impact of sustainability reporting on dedicated and transient institutional ownership: evidence from malaysia |
publisher |
American Scientific Publishers |
publishDate |
2015 |
url |
http://repo.uum.edu.my/16468/ http://doi.org/10.1166/asl.2015.6174 |
_version_ |
1644281977471238144 |
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13.18916 |