Large blockholding and financial risk / Mas Nordiana Hj Rusli

The objective of this study is to examine the relationship between large blockholding and financial risk. The regression analysis was performed on the sample of 571 firms listed in Bursa Malaysia for year 2012. The result of the study highlighted that financial risk was negatively related with large...

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Main Author:	Hj Rusli, Mas Nordiana
Format:	Thesis
Language:	English
Published:	2013
Online Access:	https://ir.uitm.edu.my/id/eprint/17178/2/TM_MAS%20NORDIANA%20%20RUSLI%20AC%2013_5.pdf
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id	my-uitm-ir.17178
record_format	uketd_dc
spelling	my-uitm-ir.171782022-04-11T03:29:17Z Large blockholding and financial risk / Mas Nordiana Hj Rusli 2013-12 Hj Rusli, Mas Nordiana The objective of this study is to examine the relationship between large blockholding and financial risk. The regression analysis was performed on the sample of 571 firms listed in Bursa Malaysia for year 2012. The result of the study highlighted that financial risk was negatively related with large blockholdings. Since Malaysian capital market is rich with family business, examination on large family blockholders further seems to have similar results as large blockholdings. Similar result was also shown by institutional blockholding where it was found to be significantly inverse relationship with financial risk. This could be due to the reason that institutional shareholding provides better monitoring thus reducing the risk associated within the companies. On the other hand, government intervention through privatization was found to have strong relationship with financial risk. This result implies that government blockholders prefer higher financial risk as they are usually bailed out by the government in case of financial failure. The result of this study is robust after controlling the industries effects. 2013-12 Thesis https://ir.uitm.edu.my/id/eprint/17178/ https://ir.uitm.edu.my/id/eprint/17178/2/TM_MAS%20NORDIANA%20%20RUSLI%20AC%2013_5.pdf text en public mphil masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
description	The objective of this study is to examine the relationship between large blockholding and financial risk. The regression analysis was performed on the sample of 571 firms listed in Bursa Malaysia for year 2012. The result of the study highlighted that financial risk was negatively related with large blockholdings. Since Malaysian capital market is rich with family business, examination on large family blockholders further seems to have similar results as large blockholdings. Similar result was also shown by institutional blockholding where it was found to be significantly inverse relationship with financial risk. This could be due to the reason that institutional shareholding provides better monitoring thus reducing the risk associated within the companies. On the other hand, government intervention through privatization was found to have strong relationship with financial risk. This result implies that government blockholders prefer higher financial risk as they are usually bailed out by the government in case of financial failure. The result of this study is robust after controlling the industries effects.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Master's degree
author	Hj Rusli, Mas Nordiana
spellingShingle	Hj Rusli, Mas Nordiana Large blockholding and financial risk / Mas Nordiana Hj Rusli
author_facet	Hj Rusli, Mas Nordiana
author_sort	Hj Rusli, Mas Nordiana
title	Large blockholding and financial risk / Mas Nordiana Hj Rusli
title_short	Large blockholding and financial risk / Mas Nordiana Hj Rusli
title_full	Large blockholding and financial risk / Mas Nordiana Hj Rusli
title_fullStr	Large blockholding and financial risk / Mas Nordiana Hj Rusli
title_full_unstemmed	Large blockholding and financial risk / Mas Nordiana Hj Rusli
title_sort	large blockholding and financial risk / mas nordiana hj rusli
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/17178/2/TM_MAS%20NORDIANA%20%20RUSLI%20AC%2013_5.pdf
_version_	1783733551660793856

Large blockholding and financial risk / Mas Nordiana Hj Rusli

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