Security Analysts’ Monitoring Activity: Does it Reduce Agency Costs?
DOI:
https://doi.org/10.66674/npt39j22Keywords:
Security analysts, agency costs, monitoring, Malaysian stock marketsAbstract
This study is motivated by the work of Jensen and Meckling who proposed that Security analysts play a monitoring rol that could help reduce agency costs in companies “The role of security analysts i crucial for market efficiency because they provide relevant information to investors. It is found that for a certain extent, Malaysian security analysts play a monitoring role in reducing agency costs. Furthermore, institutional ownership and Size of companies could significantly explain Malaysian security analysts’ monitoring activity.
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Copyright (c) 2004 Ahmad Rizal Mazlan, Nur Adiana Hiau Abdullah (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant Capital Markets Review the right of first publication. Articles are published under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence: https://creativecommons.org/licenses/by/4.0/. This licence permits sharing and adaptation for any purpose, including commercial use, provided appropriate credit is given, a link to the licence is supplied and any changes are indicated. Third-party material excluded from the article's licence must be clearly identified, and authors are responsible for obtaining any required permission.
