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Abstract

This study investigates the association between types of institutional investors and audit report lag in Malaysian public listed firms. Our sample consists of 434 companies for the financial year 2009. We find a negative relationship between the long-term institutional investors and audit delay. However, we do not find any significant association between the short-term institutional investors and audit delay. Our study reiterates prior findings that long-term dedicated institutions are more involved in corporate governance and shareholder activism and serve a better monitoring and disciplining role than their counterparts, the transient institutions.

Keywords: Audit lag; Institutional ownership; Dedicated; Transient; Malaysia

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