Ownership Concentration and Share Repurchase: Evidence from Malaysia

Abstract

This study presents the impact of ownership concentration on share repurchase for Malaysian listed companies by using the pooled panel data analysis for a period of six years (2005 to 2010). The result shows concentrated ownership is insignificant in influencing company share repurchase decision. On the other hand, The larger the size of company, the more they intend to do share repurchase. While high debt and older firms prefer to have low share repurchase.
Keywords: Board governance mechanism, Ownership structure and remuneration, Share repurchase.