Aggarwal, R, I Erel, M Ferreira and P Matos (2011) Does governance travel around the world? Evidence from institutional investors. Journal of Financial Economics, 100(1), 154–181.
Attig, N, S Cleary, S El Ghoul and O Guedhami (2013) Institutional investment horizons and the cost of equity capital. Financial Management, 42(2), 441–477.
Ayers, BC, S Ramalingegowda and PE Yeung (2011) Hometown advantage: The effects of monitoring institution location on financial reporting discretion. Journal of Accounting and Economics, 52(1), 41–61.
Balsam S, E Bartov and C Marquardt (2002) Accruals management, investor sophistication, and equity valuation: Evidence from 10 Q filings. Journal of Accounting Research, 40(4), 987–1012.
Benmelech, E, E Kandel and P Veronesi (2010) Stock based compensation and CEO (dis) incentives. Quarterly Journal of Economics, 125(4), 1769–1820.
Bleck, A and X Liu (2007) Market transparency and accounting regime. Journal of Accounting Research, 45(2), 229–256.
Bliss, M and FA Gul (2012) Political connections and the cost of debt: Some Malaysian evidence. Journal of Banking and Finance, 36(5), 1520–1527.
Boubakri, N, O Guedhami, D Mishra and W Saffar (2012) Political connections and the cost of equity capital. Journal of Corporate Finance, 18(3), 541–559.
Burns, N, S Kedia and M Lipson (2010) Institutional ownership and monitoring: Evidence from financial misreporting. Journal of Corporate Finance, 16(4), 443–455.
Bushee BJ (2001) Do institutional investors prefer near-term earnings over long-run value? Contemporary Accounting Research, 18(2), 207–246.
Chaney, K, M Faccio and D Parsley (2011) The quality of accounting information in politically connected firms. Journal of Accounting and Economics, 51(1), 58–76.
Chen, C, Z Li, X Su and Z Sun (2011) Rent-seeking incentives, corporte political connections and the control structure of private firm: Chinese evidence. Journal of Corporate Finance, 17(2), 229–243.
Chen, CJP, Y Ding and C Kim (2010) High-level politically connected firms, corruption, and analyst forecast accuracy around the world. Journal of International Business Studies, 41(9), 1505–1524.
Chen, J, H Hong and JC Stein (2001) Forecasting crashes: Trading volume, past returns, and conditional skewness in stock prices. Journal of Financial Economics, 61(3), 345–381.
- Chhaochharia, V, A Kumar and AN Ruenzi (2012) Local investors and corporate governance. Journal of Accounting and Economics, 54(1), 42–67.
Paper not yet in RePEc: Add citation now
- Chowdhury, SD and EZ Wang (2009) Institutional activism types and CEO compensation: A time-series analysis of large Canadian corporations? Journal of Management, 35(1), 5–36.
Paper not yet in RePEc: Add citation now
Chung, KH and H Zhang (2011) Corporate governance and institutional ownership. Journal of Financial and Quantitative Analysis, 46(1), 247–273.
Claessens, S, E Feijen and L Laeven (2008) Political connections and preferential access to finance. Journal of Financial Economics, 88(3), 554–580.
Cornett, MM, AJ Marcus and H Tehranian (2008) Corporate governance and pay-for-performance: The impact of earnings management. Journal of Financial Economics, 87(2), 357–373.
Cronqvist, H and R Fahlenbrach (2009) Large shareholders and corporate policies. Review Financial Studies, 22(10), 3941–3976.
Del Guercio, D and J Hawkins (1999) The motivation and impact of pension fund activism. Journal of Financial Economics, 52(3), 293–340.
Dimson, E (1979) Risk measurement when shares are subject to infrequent trading. Journal of Financial Economics, 7(2), 197–226.
Dinc, SI (2005) Politician and banks: Political influences on government-owned banks in emerging markets. Journal of Financial Economics, 77(2), 453–479.
Edmans, A (2009) Blockholder trading, market efficiency, and managerial myopia. Journal of Finance, 64(6), 2481–2513.
Faccio, M (2006) Politically connected firms. American Economic Review, 96(1), 369–386.
Faccio, M, RW Masulis and JJ McConnell (2006) Political connections and corporate bailout. Journal of Finance, 61(6), 2597–2635.
Fan, JPH and TJ Wong (2002) Corporate ownership structure and the informativeness of accounting earnings in East Asia. Journal of Accounting and Economics, 33(3), 401–425.
Ferreira M and P Matos (2008) The colors of investors’ money: The role of institutional investors around the world. Journal of Financial Economics, 88(3), 499–533.
Ferreira, M, M Massa and P Matos (2010) Shareholders at the gate? Institutional investors and cross-border mergers and acquisitions. Review of Financial Studies, 23(2), 601–644.
Fraser, D, H Zhang and C Derashid (2006) Capital structure and political patronage: The case of Malaysia. Journal of Banking and Finance, 30(4), 1291–1308.
Fung, S, FA Gul and S Radhakrishnan (2015) Corporate political connections and the 2008 Malaysian election. Accountng, Organizations and Society, 43(2), 67–86.
Gaspar, JM and M Massa (2007) Local ownership as private information: Evidence on the monitoring-liquidity trade-off. Journal of Financial Economics, 83(3), 751–792.
- Gillan, S and LT Starks (2003) Corporate governance, corporate ownership, and the role of institutional investors: A global perspective. Journal of Applied Finance, 57(1), 4–22.
Paper not yet in RePEc: Add citation now
Goldman, E, J Rocholl, and J So (2009) Do politically connected boards affect firm value? Review of Financial Studies, 22(6), 2331–2360.
- Gomez, T and KS Jomo (1999) Malaysia’s Political Economy: Politics, Patronage and Profits. Kuala Lumpur: Cambridge University Press.
Paper not yet in RePEc: Add citation now
Guedhami, O and JA Pittman (2006) Ownership concentration in privatized firms: The role of disclosure standards, auditor choice, and auditing infrastructure. Journal of Accounting Research, 44(5), 889–929.
Guedhami, O, JA Pittman and Saffar, W (2014) Auditor choice in politically connected firms. Journal of Accounting Research, 52(1), 106–162.
Gul, FA (2006) Auditor’s response to political connections and cronyism in Malaysia. Journal of Accounting Research, 44(5), 931–963.
Gurun, UG and AW Butler (2012) Don’t believe the hype: Local media slant, local advertising, and firm value. Journal of Finance, 67(2), 561–597.
Hartzell, J and L Starks (2003) Institutional investors and executive compensation. Journal of Finance, 58(6), 2351–2374.
Hartzell, JC, L Sun and S Titman (2014) Institutional investors as monitors of corporate diversification decision: Evidence from real estate investment trusts. Journal of Corporate Finance, 25(4), 61–72.
Heckman, J (1979) Sample selection bias as a specification error. Econometrica, 47(1), 153–161.
Heng, A and T Zhang (2013) Stock price synchronicity, crash risk, and institutional investors. Journal of Corporate Finance, 21(6), 1–15.
Houston, JF, JT Liang, C Lin and Y Ma (2014) Political connections and the cost of bank loans. Journal of Accounting Research, 52(1), 193–243.
Hutton, AP, AJ Marcus and H Tehranian (2009) Opaque financial reports, R2, and crash risk. Journal Financial Economics, 94(1), 67–86.
Jin, L and S Myers (2006) R2 around the world: New theory and new tests. Journal of Finance, 79(2), 257–292.
Johnson, S and T Mitton (2003) Cronyism and capital controls: Evidence from Malaysia. Journal of Financial Economics, 67(2), 351–382.
Kang, JK and JM Kim (2008) The geography of block acquisition, Journal of Finance, 63(6), 2817–2858.
Khwaja, AI and A Mian (2005) Do lender favor politically connected firms? Rent provision in an emerging financial market. Quarterly Journal of Economics, 120(4), 1371–1411.
- Kim, C and L Zhang [2016b] Corporate political connections and tax aggressiveness. Contemporary Accounting Research, 33(1), 78–114.
Paper not yet in RePEc: Add citation now
- Kim, JB and L Zhang [2016a] Accounting conservatism and stock price crash risk: Firm level evidence. Contemporary Accounting Research, 33(1), 412–441.
Paper not yet in RePEc: Add citation now
- Kim, JB, YH Li and LD Zhang [2011a] Corporate tax avoidance and stock price crash risk: Firm- level analysis. Journal of Financial Economics, 100(3), 639–662.
Paper not yet in RePEc: Add citation now
- Kim, JB, YH Li and LD Zhang [2011b] CFOs versus CEOs: Equity incentives and crashes. Journal of Financial Economics, 101(3), 713–730.
Paper not yet in RePEc: Add citation now
Kim, JB, Z Wang and L. Zhang (2016) CEO overconfidence and stock price crash risk. Contemporary Accounting Research, 33(1), 1720–1749.
Kothari, SP, S Shu and PD Wysocki (2009) Do managers withhold bad news? Journal of Accounting Research, 47(1), 241–276.
Kwak, W, HY Lee and V Mande (2009) Institutional ownership and income smoothing by Japanese banks through loan loss provisions. Review of Pacific Basin Finance Markets and Policies, 12(2), 219–243.
- Lee, W and W Lihong (2017) Do political connections affect stock price crash risk? Firm level evidence from China. Review of Quantitative Finance and Accounting, 48(3), 643–676.
Paper not yet in RePEc: Add citation now
- Lennox, C, JR Francis and Z Wang (2012) Selection models in accounting research. Accounting Review, 87(2), 589–616.
Paper not yet in RePEc: Add citation now
Leuz, C and F Oberholzer-Gee (2006) Political relationships, global financing, and corporate transparency: Evidence from Indonesia. Journal of Financial Economics, 81(3), 411–439.
Lin, L and P Manowan (2012) Institutional ownership composition and earnings management. Review of Pacific Basin Finance Markets and Policies. 15(4), 1–22.
Miller, G (2004) Discussion on what determines corporate transparency. Journal of Accounting Research, 42(2), 253–286.
- Morck, R, B Yeung and W Yu (2000) The information content of stock markets: Why do emerging markets have synchronous stock price movement? Journal of Financial Economics, 58(1), 215–260.
Paper not yet in RePEc: Add citation now
- Organization for Economic Co-operation and Development (OECD) (2009). Corporate Governance and The Financial Crisis: Key Findings and Main Messages. Paris.
Paper not yet in RePEc: Add citation now
- Piotroski, JD and BT Roulstone (2004) The influence of analysts, institutional investors, and insiders on the incorporation of market, industry, and firm-specific information into stock prices. Accounting Review, 79(4), 1119–1151.
Paper not yet in RePEc: Add citation now
Piotroski, JD, TJ Wong and T Zhang (2015) Political incentives to suppress negative information: Evidence from Chinese listed firms. Journal of Accounting Research, 53(2), 405–459.
- Putrajaya Committee (2005). Government linked investment company monitoring and management framework: Initiative 3. Putrajaya: Putrajaya Committee.
Paper not yet in RePEc: Add citation now
- Qian, M, H Pan and B Yeung (2011). Expropriations of minority shareholders in politically connected firms. Working paper. Singapore: The National University of Singapore.
Paper not yet in RePEc: Add citation now
- Rosenbaum, PR and DB Rubin (1983) The central role of the propensity score in observational studies for causal effects. Biometrika, 70(1), 41–55.
Paper not yet in RePEc: Add citation now
- Securities Commission of Malaysia, 2011, The Malaysian Code of Governance. Kuala Lumpur: Securities Commission of Malaysia.
Paper not yet in RePEc: Add citation now
- Shin, J and J Seo (2011) Less pay and more sensitivity? Institutional investor heterogeneity and CEO pay. Journal of Management, 37(6), 1719–1746.
Paper not yet in RePEc: Add citation now
Shleifer, A and R Vishny (1986) Large shareholders and corporate control. Journal of Political Economy, 94(3), 461–488.
- Shleifer, A and RW Vishny (1993) Corruption. Quarterly Journal of Economics, 108(3), 599–617.
Paper not yet in RePEc: Add citation now
Shleifer, A and RW Vishny (1994) Politicians and firms. Quarterly Journal of Economics, 109(4), 995–1025.
- Ting, HI (2013) The influence of insiders and institutional investors and firm performance. Review of Pacific Basin Finance Markets and Policies, 16(4), 1–38.
Paper not yet in RePEc: Add citation now
- Wall Street Journal. How $1 billion made its way to the Prime Minister. 21 September 2016.
Paper not yet in RePEc: Add citation now
Yu, F and X Yu (2011) Corporate lobbying and fraud detection, Journal of Financial and Quantitative Analysis, 46(6), 1865–1891.