Fund Occupation of Large Shareholder, Property Rights and Corporate Performance
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DOI: 10.23977/FEIM2020.031
Author(s)
Yueyue Jin, Mingwei Zhou
Corresponding Author
Yueyue Jin
ABSTRACT
This paper selects Chinese A-share listed companies over period 2014-2018 as a research sample to study the relationship between the fund occupation of large shareholder and corporate performance. It is found that the fund occupation of large shareholder of listed companies will reduce corporate performance. Compared with state-owned listed companies, the impact of the large shareholder’s fund occupancy on non-state-owned listed companies inhibiting corporate performance is more significant. It indicates that the nature of property rights will affect the relationship between the large shareholder’s fund occupancy and corporate performance.
KEYWORDS
Fund occupancy, property rights structure, corporate performance