QFII shareholding, information access and corporate asset mismatching

Biao Zhou, Linting Cheng and Xiaofei Liu

Finance Research Letters, 2024, vol. 61, issue C

Abstract: Existing research on the efficiency of corporate asset allocation based on different perspectives has become the focus of academic attention and research. However, there are few studies that consider the underlying causes of asset mismatch, especially the lack of in-depth research on the role of information acquisition time difference in the mechanism between asset mismatch and inventory holding. Therefore, based on perspective of information access time difference and empirical evidence from listed companies from 2007 to 2022, this paper empirically finds that QFII stockholding significantly inhibits corporate asset mismatch behaviour; meanwhile, information access time difference can strengthen this inhibiting effect.

Keywords: QFII shareholding; Information acquisition time difference; Asset mismatch behavior (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:61:y:2024:i:c:s1544612324000394

DOI: 10.1016/j.frl.2024.105009

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