The effect of institutional ownership on M&A performance: evidence from China
Lina Ma
Applied Economics Letters, 2020, vol. 27, issue 2, 140-144
Abstract:
This paper examines the impact of institutional ownership on merger and acquisition (M&A) performance of Chinese listed firms from 2006 to 2017. The results indicate that institutional ownership positively affects M&A performance, and so does institutional ownership concentration. Moreover, the results suggest that pressure-sensitive, large, and domestic institutional ownership have a greater positive effect on M&A performance than pressure-insensitive, small, and foreign institutional ownership.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:27:y:2020:i:2:p:140-144
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DOI: 10.1080/13504851.2019.1610701
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