The Relations between QFII Holdings and Company Performance : Evidence from China’s A-Share Listed Companies
Joint Authors
Fang, Wenqian
Wang, Xiong
Zhou, Shuanghong
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-06-23
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
In order to investigate the relations between qualified foreign institutional investors (QFII) holdings and the performance of the A-share listed companies and effectively distinguish between QFIIs’ ability to identify value companies and their ability to enhance company value, this paper empirically examines the relations between QFII holdings and company performance using Chinese annual report data from 2010 to 2012.
The results show that QFIIs have strong ability in identifying value companies.
However, the effect of QFII holdings on company performance improvement is mainly manifested in the short term, and the long-term effect is insignificant.
In the long run, QFIIs may not be considered as “value boosters,” implying that it is unlikely for QFIIs to greatly enhance company value and help the invested companies to improve the level of governance and their long-term performance.
American Psychological Association (APA)
Wang, Xiong& Zhou, Shuanghong& Fang, Wenqian. 2014. The Relations between QFII Holdings and Company Performance : Evidence from China’s A-Share Listed Companies. Discrete Dynamics in Nature and Society،Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-500843
Modern Language Association (MLA)
Wang, Xiong…[et al.]. The Relations between QFII Holdings and Company Performance : Evidence from China’s A-Share Listed Companies. Discrete Dynamics in Nature and Society No. 2014 (2014), pp.1-9.
https://search.emarefa.net/detail/BIM-500843
American Medical Association (AMA)
Wang, Xiong& Zhou, Shuanghong& Fang, Wenqian. The Relations between QFII Holdings and Company Performance : Evidence from China’s A-Share Listed Companies. Discrete Dynamics in Nature and Society. 2014. Vol. 2014, no. 2014, pp.1-9.
https://search.emarefa.net/detail/BIM-500843
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-500843