The effect of institutional ownership on M&A performance: evidence from China

被引：6

作者：

Ma, Lina ^{[1
]}

机构：

[1] Zhejiang Univ, Sch Management, Hangzhou, Zhejiang, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 02期

关键词：

Institutional ownership; M&A performance; China; monitoring; CROSS-BORDER ACQUISITIONS; INVESTORS; FIRMS; TAKEOVERS; MERGERS; IMPACT;

D O I：

10.1080/13504851.2019.1610701

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：140 / 144

页数：5

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