Mutual Fund Ownership, Firm Specific Information, and Firm Performance: Evidence from China
نویسندگان
چکیده
منابع مشابه
Mutual Fund Ownership, Firm Specific Information, and Firm Performance: Evidence from China
This paper shows empirically that the positive association between mutual fund ownership and firm value in China is mainly driven by the informed trading of mutual funds. Utilizing the unique short term feature of mutual fund holdings for the period from 2001 to 2010, we provide an informational link between a decomposed component of market-to-book ratio (firm specific valuation component) and ...
متن کاملOutsourcing Mutual Fund Management: Firm Boundaries, Incentives and Performance
If two advisors are listed in Thomson Mutual Fund Holdings Database, but only one of the names does not match the name of the family complex, we identify that fund as a candidate for being outsourced. Note the limitation to “candidate” because advisors with different names may still be affiliated. We carefully do this matching by hand so as to account for issues such as slight variations of nam...
متن کاملOwnership Structure and Firm Performance: Evidence from Taiwan
This paper examines the relationship between firm performance and ownership structure for listed and OTC manufacturing firms in Taiwan. By classifying ownership into three categories (managerial owners, institutional owners and the control group), the study addresses two related empirical issues—the commonly examined piecewise and the Granger causality relationships between ownership and perfor...
متن کاملBoard Independence, Ownership Structure and Firm Performance: Evidence from Pakistan
The present study carried out to examine the relationship between ownership structure, board independence and firm performance of eighty listed firms at KSE for the period of 2005-2009. Performance is evaluated with the help of market based and accounting based performance measures. Marris ratio and Tobin‟s Q are used as estimators of market performance, while ROA, ROE has been used as accounti...
متن کاملOwnership Structure and Export Performance: Firm-Level Evidence from Korea
The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from Korea, a classic example of successful export-oriented industrialization. While a large and growing empirical literature investigates the relationship between the ownership structure and overall performance of firms, ther...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2198284