1,261
Views
4
CrossRef citations to date
0
Altmetric
Articles

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

 

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.

JEL CLASSIFICATION:

Disclosure statement

No potential conflict of interest was reported by the author.

Notes

1 In the sample of this study, the mean value of total institutional ownership is 34.75%, while the mean value of pressure-insensitive, small, and foreign institutional ownership is 7.76%, 11.23%, and 0.14%, respectively.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.