Title :
An Empirical Study of the Influence of Mutual Funds on Firm Performance
Author :
Cao, Chongyan ; Niu, Lixia ; Yang, Hua ; Duan, Changtao
Author_Institution :
Sch. of Manage., Univ. of Sci. & Technol. of China, Hefei, China
Abstract :
As an emerging force in corporate governance, institutional ownership is increasingly becoming a hot topic. As the main component of institutional investors, mutual funds grow quickly. The paper chooses part of our country´s listed companies as the sample to study the relationship between mutual funds´ ownership and firm performance from two aspects of market value and operating performance. The result shows that mutual funds´ stock ownership has a positive effect on firm performance significantly.
Keywords :
corporate acquisitions; financial management; corporate governance; firm performance; institutional investors; institutional ownership; market value; mutual funds; Cost accounting; Decision making; Investments; Mutual funds; Technology management;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5305332
