合格境外机构投资者与企业绩效  

Qualified Foreign Institutional Investors and Firm Performance

作　　者：李争光[1] 年洁 季雨薇 LI Zhengguang;NIAN Jie;JI Yuwei(College of Economics and Management,Yancheng Institute of Technology,Yancheng Jiangsu224002,China)

机构地区：[1]盐城工学院经济管理学院

出　　处：《盐城工学院学报（社会科学版）》2019年第2期36-43,共8页Journal of Yancheng Institute of Technology（Social Science Edition）

摘　　要：选取2007—2016年的A股上市公司作为研究样本,考察了合格境外机构投资者持股对企业绩效的影响。研究发现,合格境外机构投资者持股比例与企业绩效显著正相关,即能有效提高企业绩效。还进一步考察了终极控制人性质对合格境外机构投资者与企业绩效之间关系的影响,经验证据表明,与民营企业相比,合格境外机构投资者对国有企业的绩效影响更加显著。Taking the listed companies(A) 2007-2016 in China as a sample,this thesis analyzed the influence of holding stock by qualified foreign institutional investors on corporate performance is investigated.It is found that there is a significant positive correlation between the shareholding ratio of QFII and corporate performance,that is,it can effectively improve corporate performance.The influence of ultimate controllers on the relationship between QFII and corporate performance.Compared with private enterprises,the presence of qualified foreign institutions has a more significant impact on the performance of state-owned enterprises.

关 键 词：企业绩效 合格境外机构投资者 影响 

分 类 号：F831.5[经济管理—金融学]