2019 Asia-Pacific Forum on Economic and Social Development
,
Pages 152-156
Holding Financial Institutions and Companies investment Efficiency
Yingxue Cheng
Corresponding Author:
Yingxue Cheng
Abstract:
This paper examines the influences of holding financial institutions on the company’s investment efficiency. Using the sample of Chinese A-shares of Shanghai and Shenzhen non-financial listing companies from 2012 to 2016, I find evidence that, although holding financial institutions can reduce under-investment, it also increases over-investment, on the whole, holding financial institutions can reduce the investment efficiency.
Keywords:
Combination of industrial and financial; Investment efficiency
Cite this paper:
Yingxue Cheng. Holding Financial Institutions and Companies investment Efficiency. 2019 Asia-Pacific Forum on Economic and Social Development (APFESD 2019). 2019, Vol.2: 152-156.