2019 Asia-Pacific Forum on Economic and Social Development
Holding Financial Institutions and Companies investment Efficiency
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.
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.