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http://hdl.handle.net/10397/89661
| Title: | Related party transactions and institutional investors in Chinese listed companies | Authors: | Hwang, CY Zhang, S Zhu, Y |
Issue Date: | 2018 | Source: | In FL Cheng, MT Yu (Eds.), Advances in pacific basin business, economics, and finance, p. 1-25. Bingley, UK: Emerald Publishing Limited, 2018 | Abstract: | We study institutional investors’ influence on the use of related party transactions (RPTs) in China. We test the significance of potential factors in the cross-sectional regression analysis of the amount of RPTs reported by Chinese listed companies. We also analyze intraday trading activities and stock prices in days around public announcements of RPTs. Our findings suggest that institutional investors do not have a significant influence on Chinese firms’ usage of RPTs but they react to RPT announcements through buying or selling shares. | Keywords: | Chinese listed companies Institutional trading Related party transactions Share-structure reform Wall Street Rule Price impact |
Publisher: | Emerald Publishing Limited | ISBN: | 978-1-78756-446-6 (Print) 978-1-78756-445-9 (Online) 978-1-78756-447-3 (Epub) |
DOI: | 10.1108/S2514-465020180000006001 | Rights: | © 2018 Emerald Publishing Limited. This AAM is provided for your own personal use only. It may not be used for resale, reprinting, systematic distribution, emailing, or for any other commercial purpose without the permission of the publisher. The following publication Hwang, C.-Y., Zhang, S. and Zhu, Y. (2018), "Related Party Transactions and Institutional Investors in Chinese Listed Companies", Advances in Pacific Basin Business, Economics and Finance (Advances in Pacific Basin Business, Economics and Finance, Vol. 6), Emerald Publishing Limited, Bingley, pp. 1-25 is available at https://doi.org/10.1108/S2514-465020180000006001. |
| Appears in Collections: | Book Chapter |
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|---|---|---|---|---|
| 1386_RPT_APBBEF.pdf | Pre-Published version | 808.95 kB | Adobe PDF | View/Open |
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