Abstract
ABSTRACT This study explains the effect of Securities investment funds shareholding (fund shareholding) on corporate inefficient investment. The results show that fund shareholding has an inverted U-shaped effect on inefficient investment, which is reflected on over-investment, but not on under-investment. Moreover, the results are mainly presented with lower corporate information transparency. Finally, it is suggested that fund shareholding proportion should be appropriately raised to promote the healthy development of the capital market. This study is of reference significance for guiding fund shareholding to play a role of ‘market stabilizer’.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
