Internal Control Quality and Institutional Investors’ Decision in Chinese Listed Companies:A Perspective of Heterogeneity

摘要：

　　This paper takes the non-financial listed companies in the fiscal year 2011 as the research sample to discuss the influence which the internal control quality has on the heterogeneous institutional investors shareholding decisions.The study finds that the internal control quality has significant impact on the overall institutional investors and pressure-resistant institutional investors shareholding decisions,but pressure-sensitive institutional investors pay little attention on the internal control quality.It shows that institutional investors not only prefer those listed companies who disclose real and complete financial information,but also those who have high-quality internal control.

作者: DEQIANG DENG JIUHONG YU

作者单位: School of Economics and Management,Nanjing University of Science and Technology,Nanjing,China Center for Financial Engineering,Soochow University,Soochow,China

会议类型: 国际会议

会议名称: 2014 International Conference on Management and Engineering(CME 2014)(2014管理与工程国际会议)

会议地点: 上海

会议语种:英文

页码: 1-8

在线出版日期: 2014-05-24（万方平台首次上网日期，不代表论文的发表时间）