Institutional investors and corporate performance in the context of COVID-19 crisis: Evidence from China
Summary
It is well-established that COVID-19 is an extreme public health crisis. It dramatically damaged the global economy, transportation, health care, and so on from January 2020. Using data from Chinese listed companies, this paper investigates the relationship between institutional investors and corporate performance and tests if institutional investors could help resist the adverse effect of COVID-19 on corporate performance. The main hypothesis of this paper is that institutional ownership, stability, and sensitivity have a positive effect on firm performance and weaken the negative impact of COVID-19 on firm performance. This paper uses a panel data model and first-quarter financial data and data of institutional investors from 2014 to 2020 to proceed with the study. The empirical test will be divided into three parts, analyzes the relationship between, institutional ownership, the stability of institutional investors, the sensitivity of institutional investors, and firm performance under COVID-19. The majority of previous research independently study the impact of institutional investors or COVID-19 on corporate performance. This paper enriches the literature that whether institutional investors can help companies resist the impact of covid-19, and provides recommendations for listed companies to introduce institutional investors.
Collections
Related items
Showing items related by title, author, creator and subject.
-
Closing the SDG finance gap: does regulatory transparency for institutional investors increase the sustainability of their portfolio allocations?
Moerenhout, M.H. (2019)This research assesses the ability of Environmental, Social and Governance based regulatory transparency for institutional investor to cause an improvement in their sustainability performance. Sustainability performance ... -
Implementing Housing Regulations through Planning: The Case of Private Midrental Housing and Institutional Investors in Amsterdam
Maat, J.M. van der (2020)Middle-income households struggle to find affordable housing in Amsterdam due to urbanisation and a growing economy. Despite the growing need for housing, construction in Amsterdam fails to meet contemporary demand and ... -
Implications of ESG interests on traditional compensation schemes and the role of institutional investors
Mazzaglia, Massimiliano (2024)This thesis studies the effects of environmental, social, and governance (ESG) performance on traditional incentives tied to financial metrics for a sample of S&P500 firms over the years 2021 and 2022. The study aims to ...