A Study of Institutional Investors' Shareholding and Corporate Risk-Taking
DOI:
https://doi.org/10.54097/hbem.v5i.5119Keywords:
Institutional Investors, Corporate Risk-taking, Prosperous Development.Abstract
This paper analyzes the relationship and impact of stress-resistant institutional investors and stress-sensitive institutional investors on institutional investors' shareholding on corporate risk-taking, using a sample of A-share listed companies in Shanghai and Shenzhen from 2011 to 2020. It was found that (1) the shareholding ratio of stress-resistant institutional investors was negatively related to the level of corporate risk-taking; (2) while the shareholding ratio of stress-sensitive institutional investors was not significantly related to the level of corporate risk-taking. Studying the impact of institutional investor shareholding on corporate risk-taking, and implementing effective measures to improve the level of corporate risk-taking will help corporates to develop healthily and the economy to grow steadily.
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