Empirical Study on the Impact of QFII Stock Ownership on Enterprise Performance
Download as PDF
Huihao Liu, Lei Wei
Based on the data of A-share listed companies in China from 2006 to 2018, this paper uses a fixed-effect model to analyze the relationship between QFII shareholding and corporate performance from the perspectives of QFII shareholding ratio and QFII shareholding and the first shareholder shareholding ratio. The empirical results show that the increase in QFII shareholding significantly enhances corporate performance, that is, the proportion of qualified foreign investment institutions increases, and corporate performance is significantly improved. The increase in the number of shares held by QFII and the number of shares held by the first shareholder has contributed to the performance of the company. Therefore, increasing the number of qualified foreign investment institutions and gradually relaxing the control of capital projects will help improve corporate performance and thus promote the healthy development of China's capital market.
QFII, Enterprise Performance, QFII Stock Ownership