How Do Institutional Investors Affect Corporate Performance? Evidence from Private Placements in China
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DOI: 10.1080/1540496x.2018.1426456
Abstract: ABSTRACT Using data on private placements in China from 2007 to 2014, we show that abnormal returns of issuing companies’ stocks are significantly positive on the announcement day, but they become significantly negative during the… read more here.
Keywords: private placements; affect corporate; institutional investors; finance ... See more keywords