Essays on institutional investments

Li, Dan (2024) Essays on institutional investments. PhD thesis, University of Nottingham.

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Abstract

Institutional investors play a crucial role in leveraging their advantages in obtaining market information and professional knowledge for corporate operations. While there have been numerous studies on institutional investors, the distinctive background of China, characterised by its concentrated ownership structure and strong governmental control, calls for further investigation. Notably, recent government focus on relaxing restrictions on financial institutions' investment activities has significantly altered the investment strategies of institutional investors, consequently changing their management of firms that they hold shares. Furthermore, the distinct government ownership in the Chinese market may expose companies to significant political interference, potentially driving managers to make corporate decisions that prioritise political goals over economic efficiency. Collectively, an in-depth investigation on the roles of institutional investors in the context of China is necessary. In this thesis, our study contributes to a deeper understanding of the interactions between institutional investors, corporate governance, and firm performance.

Item Type: Thesis (University of Nottingham only) (PhD)
Supervisors: Li, Hong
Jian, Chen
Keywords: Institutional ownership, Firm performance, Corporate governance, Agency theory, Share repurchases, Mutual funds, socially responsible investments, fund performance
Subjects: H Social sciences > HG Finance
Faculties/Schools: UK Campuses > Faculty of Social Sciences, Law and Education > Nottingham University Business School
Item ID: 77200
Depositing User: Li, Dan
Date Deposited: 10 Jul 2024 08:54
Last Modified: 10 Jul 2024 08:54
URI: https://eprints.nottingham.ac.uk/id/eprint/77200

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