Bai, Yajie; He, Leilei; Tiegang, Zhang - In: Borsa Istanbul Review 23 (2023) 5, pp. 1067-1077
Common institutional ownership has become a significant form of shareholding in the capital market. Using panel data on 2395 listed companies in China from 2007 to 2020, we examine the investment efficiency of this ownership practice on microcorporate investment behavior. The estimates indicate...