Peer Effect and Foreign Investor Shareholding—Evidence From the Sample of Mainland -Hong Kong Stock Connect Program

DOI

10.2991/aebmr.k.201128.038How to use a DOI?

Keywords

Peer effect, Mainland-Hong Kong Stock Connect program, foreign investor stockholding, share-holding preference

Abstract

Based on the dataset of Chinese listed firms from the first season 2017 to the first season 2020 as the research object, using the sample of Mainland-Hong Kong Stock Connect Program, this paper applies the two-way fixed effect model to analyze the peer effect on foreign investor stockholding and embedded internal mechanism. The results are as follows: firstly, peer effect has increased significantly foreign investor stockholding; secondly, the peer effect of foreign ownership is more significant for the subordinate enterprises in the industry.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhonghe Wang
PY  - 2020
DA  - 2020/11/30
TI  - Peer Effect and Foreign Investor Shareholding—Evidence From the Sample of Mainland -Hong Kong Stock Connect Program
BT  - Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)
PB  - Atlantis Press
SP  - 183
EP  - 187
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201128.038
DO  - 10.2991/aebmr.k.201128.038
ID  - Wang2020
ER  -