The Impact of Institutional Investors on the Transformation and Upgrading of Enterprises

DOI

10.2991/978-94-6463-548-5_34How to use a DOI?

Keywords

Institutional investors; transformation and upgrading; capital allocation efficiency; innovation ability; information disclosure quality

Abstract

Take 2010-2021 A-share manufacturing listed companies as a research sample, Institutional investors empirical test of the impact of the group on the transformation and upgrading of enterprises and its internal mechanism empress. It is found that institutional investors can significantly promote the transformation and upgrading of enterprises. Test results of the impact mechanism find that institutional investors promote the transformation and upgrading of enterprises by improving the efficiency of enterprise capital allocation, innovation ability and reducing the quality of enterprise information disclosure, and strengthening the protection of R&D transformation information. Institutional investors are heterogeneous. Concrete evidence: The study found that the concentration of institutional investors will not promote the transformation and upgrading of enterprises. Research fruit: It has deepened the relevant research on the impact of institutional investors on the transformation and upgrading of enterprises, and from the perspective of the concentration of group shareholdings of institutional investors, it provides a reference basis for further improving the transformation and upgrading of enterprises, continuously optimizing the innovation ability of enterprises, and improving the competitiveness of enterprises.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Lili Song
PY  - 2024
DA  - 2024/10/21
TI  - The Impact of Institutional Investors on the Transformation and Upgrading of Enterprises
BT  - Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
PB  - Atlantis Press
SP  - 313
EP  - 323
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-548-5_34
DO  - 10.2991/978-94-6463-548-5_34
ID  - Song2024
ER  -