Mutual fund family ownership and stock return: evidence from chinese stock open-end funds
Linglin Zhu, Yucan Liu
Available Online October 2017.
- https://doi.org/10.2991/febm-17.2017.131How to use a DOI?
- stock open-end funds; fund family common shares; stock return
- In this paper, with the sample data of each semi-annual stock open-end funds from 2008 to 2015 in China, we use multiple linear regression method to study the impact on the stock returns held by mutual fund family common shares. The empirical results show that the deeper fund family common shareholding ratio is, the lower the return on stock is. The lager family common shares width is, the lower stock returns are. The explanation given in this paper is that large depth and width of funds common shareholding means high degree of aggregation of fund family holdings, the private information will be less, meaning high market transparency, stock uncertain information then will be less, compensation for stock returns certainly shrinks, stock returns are then lower.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Linglin Zhu AU - Yucan Liu PY - 2017/10 DA - 2017/10 TI - Mutual fund family ownership and stock return: evidence from chinese stock open-end funds BT - Second International Conference On Economic and Business Management (FEBM 2017) PB - Atlantis Press SN - 2352-5428 UR - https://doi.org/10.2991/febm-17.2017.131 DO - https://doi.org/10.2991/febm-17.2017.131 ID - Zhu2017/10 ER -