Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)

Mutual fund family ownership and stock return: evidence from chinese stock open-end funds

Authors
Linglin Zhu, Yucan Liu
Corresponding Author
Linglin Zhu
Available Online October 2017.
DOI
https://doi.org/10.2991/febm-17.2017.131How to use a DOI?
Keywords
stock open-end funds; fund family common shares; stock return
Abstract
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.
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Proceedings
Second International Conference On Economic and Business Management (FEBM 2017)
Part of series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
978-94-6252-423-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/febm-17.2017.131How to use a DOI?
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  -