Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)

Research on the Impact of Heterogeneity of Institutional Investors on the Cost of Equity Capital

Authors
Yangchun Song
Corresponding Author
Yangchun Song
Available Online June 2019.
DOI
10.2991/icoeme-19.2019.31How to use a DOI?
Keywords
institutional investors; governance of a company; cost of equity capital
Abstract

This paper divides institutional investors into independent investors and non-independent investors according to their independence, and studies whether they can reduce the cost of capital in the process of equity financing, so as to explore whether institutional investors can play an active role in shareholder governance. Empirical research finds that institutional investors can reduce the cost of equity capital of the company. According to the further research, the author finds that independent institutional investors can significantly reduce the cost of equity capital, while non-independent institutional investors can also reduce the cost of equity capital, but the effect is not significantly.

Copyright
© 2019, 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/).

Download article (PDF)

Volume Title
Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
June 2019
ISBN
978-94-6252-747-8
ISSN
2352-5428
DOI
10.2991/icoeme-19.2019.31How to use a DOI?
Copyright
© 2019, 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/).

Cite this article

TY  - CONF
AU  - Yangchun Song
PY  - 2019/06
DA  - 2019/06
TI  - Research on the Impact of Heterogeneity of Institutional Investors on the Cost of Equity Capital
BT  - Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)
PB  - Atlantis Press
SP  - 147
EP  - 150
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-19.2019.31
DO  - 10.2991/icoeme-19.2019.31
ID  - Song2019/06
ER  -