The relationship between the Cross-shareholdings of listed companies in China and its profitability

Author

Xiaoqing Xu ; Yan Zhou

Author_Institution

Sch. of Econ. & Manage., Nanjing Univ. of Sci. & Technolog, Nanjing, China

fYear

2015

fDate

22-24 June 2015

Firstpage

1

Lastpage

6

Abstract

In the 1990s, the companies in China have Cross-shareholdings phenomenon, after 20 years, the Cross-shareholding phenomenon has more and more influence on the companies, especially on the profitability, and cannot be ignored. Based on the current theoretical achievements about cross-shareholding by domestic and foreign scholars, we analyze the relationship between the cross-shareholding ratio and the profitability of the company in the Shanghai and Shenzhen A stock market from 2010 to 2014 and have the robustness testing. The results showed that the cross-shareholding behavior for holding company has a certain role in promoting profitability.

Keywords

profitability; stock markets; China; Shanghai stock market; Shenzhen A stock market; cross-shareholding behavior; cross-shareholding ratio; holding company; listed companies; profitability; robustness testing; Analytical models; Companies; Jacobian matrices; Profitability; Robustness; cross-shareholding; listing Corporation; profitability;

fLanguage

English

Publisher

ieee

Conference_Titel

Service Systems and Service Management (ICSSSM), 2015 12th International Conference on

Conference_Location

Guangzhou

Print_ISBN

978-1-4799-8327-8

Type

conf

DOI

10.1109/ICSSSM.2015.7170233

Filename

7170233