Title :
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
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;
Conference_Titel :
Service Systems and Service Management (ICSSSM), 2015 12th International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-4799-8327-8
DOI :
10.1109/ICSSSM.2015.7170233
