Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)

Investor Relations, Ownership Concentration, and Company Profitability: Evidence from Chinese Listed Firms

Authors
Yanhan Sun
Corresponding Author
Yanhan Sun
Available Online 7 January 2020.
DOI
https://doi.org/10.2991/aebmr.k.191225.064How to use a DOI?
Keywords
investor relations, ownership concentration, company profitability
Abstract
The study tested the relationship between investor relations (IR), ownership concentration, and company profitability in China stock market, applying the data from 2014 to 2016. Through the empirical test, the investor relations positively correlated with the profitability of enterprises. Further empirical tests show that equity concentration as a moderating variable, when it is too high, it will weaken the contribution of IR to corporate profitability. Therefore, the conclusion of this paper can play a revelation to the listed companies in China. Listed companies should recognize the importance of investor relations. Investor relations should be implemented as an important business strategic decision. Managers should find a suitable equity concentration and achieve the company’s sustainable development.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Yanhan Sun
PY  - 2020
DA  - 2020/01/07
TI  - Investor Relations, Ownership Concentration, and Company Profitability: Evidence from Chinese Listed Firms
BT  - Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)
PB  - Atlantis Press
SP  - 362
EP  - 369
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191225.064
DO  - https://doi.org/10.2991/aebmr.k.191225.064
ID  - Sun2020
ER  -