Investor Relations, Ownership Concentration, and Company Profitability: Evidence from Chinese Listed Firms
- 10.2991/aebmr.k.191225.064How to use a DOI?
- investor relations, ownership concentration, company profitability
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.
- © 2020, 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 - 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 - 10.2991/aebmr.k.191225.064 ID - Sun2020 ER -