Does Resetting by Changing Corporate Name or Industry Category Appeals Institutional Investments
學年 108
學期 1
出版（發表）日期 2019-12-31
作品名稱 Does Resetting by Changing Corporate Name or Industry Category Appeals Institutional Investments
作品名稱（其他語言）
著者 Paoyu Huang; Yensen Ni; Yirung Cheng
單位
出版者
著錄名稱、卷期、頁數 Contemporary Management Research 15(3), p.175-203
摘要 We investigate whether firms changing their names or industry categories once and more than once would affect institutional shareholdings. By utilizing 5,733 observations of the Taiwan Stock Exchange listed firms, we apply multiple regression models firstly and Petersen regression models for further investigation to enhance the robustness of the empirical results. We then disclose several important findings as follows. First, institutional investors might not prefer holding the shares of the firms changing their names more than once. We infer that the performances of the firms changing names more than once might be doubtful. Second, institutional investors might decrease the shareholdings of the firms with industry categories changed. We claim that institutional investors might suspect these firms probably existing corporate governance issues. Besides, we argue that, to our best understanding, this study might fill the gap in the existing literature due to that the issues, firms changing their names or industry categories once or more than once, seem rarely explored in the relevant studies.
關鍵字 Corporate Name Change;Industry Category Change;Board Structure;Financial Ratio;Firm Value
語言 zh_TW
ISSN 1813-5498
期刊性質 國內
收錄於
產學合作
通訊作者
審稿制度 否
國別 TWN
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/118267 )

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