International Journal of Social Science & Economic Research
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Title:
THE IMPACTS OF SHAREHOLDINGS OF INSURANCE INSTITUTIONAL INVESTORS ON THE CAPITAL PROFITABILITY OF LISTED COMPANIES - BASED ON THE ANALYSIS OF PSM

Authors:
Xiao Long-jie, Li Yang-yang

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Xiao Long-jie, Li Yang-yang
College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China

MLA 8
Long-jie, Xiao, and Li Yang-yang. "THE IMPACTS OF SHAREHOLDINGS OF INSURANCE INSTITUTIONAL INVESTORS ON THE CAPITAL PROFITABILITY OF LISTED COMPANIES- BASED ON THE ANALYSIS OF PSM." Int. j. of Social Science and Economic Research, vol. 3, no. 11, Nov. 2018, pp. 6435-6450, ijsser.org/more2018.php?id=451. Accessed Nov. 2018.
APA
Long-jie, X., & Yang-yang, L. (2018, November). THE IMPACTS OF SHAREHOLDINGS OF INSURANCE INSTITUTIONAL INVESTORS ON THE CAPITAL PROFITABILITY OF LISTED COMPANIES- BASED ON THE ANALYSIS OF PSM. Int. j. of Social Science and Economic Research, 3(11), 6435-6450. Retrieved from ijsser.org/more2018.php?id=451
Chicago
Long-jie, Xiao, and Li Yang-yang. "THE IMPACTS OF SHAREHOLDINGS OF INSURANCE INSTITUTIONAL INVESTORS ON THE CAPITAL PROFITABILITY OF LISTED COMPANIES- BASED ON THE ANALYSIS OF PSM." Int. j. of Social Science and Economic Research 3, no. 11 (November 2018), 6435-6450. Accessed November, 2018. ijsser.org/more2018.php?id=451.

References
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Abstract:
Since 2015, the behavior of insurance companies' licensing of listed companies has become a hot topic for insurance industry, banking industry, regulatory agencies, and ordinary investors. The behavior of insurance institutional investors holding shares has a deep impact on the performance of listed companies and capital efficiency. This article takes a sample of Shanghai and Shenzhen A-share listed companies from 2013 to 2016, adopts propensity score matching method to eliminate the endogenous relationship between variables, and examines the influence of insurance institutionsí shareholding on company performance from the perspective of capital profitability. The study finds that the earnings per share of listed companies with insurance institutions holding shares are higher than those of other types of listed companies in the current year. The holding of shares by insurance institutional investors can significantly increase the capital profitability of listed companies.