IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v59y2019is2p2017-2044.html
   My bibliography  Save this article

Managerial characteristics and stock market investment: evidence from China

Author

Listed:
  • Jingjing Yang
  • Yuan Xin
  • Xiao Jun

Abstract

We examine the effect of managerial characteristics on investment in the stock market by listed firms in China. Our empirical findings suggest that higher levels of cash‐based compensation may increase both the propensity of investing in the stock market and the total amount of investment. On the other hand, managerial holdings discourage managers from investing in stock markets and also lead to a decrease in the amount of investment. This study sheds light on managerial risk‐taking incentives. Moreover, this study fills the gap in the literature by providing evidence for the determinants of listed firms’ stock market investment.

Suggested Citation

  • Jingjing Yang & Yuan Xin & Xiao Jun, 2019. "Managerial characteristics and stock market investment: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(S2), pages 2017-2044, November.
    • Handle: RePEc:bla:acctfi:v:59:y:2019:i:s2:p:2017-2044
    DOI: 10.1111/acfi.12519
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.12519
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.12519?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:59:y:2019:i:s2:p:2017-2044. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.