The Self-Interest and Altruistic Actions of Institutional Investor: Korea Evidence

Tang Mei Yuan

doi:10.4028/www.scientific.net/AMR.1079-1080.1253

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 1079-1080The Self-Interest and Altruistic Actions of...

The Self-Interest and Altruistic Actions of Institutional Investor: Korea Evidence

Abstract:

Using multiple regressions and large sample, this study finds evidence that firms with a high proportion of institutional investors tends toward influence managers to select efficient earnings management and restrain aggressive earnings management. This may result in firms health development and stock returns increase, which not only maintain institutional investors own interests, but also maintain the rights of the other small shareholders. This evidence is not consistent with any prior views of institutional investors role. This may shed a new light on this reach area and have realistic meaning and practice value.

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Periodical:

Advanced Materials Research (Volumes 1079-1080)

Pages:

1253-1256

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.1079-1080.1253

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Online since:

December 2014

Authors:

Tang Mei Yuan

Keywords:

Effect, Institutional Investors, Stock Returns, Type of Earnings Management

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