{"id":"https://openalex.org/W224449453","doi":null,"title":"The Effect of the Separation between Ownership and Control on Institutional Ownership: the Difference of Institutional Investors Types","display_name":"The Effect of the Separation between Ownership and Control on Institutional Ownership: the Difference of Institutional Investors Types","publication_year":2009,"publication_date":"2009-01-01","ids":{"openalex":"https://openalex.org/W224449453","mag":"224449453"},"language":"en","primary_location":{"id":"mag:224449453","doi":null,"is_oa":false,"landing_page_url":"https://www.cb.cityu.edu.hk/research/cjar/doc/paper/200907/Mtg%206%20-%20Song%20Yu.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Song Yu","orcid":"https://orcid.org/0000-0002-8282-3427","observed_orcids":["https://orcid.org/0000-0002-8282-3427"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Song Yu","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-8282-3427","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5036516162","display_name":"Oliver Li Zhen","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Oliver Li Zhen","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0507141,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/separation-of-ownership-and-control","display_name":"separation of ownership and control","score":0.8759999871253967},{"id":"https://openalex.org/keywords/institutional-ownership","display_name":"institutional ownership","score":0.968999981880188},{"id":"https://openalex.org/keywords/institutional-investors","display_name":"institutional investors","score":0.8669999837875366},{"id":"https://openalex.org/keywords/cash-flow-rights","display_name":"cash flow rights","score":0.9290000200271606},{"id":"https://openalex.org/keywords/investor-protection","display_name":"investor protection","score":0.8840000033378601},{"id":"https://openalex.org/keywords/chinese-listed-companies","display_name":"Chinese listed companies","score":0.7580000162124634}],"concepts":[{"id":"https://openalex.org/C206757995","wikidata":"https://www.wikidata.org/wiki/Q1665188","display_name":"Institutional investor","level":3,"score":0.7720800638198853},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7251613140106201},{"id":"https://openalex.org/C2777506082","wikidata":"https://www.wikidata.org/wiki/Q2396633","display_name":"State ownership","level":3,"score":0.6394656896591187},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.6141153573989868},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.46778950095176697},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4666310250759125},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.45697176456451416},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.4536263048648834},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.32301193475723267},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.32191258668899536},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.1787586808204651},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.17564091086387634},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.13775894045829773},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.07970044016838074},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.07156899571418762},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:224449453","doi":null,"is_oa":false,"landing_page_url":"https://www.cb.cityu.edu.hk/research/cjar/doc/paper/200907/Mtg%206%20-%20Song%20Yu.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.47620001435279846,"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W1513281740","https://openalex.org/W1974121818","https://openalex.org/W1981160460","https://openalex.org/W2053067826","https://openalex.org/W2084169808","https://openalex.org/W2088903656","https://openalex.org/W2120744852","https://openalex.org/W2131538393","https://openalex.org/W2144876393","https://openalex.org/W2156813888","https://openalex.org/W3023230189","https://openalex.org/W3121297842","https://openalex.org/W3121332075","https://openalex.org/W3122984618","https://openalex.org/W3123091495","https://openalex.org/W3123515841","https://openalex.org/W3123986134","https://openalex.org/W3124631106","https://openalex.org/W3124747412","https://openalex.org/W3125955186"],"related_works":["https://openalex.org/W2254423504","https://openalex.org/W2389941525","https://openalex.org/W1156972224","https://openalex.org/W2351179002","https://openalex.org/W2352129689","https://openalex.org/W2362382604","https://openalex.org/W2963570754","https://openalex.org/W2355183759","https://openalex.org/W2365848884","https://openalex.org/W2996017535"],"abstract_inverted_index":{"The":[0,83],"significant":[1,78,101],"separation":[2,27,55],"between":[3,28,56],"ownership":[4,29,57],"and":[5,14,30,37,53,58],"control":[6,31,59],"will":[7],"have":[8,17],"an":[9,18,39],"effect":[10,19,40,63],"on":[11,20,41,64],"companies\u2019":[12],"value,":[13],"then":[15],"may":[16],"investors\u2019":[21],"decisions.":[22],"This":[23],"paper":[24],"investigates":[25],"the":[26],"for":[32,79],"listed":[33,81],"companies":[34],"in":[35,93],"China":[36],"it\u2019s":[38],"institutional":[42,65,87,107],"ownership.":[43],"It":[44],"is":[45,76],"found":[46],"that":[47,86],"high":[48],"level":[49],"of":[50,106],"cash-flow":[51],"rights":[52],"small":[54],"has":[60,99],"a":[61,90,100],"positive":[62,91],"ownership,":[66],"mainly":[67],"refer":[68],"to":[69],"security":[70],"investment":[71],"funds.":[72],"And":[73],"this":[74],"relationship":[75],"more":[77],"non-state":[80],"companies.":[82],"result":[84],"proves":[85],"investors":[88],"play":[89],"role":[92],"investor":[94],"protection":[95],"area,":[96],"but":[97],"there":[98],"difference":[102],"among":[103],"different":[104],"type":[105],"investors.":[108]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}