CORPORATE OWNERSHIP AND MUTUAL FUND PERFORMANCE: EVIDENCE FROM TAIWAN

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Chun-An Li, Hung-Cheng Lai ORCID logo

https://doi.org/10.22495/cocv5i4p12

Abstract

We examine the relationship between corporate ownership and fund performance in Taiwan. Using the panel regression after controlling for fund attributes, the proportional share held by foreign institutional investors is positively correlated with fund performance. Furthermore, we also find a negative relationship between the number of board members and the return gap measure of fund performance, but ownership concentration are not effect on fund performance. Our results imply that foreign institutional shareholders are now playing a significant monitoring role of fund companies in Taiwan.

Keywords: Corporate Ownership, Mutual Fund, Boards

How to cite this paper: Li, C.-A., & Lai, H.-C. (2008). Corporate ownership and mutual fund performance: evidence from Taiwan. Corporate Ownership & Control, 5(4), 128-134. https://doi.org/10.22495/cocv5i4p12