The Relations between QFII Holdings and Company Performance: Evidence from China’s A-Share Listed Companies

Table 3

Statistical descriptions.

	2010		2011		2012
	QFII invested companies	A-share listed companies	QFII invested companies	A-share listed companies	QFII invested companies	A-share listed companies
ROA	4.86	2.26	5.08	2.16	3.30	1.87
ROE	18.10	16.28	16.01	15.25	17.13	13.32
Tobin_Q	2.15	2.09	1.61	1.62	1.45	1.47
Tat	0.68	0.23	0.70	0.24	0.67	0.22
Sal	50.97	33.86	41.40	20.81	148.74	7.67
Lev	48.82	85.59	50.04	85.64	50.33	85.80
Share	21.86	55.79	26.42	47.63	28.51	44.82
Size	11.73	3.54	13.79	4.19	15.50	4.83

Source: GTA database.