Controlling Shareholders,Governance Environment and Institutional InvestorsEffects on Corporate Governance
In this paper,with listed comnpanies of 20062008 Shenzhen and Shanghai Stock Market in China Ashare as samples for studying whether the organization of insfituticoal investors,shareholders of listed companies positive control will actively governance impact on their business performance.Tbe empirical results show that institutional investor governance mechanisms on firm perfocmanee of the management had highly significant positive effects and were coasistent with effective monitoring hypothesis.This article further investigated the nature of the comtrolling shareholder value fer institutional shareholder activism governance effects,the empirical analysis:restrained government control to play the role of Jnstitutional investors,as opposed to nongovernment controlled companies,government controi of the company to further reduce the Institutional Shareholder Governance the positive value effect.
institutional investors governmenl controlling institutionalinvestors activism
Luo Wei Na Zhao
RongZhi college of Chongqing Technology and Business University,Chongqing,400067,China Accounting Department Chong Qing finance professional institute,Chongqing,402160,China
国际会议
昆明、丽江
英文
709-713
2011-04-15（万方平台首次上网日期，不代表论文的发表时间）