Research on the Influence of Institutional Investor Heterogeneity on Firm Performance

摘要：

　　This article starts from the characteristics of institutional investors and their heterogeneity,and focuses on whether pressure-sensitive institutional investors and pressure-insensitive institutional investors can effectively improve corporate governance and thereby improve the performance of listed companies.Through regression,it can be concluded that the shareholding ratio of institutional investors with pressure insensitivity is significantly positively correlated with the ROA of the total assets at the 1%level.The proportion of shareholdings of pressure-sensitive institutional investors is negatively correlated with ROA,but it is not significant.

关键词： Institutional Investor Firm Performance pressure-sensitive

作者: Liu Yanping Sun Shuang

作者单位: Faculty of Management and Economics,Dalian University of Technology,Dalian,China,116024

会议类型: 国际会议

会议名称: The 10th (2018)International Conference on Financial Risk and Corporate Finance Management(第十届(2018)金融风险与公司金融国际研讨会)

会议地点: 大连

会议语种:英文

页码: 297-302

在线出版日期: 2018-07-06（万方平台首次上网日期，不代表论文的发表时间）