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Indexed by:会议论文

Date of Publication:2018-01-01

Included Journals:CPCI-SSH

Page Number:297-302

Key Words:Institutional Investor; Firm Performance; pressure-sensitive

Abstract: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.