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论文类型：会议论文

发表时间：2018-01-01

收录刊物：CPCI-SSH

页面范围：297-302

关键字：Institutional Investor; Firm Performance; pressure-sensitive

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.