中文摘要 | 第6-8页 |
Abstract | 第8页 |
1. Introduction | 第9-11页 |
2. Institutional investors,corporate governa nce a nd corporate performance | 第11-18页 |
2.1 Intemational comparison of institutional ownership and corporate governance mechanism | 第11-14页 |
2.2 Development of Chinese A stock market and Chinese institutional investors | 第14-18页 |
3. Literature review | 第18-23页 |
3.1 Institutional ownership and corporate governance:institutional investor activism | 第18-19页 |
3.2 Institutional ownership and corporate performance | 第19-20页 |
3.3 Ownership structure and corporate performance | 第20-23页 |
4. Data and methodology | 第23-35页 |
4.1 Research questions | 第23页 |
4.2 Hypothesis development | 第23-24页 |
4.3 Data and sample selection | 第24-25页 |
4.4 Variables construction | 第25-30页 |
4.4.1 The dependent variable-Indicators of corporate performance | 第26-27页 |
4.4.2 The explanatory variable | 第27-28页 |
4.4.3 The control variables | 第28-29页 |
4.4.4 Ownership structure perspective | 第29-30页 |
4.5 Descriptive Statistics | 第30-33页 |
4.6 Methodology | 第33-35页 |
4.6.1 Panel data multiple regression model to test hypothesis 1 | 第34页 |
4.6.2 Panel data multiple regression model to test hypothesis 2 and 3 | 第34-35页 |
5. Regression result | 第35-43页 |
5.1 The impact of institutional investor holdings on corporate performance | 第35-37页 |
5.2 The impact of institutional investor holdings on corporate performance under different ownership structure | 第37-41页 |
5.3 Economic Implications | 第41-42页 |
5.4 Limitations | 第42-43页 |
6. Conclusion | 第43-45页 |
致谢 | 第45-46页 |
Bibliography | 第46-49页 |