| 摘要 | 第3-6页 |
| Abstract | 第6-9页 |
| Chapter 1: Introduction | 第12-17页 |
| 1.1 Background of the research | 第12-14页 |
| 1.2 Purpose of the research | 第14-15页 |
| 1.3 Research ideas | 第15-17页 |
| Chapter 2: Literature Review | 第17-43页 |
| 2.1 Definition | 第17-23页 |
| 2.1.1 Institutional investor | 第17-19页 |
| 2.1.2 Theories of corporate governance | 第19-22页 |
| 2.1.3 Corporate performance | 第22-23页 |
| 2.2 Discussion about the effectiveness of institutional investor's participation in corporate governance | 第23-30页 |
| 2.2.1 Theory of efficient supervisors | 第23-26页 |
| 2.2.2 Theory of negative supervisors | 第26-28页 |
| 2.2.3 Theory of silent supervisors | 第28-30页 |
| 2.3 Institutional shareholdings'impacts on corporate governance | 第30-36页 |
| 2.3.1 Institutional investors' approaches to participate in corporate governance | 第30-33页 |
| 2.3.2 Institutional shareholdings'impacts on corporate governance: from the perspectives of the board of directors, managerial incentives and equity structure | 第33-36页 |
| 2.4 Impacts of corporate governance on corporate performance | 第36-39页 |
| 2.4.1 Independent directors | 第37-38页 |
| 2.4.2 Managerial incentives | 第38页 |
| 2.4.3 Equity structure | 第38-39页 |
| 2.5 Chinese capital market and state-owned shareholdings | 第39-41页 |
| 2.6 Summary | 第41-43页 |
| Chapter 3: Methodology | 第43-55页 |
| 3.1 Data sources and time period | 第43-44页 |
| 3.2 Dependent, independent and controlled variables | 第44-47页 |
| 3.2.1 Dependent variables | 第46页 |
| 3.2.2 Independent and controlled variables | 第46-47页 |
| 3.3 Theoretical analysis and hypothesis | 第47-53页 |
| 3.4 Model design | 第53-55页 |
| Chapter 4: Empirical Studies | 第55-75页 |
| 4.1 Descriptive statistics | 第55-66页 |
| 4.1.1 Descriptive statistics of companies listed on in the Shanghai Stock Exchange | 第55-61页 |
| 4.1.2 Descriptive statistics of companies listed on in the New York Stock Exchange | 第61-66页 |
| 4.2 Regression analysis | 第66-73页 |
| 4.2.1 Institutional shareholdings and corporate governance | 第66-69页 |
| 4.2.2 Institutional shareholdings, corporate governance and corporate performance | 第69-73页 |
| 4.2.3 Different types of institutional investors and corporate performance | 第73页 |
| 4.3 Robustness Check: The influence of institutional shareholdings on corporate governance | 第73-75页 |
| Chapter 5 Conclusions and policy recommendations | 第75-82页 |
| Bibliography | 第82-87页 |
