机构投资者治理效率研究

被引:36
作者
吴晓晖 [1 ]
姜彦福 [2 ]
机构
[1] 清华大学
[2] 清华大学学术委员会
关键词
治理效率; 面板数据; 绩效; 企业价值;
D O I
10.19343/j.cnki.11-1302/c.2006.09.009
中图分类号
F224 [经济数学方法];
学科分类号
0701 ; 070104 ;
摘要
In this paper,we use different methodologies to study the listed companies in China security market on the relationships between their ownership structure and performance as well as the firm value from 2000 to 2004.We find that the proportion of shares held by institutional investors has positive correlation with the performance and firm value within the same and following period;besides,in state-owned public holding companies,the entry of institution alinvestors increase the market premium remarkably.This paper provides new idea on decreasing of state-owned shares for institutional investors.
引用
收藏
页码:33 / 36
页数:4
相关论文
empty
未找到相关数据