The Study On Mechanism For Institution Investor To Intervene In Corporation Governance

The problem of intervening in corporation governance of institution investor is a branch of category about corporation governance research., also a new approach and task about that in current field of theory. As intervening in corporation governance of institution investor can avoid many sensitive and tough issues relate to institution and system, it may effectively solve problem of corporation governance in the situation in which problems of institution and system can not be solved right away, this special characteristic hence achieves extensive attentions at home and oversea, especially for us , belonging to developing country in which equity structure is not legal, institution of corporation asset is not sound and effective bankruptcy mechanism of corporation is scanty , not to eradicate institutional problem instantly , it really is an effective and basic approach by developing qualified institution investors in great extent and leading them to intervene in corporation governance positively. Researching intervening in corporation governance of institution investor and thus promoting capital market to develop by improving quality of listed companies commonly especially possesses a great meaning in our current reality.The paper starts from the core of intervening in corporation governance of institutioninvestor------mechanism, putting up a analysis structure of theory, combining with someresearch fruits involving in foreign countries, and also developing them from new point of view. By researching it deeply and extensively, we strive to do some contributions in the empty area of this research field.The paper consists of six parts:Chapter one is part of introduction of theme , being composed of three sections. Firstly, correcting current point of view about corporation governance at home. Secondly, analyzing real courses of low efficiency about corporation governance. Thirdly, at the base of abovethe paper proposes an effective and practical way(introduction of theme)------developinginstitution investors in great extent and promoting them to intervene in corporation governance positively, improving efficiency of corporation governance genuinely.Chapter two discusses the present situation of research about intervening in corporationgovernance of institution investor involving in inside and outside of country, contrasting their own emphasis and all kinds of defects.Chapter three, chapter four and chapter five are cores of the paper, they analyze the problem of intervening in corporation governance of institution investor deeply from mechanism that is a new point of view, mastering close contact between institution investors and corporation governance extensively and systemically. Especially , chapter four is an emphasis of emphasis, it consists of three sections: section one proposes a rational decision-making model of intervening in corporation governance of institution investors; section two builds up all kinds of game models among institution investors, listed companies and medium and small investors; section three discusses all sorts of approaches and ways of intervening in corporation governance of institution investor. Chapter three gives a normal define and some discusses about mechanism from three directions (capital market, institution investors and listed company). Chapter five considers all kinds of factors that restrict mechanism of intervening in corporation governance of institution investor, giving a relative relation of proportion of these influencing factors.Chapter six is a conclusion of the paper, it mainly cleans up and sums up above research fruits about the theme.