Analysis Of The Growth Enterprise Board Institutional Investors Investment Behavior And Performance

Institutional investors is playing an increasingly important role in the contemporary development of capital market,They have strong financial strength and advanced management method to promote capital market innovation.They also have effective operation to improve the efficiency of management which can even affect the entire financial market and development of national economy.In recent years,with the rapid development of the securities market,Chinese investors have made rapid expansion,not only the market scale exceed more than half of the current market prise of the A-share market,but also its elements also tend to be more diversified.In 2010,among many institutional investors,securities investment funds become the most strength institutional investor,social security funds and QFII which represent new forces also accelerate development steps,rising quickly.In recent years,from institutional investors increasing a-share market investment proportion we can see, institutional investors have become the leading strength in steady development of China's capital market.In order to promote the development of the growth enterprise board institutional investors and the process of harmonious development in securities market,it is necessary to research institutional investors investment behavior and the investment performance in order to show valuable results in the securities market development.First of all,this paper introduces the theory of institutional investors and the related theoretical situation for the later empirical analysis,and then to growth enterprise board institutional investors as shareholders in the listed companies for example,it carrys on the empirical analysis in the first financial quarter to fourth quarter of 2010.Through the descriptive statistics analysis and single variable T test analysis and multiple linear regression method,the paper use return on equity and return on total asset as dependent variable,use proportion of investors shareholding in listed companies as independent variable.On one hand,fund research institutional investors such as fund companys respectively key industry distribution,on the other hand,analysis different institutional investors influence the performance of the listed companys.At last,we can draw a conclusion and give some policy recommendations in order to the stable development of the securities market through institutional investors investment behavior research.