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The Study Of Institutional Investors Participating In Corporate Governance In Full Circulation Period

Posted on:2009-05-15Degree:MasterType:Thesis
Country:ChinaCandidate:Y J MiaoFull Text:PDF
GTID:2189360245480912Subject:Business management
Abstract/Summary:PDF Full Text Request
In the full circulation period, the shares of listed companies will be put under full circulation, under which condition, the same stock shares will be enjoying the same rights, be traded at the same price, the shareholders will have more completed voting power, information availability to the shareholders will be relatively symmetrical; a large number of institutional investors that have newly emerged, will now have a certain impact on the market. At present, however, China's institutional investors are buying shares to make money from the speculations in the post, which does not allow them to have much say in the general assembly of the shareholders, and most of them are not willing to invest too much in supervision of corporate management. In the process of development and investment, institutional investors generally have a strong demand of avoiding risks, therefore, herding and short-sighted investment are some commons of institutional investors. Due to the special makeup of China's institutional investors, some of their short-sighted behaviors will be inevitable in a full circulation period. Therefore, it has practical significance to research on how to guide institutional investors to participate in corporate management process in a country like China whose securities market is about to enter the full circulation period.Firstly this thesis analyzes the current situation of China's institutional investors. Then following the United States as an example, this thesis analyzes how American institutional investors are participating in corporate management, providing references for China's institutional investors in the full circulation time to participate in corporate management process; then through the establishment of interaction model between institutional investors and the target company, the thesis analyzes in detail the conditions in the full circulation period for institutional investors to participate in corporate management, providing theoretical basis for the participation in corporate management of the institutional investors in the full circulation period. Then through analysis of incentives institutional investors have to participate in the corporate management, this article provides realistic basis for institutional investors to participate in corporate management in the full circulation period. Finally, by borrowing from the experience of institutional investors in other countries taking part in corporate management and referring to China's current situation at the same time, the essay illustrates approaches of institutional investors participating in corporate management, providing directions for how to guide institutional investors to participate in corporate management in the full circulation period.This thesis on China's full circulation in the period of institutional investors to participate in corporate governance research, by referring to foreign experience, focusing on the theoretical and practical aspects of both their participation in corporate governance reasons, put forward our country's institutional investors to participate in corporate governance measures. This study aimed at the institutional investors to participate in the full circulation of corporate governance provides a theoretical basis and guidance.
Keywords/Search Tags:Institutional Investors, Corporate Governance, Full Circulation, Participation
PDF Full Text Request
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