| The real estate industry is one of the industry with highest profit margins in China,since the reform and opening up, the real estate industry has been developing very fast,many investors participated in the property market investment, hoping have a share in this industry. The development of real estate enterprises is related to the people’s livelihood and national stability; it is not only an important source of China’s financial revenue, but also the embodiment of the quality of people’s life. It affects the vital interests of the investors, the country and the people’s life. So the development of the real estate business is always the focus of attention. But with the increase in the number of real estate enterprises, industry competition has become fierce. In addition, the policies and regulations have been promulgated to guide the development of the real estate industry, limiting their profit space, and the real estate company’s own development has reached a bottleneck. So under the environment of domestic trouble and foreign invasion, in recent years, the real estate companies’ benefit is not good.While institutional investors with its financial strength, professional background plays a more and more important role in the capital market, its particularity is conducive to improve the performance of the company, fully understand how to enhance the strength of enterprises and optimize its management behavior. So institutional investors join in the real estate companies has become a mainstream demand. But the existed study did not design variables according to the particularity of the real estate industry to analysis the influence of the performance of the company holding behavior of institutional investors; this does not match the status of the real estate industry in China. Therefore, it is very necessary to make a comprehensive and thorough analysis of the relationship between institutional investors’ shareholding and corporate performance in real estate companies.This paper selects a total of 108 listing corporations’ sample data in 2009-2014 of the Shanghai and Shenzhen A shares in the real estate industry, analysis from institutional investors in general, type of difference and its impact on the real estate company’s equity checks and balances these three aspects to study institutional investors’ shareholding behavior how to influent company’s performance. Through empirical analysis, this paper found that the higher level of the proportion of institutional investors holding, the company’s performance is higher; different types of institutional investorsholding behavior make a different influence on company performance in different ways;the higher institutional investors equity balance degree is, the higher the level of corporate performance. The research enriches the related theories of the influence of institutional investors’ Shareholding on firm performance. For the country, real estate enterprises, institutional investors themselves, it has an important practical significance on that they correctly treat the strength of institutional investors in promoting the company’s performance.At the end of this paper, according to the study results, put forward some suggestions to help the government to institutional investors make correct guidance, improve usefulness of the real estate enterprise’s own strategic decision, promote level of different types of institutional investors, long-term development and harmonious operation of capital market. |
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