Research On Institutional Investors And The Protection Of The Interests Of Minority Shareholders On Corporate Governance Level

The problem of small and medium-sized shareholders damage on the market is still widespread in our country,the cause of this phenomenon in addition to the lack of relevant laws and regulations mainly is the company's internal governance mechanism is not perfect,the protection of the interests of small and medium shareholders is an important factor affecting the healthy development of China's capital market.In the early 1980 s,the institutional investors are actively involved in the western capital market,become a kind of important mechanism of corporate governance,our country regulation will also put forward in 2000 "extraordinary development of institutional investors",are also vigorously promote its development in recent years.Because of these,it is very important for the research on institutional investors protecting the interests of small and medium investors.To study the impact of institutional investors on the interests of small and medium investors,firstly,this paper studies the relevant literatures of domestic and foreign scholars to understand the current situation and viewpoints of relevant research,and summarizes them.Then list and analyze the relevant theories,it also describes the encroaching on the interests of small shareholders,institutional investors' motivation of participation in corporate governance,their behavior and the protection effect of minority shareholders' interests.Argues that while the behavior of major shareholders management harm the value of the company and the shareholders interest,a positive institutional investors for its own interests to pursue to exercise their rights,to affect the enterprise management and decision-making,also can objectively promote the protection of the minority shareholders interests.At the same time,it summarizes four aspects that measure institutional investors' protection of interests of minority shareholders,as the corporate governance structure,the quality of information disclosure,the value of the company and the return of the shareholders.Selected case studies of Zhuhai GREE electric appliances co as the research object,respectively detailed analysis from the company as a whole and institutional shareholders participating in corporate governance events,so as to verify previous views.Research shows that the existence and positive behavior of institutional investors can indeed promote the interests of minority shareholders.Finally,we conclude this paper and give some Suggestions on how to improve the corporate governance mechanism of corporate governance to protect the interests of minority shareholders.This paper holds that institutional investors have more incentive to participate in corporate governance than small and medium-sized investors because of their positive characteristics ofshareholders.Through its positive behavior produces positive benefit to the company management,to improve corporate governance mechanism,improve the quality of corporate disclosure,improve the value of the company and shareholder returns,and so on,so as to realize the purpose of getting more self-interest,eventually objectively promote the role of protecting minority investors' benefit.