Research On The Impact Of Insurance Institutional Shareholding On Corporate Performance

With the increasing investment channels of our national insurance funds,insurance institutions have become more and more frequent in the secondary market.In particular,the placarding behavior of insurance institutions has attracted attention in various fields in recent years.Equity investment is an important way for insurance institutions to use insurance funds,and insurance institutions have gradually become important participants in China's capital market.The opening of the national regulatory policy to the investment channels of insurance institutions is to encourage the investment behavior of insurance companies,enhance the ability of investment returns,and promote the development of direct financing mode to promote the healthy and stable development of the capital market.However,some insurance institutions frequently advertise in the secondary market,increase their shareholdings and even directly participate in the management of the invested companies.The results will not only affect the operation of listed companies,change the company's performance,and even affect the stability of the entire capital market.Therefore,an in-depth analysis of the impact of insurance institutions' shareholdings on invested companies has strong theoretical and practical significance for insurance companies,listed companies and even the entire capital market.This paper summarizes the status quo of insurance institutions' shareholding and the theoretical mechanism of participating in the governance of listed companies.The NA Group is selected as the research object,analyzes the process of equity investment of B insurance institutions and the performance of participating in the corporate governance of NA Group,and combines the financial performance before and after the event.Changes,further analysis of the impact of current domestic insurance institutions' shareholdings on the performance of listed companies.The article found that:(1)The insurance institution's shareholding changed the original shareholding structure of NA Group.The insurance institution changed the NA Group's equity incentive plan after holding the shareholding,and seriously affected the management structure of the group;(2)Insurance institutions The shareholding has a negative impact on the financial performance of the NA Group.According to the comparative analysis of the individual financial performance of the insurance institutions before and after the corporate governance in 2012-2017,the factor analysis method is used in combination,and the solvency and operational capacity of the insurance institutions tothe investors.Profitability growth and overall performance have had varying degrees of negative impact.According to the conclusion of the research,from the perspective of the regulatory body,it puts forward relevant suggestions for regulating the equity investment behavior of insurance institutions,and proposes suggestions on how to avoid conflicts and improve the efficiency of corporate governance when insurance institutions participate in corporate governance,and is similar to its situation.The company provides a reference.