Research On The Impact Of Insurance Fund Shareholding On Listed Companies’ Operating Performance

With the booming of China’s social and economic development,more and more important status in the modern financial industry,which in recent years the development of the fire.According to the data at the end of the year 0,the total amount of insurance industry in China has significantly increased to 23298.4 billion yuan,up 13.29% year on year.Total premium income improved significantly,reaching 4.5257 trillion yuan,a 6.13% year-on-year increase.At the same time,the application of funds of insurance agencies are on the increase,the growing of insurance funds for capital operation of the insurance industry provides abundant capital support.As the financial system of investment and financing management and supervision system under the condition of constantly improve,financial markets often as institutional investors participate in the insurance company,such not only helps to contribute to the insurance industry and the win-win of the stock market,but also to achieve the performance of the invested enterprise.Can adopt the way of insurance institutional investors holding,broaden the channels of insurance investment,at the same time is conducive to the insurance industry profit model transformation,improve the efficiency of the flow of the assets and operations,can provide safeguard for the invested company’s long-term operation,increase the investment funds operation,help to promote the growth of the enterprise.Insurance institutional investors,as a major shareholders to participate in related activities,help to better operation of listed companies.Based on the case study combined with empirical way to explore this question,based on the listed business performance influence literature at home and abroad,on the basis of analysis of the insurance company for the listed company,give corresponding evaluation;First analyze the investment of insurance funds,determine its basic theory connotation and impetus,discusses the risks investors holding the mechanism of the influence on the invested companies operating performance.Secondly,according to the theoretical research content,relevant empirical analysis was carried out.According to the business performance data from 2015 to 2019,the return on equity data was selected to express the performance of enterprises.The paired t-test was conducted on the business performance samples classified into two groups based on whether the listed companies held by insurance funds had significant differences,and the results showed that the performance levels of the two groups of samples were significantly different,and the average performance of listed companies held by insurance funds was better.Then build multivariate linear regression model to study the operating performance of listed companies and the proportion of risk capital is the relationship between the high and low.The study found that with insurance funds holding companies operating performance is higher than without insurance funds holding business performance;In insurance funds owned by the enterprise,the higher the risk venture stake,business performance better,show significant positive correlation.Then select Tongling Nonferrous Metals Group Co.,Ltd as the research object,analyzing guohua life insurance company investment process and the effect of Tongling Nonferrous,according to the change of business performance,risk investment holding deep insight into its influence on enterprise performance.The results show that the stake in guohua life period,tongling nonferrous not only profitability,and its profitability and solvency has the improvement in different extent.Finally combining empirical study and case study research conclusions and Suggestions are put forward.