scholarly journals Institutional investors, stewardship code, and corporate performance: International evidence

Author(s):  
Yutaro Shiraishi ◽  
Naoshi Ikeda ◽  
Yasuhiro Arikawa ◽  
Kotaro Inoue



2018 ◽  
Vol 54 (15) ◽  
pp. 3454-3469 ◽  
Author(s):  
Qizhi Tao ◽  
Ming Liu ◽  
Qingchen Feng ◽  
Yingjun Zhu




2016 ◽  
Vol 12 (16) ◽  
pp. 363
Author(s):  
Cheng Min

Recently with rapid growth of China's institutional investors, they are gradually becoming the dominant force in capital market. At the same time they start exerting influence on corporate governance and affecting corporate performance. Many previous studies have shown institutional investors’ holdings are positively correlated to corporate performance. However there are still many studies holding opposite opinions. This article further studies how institutional investors influence corporate performance and whether they have effects on corporate governance. On the whole, we come to the conclusion that participation of institutional investors promotes the improvement of corporate performance. These conclusions provide theoretical and practical guidance to future development of institutional investors.





2021 ◽  
Vol 13 (12) ◽  
pp. 1
Author(s):  
Qiuju Zhao ◽  
Huiming Wang ◽  
Dongsheng Li ◽  
Wei Li

Based on the data of listed companies in Shanghai and Shenzhen from 2013 to 2018, this paper analyzes the impact of institutional investors’ shareholding on corporate performance and discusses the intermediary role of control transfer and the moderating role of management power. The results show that institutional investors’ shareholding and control transfer have significant positive effects on corporate performance. Control transfer plays a partial mediating role between institutional investors’ shareholding and corporate performance. Management power has a negative moderating effect on the relationship between institutional investors’ shareholding and a control transfer. This paper provides a new theoretical explanation and empirical evidence for institutional investors to improve corporate performance from the perspective of control transfer, reveals the mechanism of management power in the process of a control transfer, and provides a theoretical basis for the development of institutional investors.





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