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实证研究表明:有机构投资者持股的上市公司业绩要明显优于没有机构投资者持股的公司业绩;机构投资者持股份额与下一期的公司业绩正相关;机构投资者对第一大股东的持股制衡度越高,下一期公司业绩越高;长期机构投资者对公司业绩的改善程度与短期机构投资者没有显著差异。因此,建议完善机构投资者的投资环境;大力培育机构投资者队伍;增加机构投资者参与公司治理的渠道。
Empirical studies show that the performance of listed companies with institutional investors is significantly better than those without institutional investors. The institutional investors ’shareholdings are positively correlated with the company’s performance in the next period. Institutional investors’ The higher shareholders’ shareholding scale, the higher the performance of the next company; long-term institutional investors to improve the performance of the company and short-term institutional investors did not differ significantly. Therefore, it is suggested to improve the investment environment for institutional investors; to foster institutional investor teams; and to increase the channels for institutional investors to participate in corporate governance.