机构投资者与公司治理:文献评述与研究框架  

Institutional Investors and Corporate Governance:Literature Review and Research Framework

作　　者：林雨晨[1,2] 谭劲松[1,2] 

机构地区：[1]中山大学管理学院,广东广州510275 [2]中山大学现代会计与财务研究中心,广东广州510275

出　　处：《会计与经济研究》2013年第5期70-80,共11页Accounting and Economics Research

基　　金：国家自然科学基金项目(71272196);广东省人文社科重点研究基地重大项目(2012JDXM-0002);广东省哲学社会科学"十二五"规划项目(GD11CGL19)

摘　　要：机构投资者与公司治理的关系,在学界和业界是关注度很高的重要话题。国外的相关研究在严格区分机构投资者类型的基础上探讨了机构投资者的治理动机、治理机制和治理后果,相比之下国内相关文献则着重于对治理后果的研究,而对机构投资者的类型及其治理动机和治理机制缺乏深入有效的分析。基于以上对国内外文献的分析和评述,构建了机构投资者参与公司治理的研究框架。The relationship between institutional investors and corporate governance is an important issue which has attracted the attention from both the academia and the industry. By strictly dividing institu- tional investors into different types, international studies present detailed discussions on governance motiva- tion, governance mechanism and governance consequence of institutional investors. In contrast, domestic studies mainly focus on governance consequence, and lack in-depth analysis on investor types and their governance motivation and mechanism. Based on the above analyses and reviews of both the international and domestic studies, this paper establishes a research framework of institutional investor participation in corporate governance.

关 键 词：机构投资者 公司治理 治理动机 治理机制 治理后果 

分 类 号：F271.5[经济管理—企业管理]