@article{f986a88e114049c79254ae5b33b09b8a,
title = "机构投资者的治理角色——过度投资视角 The Governance Role of Institutional Investors with the Perspective of Over-Investment",
abstract = "本文以2007\textasciitilde{}2009年我国上市公司的过度投资行为为背景,考察机构投资者持股对过度投资的治理角色。研究结果表明,机构的期末持股比例、长线型机构投资者尤其是长线型基金与过度投资显著负相关,表现为有效监督者的角色;短线型机构投资者则缺乏公司治理的意愿和动机,表现为利益攫取者的角色。研究结果意味着,我国的机构投资者同时具备有效监督者和利益攫取者的角色,何时表现出何种角色取决于持股比例以及持股时间。",
keywords = "effective supervisor, institutional investors, interest grabbers, over-investment, 利益攫取者, 有效监督者, 机构投资者, 过度投资, effective supervisor, institutional investors, interest grabbers, over-investment, 利益攫取者, 有效监督者, 机构投资者, 过度投资",
author = "Jianfang..Zhao Ye and 叶建芳 and Danmeng Li and 赵胜男",
year = "2012",
language = "简体中文",
pages = "27--35",
journal = "证券市场导报",
issn = "1005-1589",
number = "5",
}