The Research On Insurance Institutional Investors Strategically Participating In Listed Company Governance

At present, China's total assets of insurance has reached RMB1.3 trillion, among which RMB 65 billion can be put into the stock market directly according to the rate of 5%. As the insurance capital administrators, the insurance institutional investors, by sticking to the idea of value investment and long-term investment, should participate in the aim corporate governance step by step to get rid of the passive state in the investment market.The insurance institutional investors participate in the administration of listed companies and supervise corporation managers, which could change the stockholders' weaker status than the managers. The thesis expatiates on the influence elements and way in which the institutional investors take part in the listed corporate governance. Then together with China's insurance investment characters, it analyzes the necessity and practicability of the insurance institutional investors' participation in corporate governance.The thesis, by ration analysis, establishes the gambling model between the insurance investors and other investors, and the interest conflicts and conformity model between the insurance institutional investors and the listed corporation managers. Its results show the insurance investors' participation in the corporate governance is good for improving the net value of listed corporations, thus the insurance investment income increases while the managers' income decreases. The possibility of managers' moral risks diminishes and then the cost is reduced.Finally, the thesis does demonstration study for the listed company governance from the angle of the insurance investors and establishes the comprehensive evaluation model by spssl2.0 software and gene analysis. Its results not only supply the gists for insurance investors'dicision but also do good to the improvement of listed companies' governance and to the increase of long-term value.