The Empirical Analysis Of Institutional Investors Shares Holding To The Effect Of Commercial Banks Governance

Institutional investor's production is based on highly the specialization and the refinement social division of labor, is invests the specialization, the organization and the socialized product, the institutional investor transforms regarding the mobilization fragmentary deposit to the investment, the optimized company governs, the display stock market's social function and the normal operation have the pivotal influence. In our country, to promote our country stock market fast growth and the development, the management will cultivate the behavior standards the institutional investor achievement to strengthen the stock market construction vigorously the important content. at the beginning of January,2001 China Securities Supervisory Association President Zhou Xiaochuan in the national negotiable securities stock supervision workshop proposed that will want "the transnormal development institutional investor" China's institutional investor community to obtain the skip-type development from now on. Our country present has formed the securities investment fund, the negotiable securities company, QFII, the Insurance company and society guarantees the fund five broad heading institutional investor to coexist, with Taiwan competition pattern. Company's management to can involve the company to the institutional investor to govern, thus the improvement company achievements take an important strategy to take seriously, in our country's Commercial bank, the institutional investor owns stocks the proportion to be big, owns stocks quantity to increase with steady steps year by year, the display institutional investor participated in our country Commercial bank's government into inevitable choice and the tendency. Because our country Commercial bank develops swiftly and violently, already developed the state-owned Commercial bank, the joint stock system Commercial bank and the local bank tripod vertical pattern. As a result of the management scope and the scale unceasing expansion, our country Commercial bank's effectiveness of operation also unceasingly grows, simultaneously, as a result of banking industry own particularity, the risk must want big many compared to other professions, therefore, improves the bank the management structure, thus the surveillance management's policy-making behavior enhanced the security which and profit ability the Commercial bank managed has become one arduous and the essential duty, because the institutional investor was stable to the bank stock development, growth potential good by chance, it owned stocks the proportion section not to increase, was precisely because the institutional investor large-scale and had the bank stock for a long time, therefore forced it to take seriously gradually to Commercial bank's government, and participation positivelyIn bank management and decision-making. This article through goes on the market in Commercial bank's first ten major stockholders to our country 14, the institutional investor owns stocks the proportion and quantity statistics, has analyzed the change which five big institutional investors own stocks, and has carried on the comparison to them, simultaneously through the empirical analysis, owned stocks the proportion to this kind between the change and the bank management achievements relations has carried on the confirmation.