Analysis Of The Relationship Between The Investment Behavior Of Institutional Investor And The Intrinsic Value Of Corporate

In recent years, the domestic institutional investors, the rapid development, becoming animportant force in the stock market, investment behavior and the impact on the market more andmore attention. This article is based on our current stock market, and from this point of view of therelationship between institutional ownership and the intrinsic value of research on the behavior of"value investing" in the institution Stock Selection, and policy makers to provide data to supportmanagement.The full text of research methods using a combination of specification and empirical research.The theoretical analysis of the use of standardized research methods, I define the institutionalinvestors, the two concepts on the basis of the intrinsic value of enterprises, institutional investorsare classified, the process of growth of institutional investors and; realistic analysis using empiricalresearch methods scale measure various types of institutional investors holding conditions, thedevelopment of the overall intrinsic value of the capital market listed companies descriptivesummary of the relationship between institutional ownership and the intrinsic value, value investingthe direction of the assumptions embarked on empirical research. Empirical studies have shown that:in recent years, the overall intrinsic value of our securities market increased gradually, with someinvestment value, but the market is still overestimated phenomenon; the second in recent years,institutional investors on the whole development soonits holdings in the market as a whole theproportion is still not subject to further development; Specifically, the Equity Fund of the fastestgrowing, the QFII, social security funds, insurance funds, corporate pension also receiveddevelopment, but the pace of developmentSecurities Fund slower, especially in the enterpriseannuity, the development of space.According to the evidence, the paper argues that efforts should continue to developinstitutional investors, improve the structure of institutional investors, especially the development ofsocial security funds, the typical value of institutional investors in equity funds and corporatepension, while improving the quality of listed companies, trying to soundimprove the institutionalinvestors in corporate governance mechanisms and capacities to effectively promote theinstitutional investors "value investing".