Institutional Investors and Institutional Environment: A Comparative Analysis and Review
综述了机构投资者分类的文献,将其与三种主要金融体系(市场导向、家族中心、银行中心)联系起来,并提出未来研究可从改进核心构念测量、采用更复杂研究设计、提出新问题三方面推进。
abstract We provide a review of the literature surrounding institutional investor classifications, and we extend this research by examining the aforementioned classification systems and relate this to the three predominant financial systems (market‐based, family‐centred, and bank‐centred systems). After integrating this literature we propose that future research can contribute to the corporate governance field in three main ways: through improved measurement of the central constructs, through more complex research designs (through moderated and/or longitudinal relationships), and through asking new types of questions. We suggest several questions and approaches for future research on institutional investors and their interrelationship with country financial systems.