机构持股比例高的上市公司其应计可靠性较高。
The companies with high proportion of institutional ownership have higher accrual reliability.
私人和机构股东之所以愤怒,是因为这笔交易无视他们的优先购买权----任何新股份发行,他们都应该有第一承购权,----并且降低了他们的持股比例。
Private and institutional shareholders are angry because the deal ignores their pre-emption rights – they should have first refusal on any new shares issued – and would dilute their stakes.
本文将股票按照机构投资者持股比例高低分为不同子集,分别研究惯性和反转现象的发生情况。
The returns of the groups show the characteristics of reversal with lower institutional investor holding and the momentum with higher institutional investor holding respectively.
结果表明,当公司成长机会多、机构投资者持股比例高时,上市公司选择期权激励的概率就越高;
The results show that firms with more growth opportunities and higher institutional investors holding have more probabilities to choose stock option motivation;
另一个令人吃惊的变化是,1980年,机构投资者在上市公司的持股比例平均为17.7%,现在则超过50%。
Another striking change: in 1980, institutional ownership of public firms averaged 17.7%. Today it's over 50%.
机构投资者持股比例越高,就越倾向股权激励;
The higher shareholding of institutional investors, the more selective tendency;
机构投资者持股比例越高,就越倾向股权激励;
The higher shareholding of institutional investors, the more selective tendency;
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