共同機(jī)構(gòu)投資者的研究脈絡(luò)及其展望

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中圖分類號：F832.51 文獻(xiàn)標(biāo)識碼：A 文章編號：1007-5097（2025）03-0083-09

ResearchFramework and ProspectsofCommonInstitutional Investors

SUNFan，DU Yong，WANG Xiaoxuan （College of Economics and Management，Southwest University， Chongqing 40o715， China）

Abstract：Asinstitutional investors inthecapital market increasinglyholdsharesacross multiplecompanies withinthe sameindustry，thesecommon institutional investors haveemergedasasignificant focusof government atentionanda prominentsubjectof inquiryincontemporary corporate finance research.Theessay folows theresearch framework of "Motivation→Pathway→Outcome"concerningcommon institutional investors.Firstly，it examines theunderlying motivations thatdrivetheseinvestorstocoordinatecorporatebehavior.Secondly，itsummarizesthepathwaysof coordination，categorizing thembytheirformsandspecificmethodologies.Lastly，theessyconcludes byevaluating the outcomesofsuch coordination，analyzedthrough thedualperspectivesof "collaborativenetworks"and "collusive networks".Building upon this，theessay further explores potential future research directions for futureresearch concerning commoninstitutional investors.Theaimis tosupport thedomesticacademiccommunityinexamining the inter-company linkage efectsand corporategovernance issues fromtheperspectiveofcommoninstitutional investors. Furthermore，thestudyseeks toofervaluableinsightsforgovermentauthoritiesintheformulationofrelevantpolicies.

Keywords：commoninstitutional investors;commoninstitutionalownership;crossoldingbyinstitutional investors; synergy;collusive monopoly

一、引言及文獻(xiàn)綜述

共同機(jī)構(gòu)投資者指同時持股同行業(yè)多家企業(yè)的機(jī)構(gòu)投資者1。（剩余16812字）