Research on Institutional Investors and Executive Compensation Stickiness Based on Fixed Effect Model: A Case Study of Chinese Listed Companies

Table 1

Classification of institutional investors.

Classify	Institution name	Investment theme	Investment ratio limit	Relationship with investee
Pressure-resistant institutional investors	Securities investment funds	Risk coexists and marginal revenue is maximized.	Yes	Do not intervene in corporate governance under stringent market supervision conditions
	Social security fund	Responsible investment, safety first	Yes	Active participation in corporate governance with high independence
	Qualified foreign institutional investors	Long-term stable development and multilateral cooperation	Yes	Actively participate in corporate governance, rational investment
Pressure-sensitive institutional investors	Securities company	Capital appreciation, business interests	No	Low independence, often as a stock underwriter
	Insurance company	Seeking profit from stability	Yes	Two-way benefit
	Trust company	Value investment with high liquidity	No	Two-way benefit