The current paper is organized as follows: section 2 discusses the role of institutional
investors in corporate governance from a theories perspective, while section 3 provides for
the role of institutional investors from previous literature. Section 4 highlights the corporate
governance issue in Jordan and section 5 covers the determinants of institutional ownership.
In section 6 data and methodology are discussed, while section 7 shows the statistical
analyses. Section 8 discuses the results, while section 9 investigates the probability of
institutional investors to control the firm. Finally, section 10 concludes the study.