The nature of the kinetic ballooning mode in the magnetohydrodynamic (
MHD) second stability regime is clarified through the behaviour of the
eigenfunction. It is found to be a continuation of the MHD ballooning
mode (not of the second mode with a smaller growth rate which coexist
s with the MHD mode). The kinetic shooting code is also applied to the
parameters of TFTR in which the kinetic ballooning mode has recently
been observed. The toroidal mode number and the frequency for the fast
est growing mode are found to be consistent with the experimental obse
rvations. Finite-beta stabilization of the electrostatic ion temperatu
re gradient (ITG) mode and destabilization of the ITG-driven balloonin
g mode are demonstrated. Also studied is the mode stability in the neg
ative shear region, where the MHD ballooning mode is known to be stabl
e. The kinetic ballooning mode persists for s < 0 with a narrow stable
window near null shear.