An Empirical Study On Ownership Structure And Corporate Performance In Listed Companies

The research of listed company's ownership structure and corporate performance has been a hot and difficult topic in the theoretical and industrial world. Different viewpoints interweave and collide, and the conclusions are far from the same. In our country, most of the listed companies have special ownership structure, because they are changed from the state-owned companies. However, the relationship of listed company's ownership structure and corporate performance results how exactly, this thesis tries to give an answer by empirical analysis. This thesis takes Hu and Shen markets' all listed companies after doing a necessary elimination in 2004 as example, using each company's publicizing ownership structure and corporate performance data in 2004, exploring the relationship of listed company's ownership structure and corporate performance. Then do related regression research between ownership structure and corporate performance, trying to discover a related relation between them and put forward related suggestion.According to the industry classification standard of listed company, we choose the data of agriculture, the farming and forest, herd, fishery (A), the excavation industry (B), the manufacturing industry (C), the electric power, the coal gas and the water production and the supply industry (D), the architecture industry (E), the transportation, store in a storehouse industry (F), the information technology industry (G), the wholesale and the retail sales trade industry (H), the real estate industry (I), the social service industry (J), the dissemination and the cultural industry (K) and the synthesis industry (L), as the sample of this article, Using 2004 the data of 2004 to do the real diagnosis analysis studies.At first in the background we Analyze the present situation of equity structure of listed company, elaborate the existence problem of equity structure of listed company, then we summarizes the domestic and foreign research achievement from the two aspects which are equity property and equity concentrative degree. Through the summary of domestic and international document, we drew out the paper structure and research technique, which using the method standard analyzes and real diagnosis analyzes to analyze the relationship between...