A Study Of The Relevance Between Ownership Strcture And Corporate Performance Of Agricultural Listed Companies

The relevance between corporate ownership structure and corporate performance has been being a hot topic focused by the academic researchers, but the conclusion reached by researchers differed greatly because there are many different perspectives on this subject. Otherwise these researches provide not only the clues but the methodology. With the method of empirical study and normative study, this paper took the agricultural listed companies as objects, through analyzing the data of corporate ownership structure and corporate performance published by the companies, to reveal the relevance between corporate ownership structure and corporate performance.This study has great practical and theoretical significance for the agricultural listed companies to optimize the ownership structure, better the corporate performance, and to keep continuous healthy fast condition of development. It can also supply the theoretical refere(?)ce for the relevant government administrations to decide the policies and for the individual and institutional investors to make the right investing decision. Furthermore, this study can also provide certain basis for the reform of the agricultural state-owned enterprises.Based on the review of related literature in and out of country, the correlations between corporate ownership structure and the corporate governance were analyzed and the status of the corporate ownership structure and corporate performance were given.In empirical study section, totally 40 agricultural listed companies were chosen as samples and 2002,2003,2004 as timeline studied and five variables of ownership concentration and three variables of ownership structure and two variables of controlling were defined. With the method of principal components the comprehensive variable of corporate performance was defined. The empirical study of the relevance between corporate ownership structure and corporate performance was carried out through combining the empirical analysis and normative analysis and by using the Eviews and SPSS software package. The conclusion that corporate ownership structure had significant effects on the corporate performance was drawn through the analysis of empirical models.