The Ownership Structure And Performance Of China's Listed Companies

China's security market is a developing market, it's related mechanism is not perfect and it's ownership structure(EOS) is very special。The unsatisfactory performance of listed companies has been become one of the main obstacle to the healthy development of our security market.In recently years,scholars,government and enterprises have done a lot of theory research and practice.On the basis of previous researth,this article discuss how relation between ownership structure and firm performance.According to the study of more than 1,000 listed companies between 2002 and 2003, analyze the the effect of the characteristics and concentration of China's listed companies ownership structure by positive method.From these studies,I draw some conclusions, such as that dominating shareholders and relatively hign degree of centralization rate help to improve the firm performance due to the incompletion of extrnal supervision system.