Analysis Of The Relation Between Ownership Structure And Performance Of Chinese Electric Listed Company

The ownership structure is a foundation of the corporate governance, also is the factor which influence the management performance of enterprises. In this paper, the Chinese electric listed company in Shanghai and Shenzhen Stock Exchanges from 2003 to 2005 being used as sample, descriptive analysis and relevant counter researches on the variables of the sample are done, and this paper uses the model to perform its empirical analysis. Empirical researches on the relationship between ownership structure and a company's performance are done ,and proposals on improving ownership structure are explored. The data of annual report that the listed companies announced are the main source of data that this paper carries on the empirical research. The empirical results suggests that there is no strong relationship between performance and state-owned stocks ratio or corporation stocks ratio or circulation stocks ratio. Firm performance is not significant related with the stocks-holding ratio of the biggest owners and the top five biggest owners.The innovation of this paper are: (1) In this paper, we construct a overall evaluated system for the electric listed company.(2)we make a systemic evaluation for the company performance of the electric listed company ,and on the base we select two targets to stand for the performance of the company.(3)Making use of the empirical research method, through the massive date analysis and processing, we make a systemic analysis of the relation between ownership structure and the performance of Chinese electric listed company.