An Empirical Research On Relationship Between Ownership Structure And Corporate Performance Of Listed Companies

The ownership structure is the internal structure of the corporate owners,it determines the mode and the mechanism of corporate governance structure, and the corporate governance efficiency influences the corporate performance directly. With the development of our economic market, the state-owned enterprise undergoes shareholding system transformation and developed progressively to the listed companies. During nearly 20 years, the reform has made certain achievements, but there still have some problems, such as: unreasonable ownership structure, low efficiency of corporate governance, unsatisfactory business performance,etc. The domestic and international scholars have already made much research to this problem, but have not drawn an identical conclusion yet.On the basis of modern enterprise's theories, the thesis studies the ownership structural influences on the performance of the listed company and makes suggestions and countermeasure, in order to improve the ownership structure of listed companies of our country, the efficiency of corporate governance, and the business performance.First,the thesis introduces explanation of the concepts, the research approach, and summarizes the logic structure of the thesis, analyzes the basic situation of the ownership structure and the corporate performance of the listed company of our country, the equity owner structural impact on corporate performance. Combine the special national conditions of our country to analyzing of current equity owner structure and situation of the performance of listed company of our country. Offer the realistic basis to the empirical research for the thesis.The part of empirical research explains the method of sample choosing and the variables used in the empirical research. Then it puts forward hypotheses about the influences of equity ownership form and equity concentration degree to corporate performance. It makes describing research to the relation between the ownership structure and financial performance of listed company, and draws the conclusion.At last, According to the results of empirical research and the current situation of the security market of our country, it draws the conclusion:firstly, We should reduce proportions of state-owned share;secondly, increase the proportion of the corporate share;thirdly,to unify the stock market progressively;finally,to solve the circulation problems of state-owned share, and to improve ownership control power.