The Research Of Relation Of Performance, Equity Holding Structure And Capital Structure Of Listed Companies

Equity holding structure is the governing foundation inside company and decides the type and quantity of agency costs. Capital structure describes the proportion between shareholder's equity and creditor's equity, debt is that one kind of the important outside governing mechanism. The company's agency cost decides company's performance directly. Firstly, comparing equity holding structure, capital structure and company performance with international companies to find out the gap. Our country listed company stock right all together degree is high , the suitable part among them is that the state-owned share , the circulating share proportion are low; In liabilities, current liabilities overtops the developed country obviously , therefore, abroad the document research result is unable used to study our country listed company. Secondly, collecting and being in progress with arranging data that come from 11 industries about 822 listed company sample, and building the face ply data model on to coming from. Result is indicated: in IT and fabrication industry, the relationship between shares holding of the management and the ratio of liabilities is opposite direction, but, the shares of holdings managing has a forward direction effect to ratio of liabilities, in excavating the job , traffic and so on; Net asset earning ratio has a forword direction to the shares of holdings managing, but not notable. In excavating field, spreading with culture and the industry being authorized for dispatch of and retailing trade, the shares of holdings managing has an opposite direction, but in other Industries the relation of them is forward direction; Net asset earning ratio shows the negative relevance to the ratio of liabilities, in most of Industries, get rid of (the agriculture, forest, herd, fish) the job and manufacturing industry. The ratio of liabilities shows the negative notable relevance to net asset earning ratio. Finally, the Thesis submit the suggestion to company suggestion and to the investor according to demonstration.