The Empirical Study Of Influences Of Corporate Scale On The Owner Concentration Ratio And Corporate Performance

The research about the relationship between owner structure and corporate performance has still been the focus of economic sector, enterprises circles and capital marketing. The owner structure is the important factor that is related to corporate governance, as the owner structure decides the distribution of corporate control and principal and agent relationship between owners and managers. The differences of the owner structure and the power control attributes to the effects of corporate management. From the domestic and international point of view, many researchers have discussed the factors that can affect the owner structure and corporate performance in the different fields.Corporate scale, which is one of the factors to affect the owner structure and corporate performance, is cited in the research models as a control variable. However, in the conclusion of empirical study, it is difficult to measure its influence. Some researchers have stated the "corporate life-circle", including the corporate scale, but they have not studied how corporate scale influences the owner structure and corporate performance. Therefore, based on the researches about relationships between the owner structure and corporate performance, it has always been an important topic to upgrade the corporate performance.This thesis sets out from the influence of corporate scale on the owner structure (the owner concentration ratio) in Chinese listed companies, appraising the shortcoming of the studies at present, analyses the inner influence of the owner concentration ratio on the corporate value and gives the conclusions that the different relationships depend on the different study backgrounds. Then it makes empirical studies on the relationship between the owner concentration ratio and corporate performance. The result shows that corporate scale is an important factor that affects the owner concentration ratio and corporate performance. In addition, they do not always have the relationship of the inverse U-shape between the owner concentration ratio and corporate performance, which is a rebuttal to the formal studies. At the following, it puts forward proposals and the further study suggestions.