The Research Of Relationship Between Ownership Structure And Corporate Performance In Our Commerce Enterprise

Ownership structure is the basement of structure of corporate owners, the distributions of residual claim right and residual control right is determined by Ownership structure. As the time, the corporate governance and the character of principal-agent between owners and operator is determined by ownership structure. ownership structures have great influence on distribution of interests and rights. Different ownership character and Stock-holding proportion have different Positions and investment purpose, hence there is different corporate governance mechanism and performance. hence there will be different corporate performance.First, it review the related literature included our interior and overseas, it analyses the theory about Ownership structure, management structure, corporate performance and procession mechanism between Ownership structure and management structure, then it sums up the relation between Ownership structure and management structure in our Commerce enterprises. It takes the largest shareholder,the five largest shareholdings and Herfindal index as the indexes to scale Ownership Concentration, as the time, It takes the fraction of shares owned by the nationality shareholders, the corporation shareholders and public shareholders as the indexes to scale ownership character. using the Chinese Commerce enterprises in Shanghai and Shenzhen Stock Exchanges in year 2008 as sample, it profoundly analyses the connection between Ownership structure, Ownership Concentration and corporate performance. it takes the means of connection of the theory and demonstration, at the last, it founds the connection between Ownership Concentration and corporate performance in our Commerce enterprises, and puts forward much advanced advice, greatly boosts the corporate performance.The empirical results indicate that the ownership structure including ownership character and ownership concentration has effect on corporate performance. the fraction of shares owned by the largest shareholder,the five three shareholdings and the five largest shareholdings has faint inverse U relation to of shares owned by the largest shareholder has no notable relationship with company Performance, but The fraction of shares owned by the five largest shareholdings has inverse U relation with corporate Performance and we don't find there is some relation between Herfindal index and company performance. the relation between the fraction of shares owned by nationality shareholders with company performance is adverse, the fraction of shares owned by the corporation shareholders has plus relationship with company Performance and the fraction of shares owned by public shareholders has non-linear relationship with company Performance.In this thesis, we choose the Commerce enterprises as our case, as the Commerce enterprises is very competitive, which can avoid some factors as government monopolization, nature monopolization and oligarch monopolization affect economic rule, so which can embody the relationship between ownership structure and corporate performance goodly, then we can use their relationship to resolve much question, and enhance corporate performance. as the time, in the competitive industry, We have no advantages in the way of policy safeguarding and resource monopolization, but ownership structure is an important factor for the corporate performance, so it can make sense to study the relationship between ownership structure and corporate performance in Commerce enterprises, which can optimize our ownership structure. In the study, we will assort with and distribute many benefits and enterprise organization among company owners and company operators, so it is meaning for optimizing corporate managing structure and enhance corporate performance. it provides proof of theory about the connection between Ownership Concentration and corporate performance and gives good advice about promoting corporate performance for us. especially, in Commerce enterprises, the study promotes core competitive mess, optimize the equity structure and boosts corporate performance profoundly.