Empirical Research On Ownership Structure And Corporate Performance Of Listed Real Estate Companies

Since the shareholding structure of the modern theory of emerges,the relationship between ownership structure and corporate performance have become a hot issue studied by the domestic and foreign scholars. Ownership structure is the foundation of corporate governance, which determines the company's ownership and control of the distribution relationship, thereby affecting the company's operating performance. As the modern corporate structure becomes more complicated, the factors affecting the performance of companies are more than ever, and the composition of equity are diverse, hence,although there are many scholars studying this issue, but so far there is no consistent conclusion. This article is based on previous studies, make theoretical and empirical analysis about the ownership structure and firm performance combined with the characteristics of listed companies in the real estate industry, and illustrate the relation between structure of listed companies in China and performance based on results of the analysis above.The paper combine the theoretical analysis and empirical analysis, select the data of listed companies in the real estate industry in China through the three years:2007-2009, raise the assumptions owner ship structure and corporate performance,use the regression analysis on the data to test hypotheses. Then the paper make the conclusions based on the empirical analysis and the corresponding policy recommendations.The paper includes five parts:The first part is about an introduction to illustrate domestic and international economic background of the thesis topic selected, the significance of topics, the contents of the paper, the research methods, and the main task; The second part is about the theory and literature review of the scholars, the theory introduction about the ownership structure and corporate performance, and the review about research of many scholars from home and abroad; The third part introduce the condition of ownership structure of listed companies and operational performance of the real estate industry in China, and points out the problems of current real estate ownership structure of listed companies and operational performance;The fourth parts is about the empirical research, this part use regression analysis method to process the sample data of companies and eventually come to the conclusions of empirical analysis; The fifth part goes to the conclusion part, including the conclusion from the theoretical and empirical analysis of reached and policy recommendations for listed companies.