Shareholding Structure And Corporate Governance - Comparison Of Theory, Practice And Learn

The distortion of ownership structure has been thought as the key cause to result in low efficiency of corporate governance of Chinese listing companies in theory researching as well as in practical operation . Hence research on the relationship between two aspects has attracted numerous researchers interest and become important task with broad concerns. On the basis of systematic researching and analyzing the correlation of ownership structure and corporate governance, the paper, using quantities of practical experience of the developed countries for reference and taking inherent characters of non-mature economy in China into consideration, concludes a comparatively perfect ownership structure arrangement to fit the situation of our country. (l)as to concentration degree of ownership, the ownership concentration with simultaneous existence of many main stockholders much more fit the situation of our country; (2)as about the identity of stockholding body, keeping high ratio of corporation shares, helps to advance the efficiency of corporate governance. Then with analytical comparison of ownership structure of practical listing companies, the author find existing problems about ownership structure of Chinese listing companies, and hereof bring forward countermeasure and suggestion on how to introduce other big stockholders to optimize ownership structure,enforce inside governance to improve corporate governance efficency and gradually reduce the ratio of non-circulating shares in suitable circumstances.The article creatively comes up with the comparatively ideal ownership structure arrangement suitable to certain situation of present China.