Corporate Ownership Structure, Growth And Enterprise Value Relations Empirical Research

The theory of firm growth is widely and thoroughly studied, in both economic area and management area. This topic is very important to a young firm, the growth of which is subject to many factors, no t only by the micro firm level factors, like the financial structure, the operation ability and the technological advantages, but also by the industrial and macro economic factors like the government policy. This research focus on the ownership structure of the firm in the micro level, and how this structure influences the firm growth. After that, a regression was run on the ownership structure and the firm growth in which the dependent factor is the firm value, and a conclusion was drawn.There are5parts in this dissertation:Part one is an introduction of the research background, as well as the research merits, after which the research framework and design are brought up. Also this part contains an explanation and an discussion on the originality. The ownership structure is a hot topic in related firm theory. This research not only contributes to finding the quantitative relation between ownership structure and firm growth, but also to facilitating good finance planning and a better business governing.Part two, the ownership structure and firm growth theory are all fully and thoroughly combed,. Since the agent theory was invented, the research regarding ownership structure and firm value goes widely, many original ideas are brought up, which are in good use in practice. This part is organized by time and overseas to national.Part three contains the theoretical analysis and hypothesizes. On the ground of thoroughly organized the research before, several hypothesizes are made, which makes sure the empirical analysis after is well founded.Part four and five is empirical analysis. The sample contains165firm which go public on Shenzhen Board. The main tools cover Logistic regression and linear regression. The conclusions are solid and well explained. Several suggestions and potential research proposal are made.