Research On Relationship Between The Ownership Structure And Corporate Performance Of China’s Automobile Manufacturing Industry Listed Company

In this paper, after the theory of reference to the world of research, it is analysis ofmany aspects of the ownership structure of the automobile manufacturing industrysituation, and the ownership structure of the corporate governance structure affects theperformance of the corporate governance mechanism elaborate. It can help accuratelydetermine the efficacy of the present stage of this reform, correct choice of principles andpolicies contribute to policy-makers in the field, help to improve the operation mechanismof China’s stock market, can greatly promote the healthy and steady and sustainabledevelopment of China’s securities market and listed companies.First, the paper describes the research background and significance influence,through a review of the research on the structure and performance of domestic and foreign,the analysis of the inadequacies of the previous Research, which is proposed to the pointof this paper, at the same time, it also explained the research content and methods.Secondly, the paper describe the theoretical basis and Research, including basicconcepts and theoretical overview of the ownership structure and corporate performance,the enterprise contract theory, the theory of property rights, the separation of ownershiptheory and principal-agent theory, and further explanation the equity structure of themechanism of action of the efficiency of corporate governance.Thirdly, the paper describes the mechanism of the impact of the ownership structureand governance performance, from the analysis of the nature of equity and corporateperformance and performance evaluation of corporate governance analysis, the foundationfor below research.Fourthly, corporate governance performance indicators is selected from the fouraspects of profitability, operation, solvency and cash chain capacity of many financialindicators, using empirical research method to get a comprehensive managementperformance indicators, and establish a greater diversity regression model to study theintrinsic relationship of ownership structure and corporate performance, which revealsboth the intrinsic link in China’s special economic system environment.Finally, the paper concludes, in accordance with the above detailed empirical conclusions of the research and analysis, this paper is helpful to improve the equitystructure of listed companies in China to improve company performance, put forward anumber of policy recommendations to optimize the equity structure of listed companies toimprove the governance of capital market conditions and equity legal environment.