Empirical Study On Relationship Between Ownership Structure And Company Achievements Of The Listed Companies Of Liaoning Province

The relations between ownership structure and corporate performance are one of thehottest topics in the field of financial theory research. Ownership structure is the foundation ofcorporate performance，which determines the company’s ownership and control of thedistribution. A reasonable governance structure of the company is supported by a reasonableequity structure. Most listed companies in Liaoning Province was the state-owned enterprises,with a special shareholding structure. The paper combine the theoretical analysis andempirical analysis, raise the assumptions ownership structure and corporate performance，usethe regression analysis on the data to test hypotheses. Make reasonable suggestions toimprove the corporate governance structure of listed companies in Liaoning Province.The article first introduces about the ownership structure and the company achievementsrelated concept，the domestic and foreign research literature summary．Then using empiricalresearch methods，on the basis of the related research and theoretical analysis, Proposed studyof the relationship between ownership structure and corporate performance assumptions. Takethe listed companies in Liaoning Province as the study sample, and select sample variabledata from2009to2011, use empirical analysis method to process the sample data ofcompanies and eventually come to the conclusions of empirical analysis. The annual report oflisted companies reported data is the main source of data for this article. After the empiricalanalysis, get the following conclusions: The stake of the state shares and corporateperformance is positively correlated; A positive correlation between corporate shares stakebetween corporate performance; Stake of the outstanding shares of the company performanceis irrelevant; Ownership concentration and corporate performance is positively correlated.Finally, based on the research findings， put forward suggestions to improve theownership structure of listed companies in Liaoning Province: First，on the basis of checksand balances in the equity, to maintain an appropriate degree of concentration of ownership；Second，to foster corporate shares consisting mainly of investment holdings；Third，Protectthe interests of minority shareholders to enhance the participation of minority shareholders oncorporate governance, strengthen the outside of the securities market regulatory and legalsystem.