Nature Of Equity:an Empirical Study Of Relationship Between Financial Performance

Today, there are more than four hundred GEM companies, market capitalization of it has more than two trillion, but the GEM concept points inside the company, industry research is even more rare, a party to show off is no refinement, on the other hand different reference value industry or investors is limited, so try digging feel fine article deepened. While most of the focus in terms of ownership structure, and ownership structure in academia is generally divided into two levels: the nature of the equity ownership concentration. Generally regarded combine the two studies, but special, which the market economy with Chinese characteristics, has an indelible effect in fact. Based on the above considerations and innovative thinking, as the case studies to explore the different classification of GEM a concept, industry listed companies Option and operating results of the company that is the relationship between financial performance.After the study and definition of GEM listed company concept of energy saving concepts such as full use of the corporate governance theory, agency theory, incomplete contract theory and other theory, in 2012 for the concept of energy saving GEM listed companies and 2013 years of corporate annual reports and other data to determine the profitability, operational capacity, solvency and development capacity of four representative indicators, covering: Total assets net profit margin, return on equity, liquidity asset turnover, total asset turnover ratio, quick ratio, debt ratio, total asset growth and net profit growth of eight subject, using SPSS software for factor analysis and principal component analysis, the consolidated financial performance of value creation.Then according to the nature of the equity holders classification, combined with previous research experience, choose what four variables: equity ratio of corporate shares, the proportion of shares of social individuals, executives shareholding ratio and proportion of outstanding shares, and the value of financial performance assumptions made four following assumptions.Then build the set of variables and models:FPV=(α1F1+α2F2+α3F3)/β,β=α1+α2+α3.Cumulative variance contribution rate, when the results were analyzed, and last a summary and outlook.