The Correlation Between Ownership Structure,Corporate Growth And Corporate Performance

GEM market is low threshold, high risk, heavily regulated stock market, and it is the high-tech incubator, the growth company cradle. GEM is an important part of the national capital market system, China's GEM is to adjust the industrial structure and promote economic reform means. GEM provides convenient for SMEs financing, creates the normal exit mechanism for venture capital, increases liquidity for innovative enterprises shares, facilitates enterprising implementation of equity incentive plans, and encourages employees to participate in value creation, promotes enterprises standardized operation, conducives to establish modern enterprise system. In this context, more and more investors concern about the GEM, a growing number of entrepreneurs plan to let companies listed on the GEM. Therefore, GEM listed company equity structure, growth and the company's performance has become a new hotspot.This paper studies the relationship between ownership structure and corporate growth and then between the relationship between ownership structure and corporate performance, finally study the relationship between ownership structure, corporate growth and corporate performance. Based on the theory and empirical research methods, both theoretically relationship GEM listed company ownership structure and the company's growth and corporate performance were analyzed, but also the relationship between ownership structure, corporate growth and corporate performance based on extensive empirical data the study. In the empirical study by modeling, using fixed-effects panel data model for 2010-2014 years of GEM listed company data regression, and regression analysis results. Research framework of this paper are:the first chapter is the introduction of the article, the second chapter is the literature review, The third chapter is the Evolution of GEM and faced problems, the fourth chapter is the ownership structure, relevant empirical analysis of growth and corporate performance, the Chapter V is conclusions and policy recommendations.Conclusions of this paper may have beneficial enlightenment for GEM listed company's business development:first, the GEM listed companies should consider reducing its stake in the largest shareholder, to help the company's long-term development; secondly, GEM the company introduced more institutional ownership, it is an effective way to improve the company's growth and performance aspects; and finally, the GEM listed companies to improve the company's growth and performance aspects of business problems through the equity method of checks and balances is futile, entrepreneurship listed Companies need to find other ways.