An Empirical Study On Ownership Concentration And Corporate Performance About Listed Company Of Nonferrous Metal

A company’s equity structure is reasonable or not will affect the company’s governance structure,and then influence the performance of the company,many scholars have been devoted to studying the impact of ownership structure on corporate performance,and the ownership concentration and ownership structure is an important aspect.I consider the non-ferrous metal industry is an important pillar of the national economy industry of our country,in recent years,the rapid development of the industry,expanding the scale of production,continuous improvement,improve the performance of the non-ferrous metals listed companies play an important role in promoting the economic development of our country,so this paper selects the non-ferrous metals listed companies as the research object.The first relates to research on ownership concentration and corporate performance to do a comb through the introduction of ownership concentration and corporate performance and then analyze the meaning of metric measure of corporate performance indicators,and based on the analysis of the current situation of concentration status and corporate performance status and equity of Listed Companies in China Nonferrous Metals industry.Through the analysis of the current situation,select the sample data,put forward the hypothesis,establish the model.This study mainly used descriptive statistical analysis,correlation analysis and regression analysis methods of 2013-2015 data analysis,in-depth study of the correlation between ownership concentration and corporate performance,finally obtains the effective regression model.Due to the special nature of the selected research sample,it can make the research more effective and targeted.The empirical results show that there is a significant negative correlation between the proportion of the largest shareholder and the company performance.The ratio of the first largest shareholder and the ratio of the proportion of the second major shareholders and the company’s performance is significantly negative correlation.There is a positive correlation between the proportion of the top five shareholders and the company performance and between the proportion of the top ten shareholders and the company performance.There is no significant correlation between the proportion of the top five shareholders and corporate performance.