Research On The Effect Of Diversified-owned Enterprises' Ownership Structure On Corporate Governance Efficiency

The impact of ownership structure on corporate governance has always been the centre of the company performance,and improving the efficiency is the final objective of the corporate governance.In the context of mixed ownership reform,starting from classified reform,the findings between ownership structure and corporate governance are significant.The theoretical and actual backgrounds of this paper are briefly given.Put forward the ownership structure factors that affect the effectiveness of corporate governance,including equity constituent,ownership concentration and equity balance degree.Combining theory with empirical method,established the multiple regression model and the Logistic regression model.Selected samples among "transportation,warehousing and postal industry","electricity,heat and fuel industry" and "mining industry",124 state-owned listed company in total.When dependent variable is continuous variable,using the multiple regression model,and when dependent variable is dummy variable,using the Logistic regression model.In the end,put forward several feasible strategies intended to prove corporate governance performance of mixed-ownership enterprises depending on status analysis and empirical result.The study found that state-owned holding enterprises are superior to state-run equity participation in corporate governance performance,and there is a positive correlation between ownership concentration and corporate governance performance,which are conforming to the general conclusion,but they may differ from the state's overall project.Because of the mixed ownership reform is still in,there have been lots of problems,then that is too early to say for sure,but mixed-ownership enterprises' corporate governance performance remains to be improved.Government capital should give the power of control back to other capital within a certain reasonable limits,and ensure safety and security of capital,and thus to improve the corporate governance performance and mechanism.