Research On The Correlation Between Equity Structure And Corporate Performance Of Listed Companies In The Financial Industry

Ownership structure is the basic element of corporate governance,it is through the ro le of corporate governance mechanisms to influence the company's performance level.T he financial industry is the core of our economy,and the reasonable ownership structure i s of great significance to the governance and performance of financial companies.Throu gh the in-depth study on the ownership structure and corporate performance of China's fi nancial industry,it is helpful to improve the financial performance and performance level of the financial industry and promote the long-term and stable development of China's fi nancial industry by quantitatively evaluating the corporate performance and internal mec hanism of the financial industry.This paper studies the relationship between equity structure and corporate performan ce of financial industry listed companies in Shanghai and Shenzhen from 2006 to 2015.F irst of all,the relationship between ownership structure and corporate performance is ana lyzed theoretically and the literature is reviewed to understand the scholars' research resu lts on the ownership structure and corporate performance.Secondly,the principal perfor mance analysis method is used to establish the performance evaluation system of financia l industry listed companies in China,Finally,the dynamic panel data model(GMM)is est ablished,and the relationship between ownership structure and corporate performance is studied by correlation analysis and regression analysis.The relationship between owners hip structure and corporate performance is analyzed.Through the relevant research,the author draws the conclusion that the shareholding structure and corporate performance of listed companies in China are significant: the rati o of state-owned shares is significantly negatively correlated with the performance of the company;the second is that the proportion of outstanding shares is significantly positivel y correlated with the performance of the firm;third is the proportion of the top five share holders And there is a positive correlation between the performance of the company and t he performance of the company;fourth is the legal person shares and the largest sharehol der shareholding ratio and the performance of the company there is no significant correla tion between the five is the equity balance Z index and the negative performance of the c ompany.Based on the above conclusions,this paper puts forward some suggestions on th e nature of equity and the concentration of equity in China's financial industry listed com panies.