An Empirical Study On Equity Concentration,Equity Restriction And Corporate Performance

At present,China's automobile manufacturing listed companies have been rapid development,sustainable development for China's national economy continue to power.Automobile manufacturing listed companies is an important bridge connecting the automotive market and capital markets,not only to provide a lot of money for the automotive industry,effectively alleviate the shortage of the automotive industry,but also play a chemical resource allocation,promote the automobile manufacturing industry The revitalization of development.Therefore,it is very important to study the economic benefits of the listed companies in the automobile manufacturing industry to the rapid development of China's basic manufacturing industry.Scholars at the domestic and abroad have carried out empirical research on the correlation between ownership structure and corlporate performance of listed companies.Most of the scholars of the researching results,have shown a reasonable distribution of shares,beneficial to the company to configure a reasonable governance structure,while helping to improve the performance of listed companies.In the enterprise modern management system,the connotation of the ownership structure includes the concentration of ownership.Equity balance,the nature of equity,the election of the second:the ownership concentration,equity balance as a key factor in corporate governance,to explore these two factors on the substantive impact of corporate performance.Based on the financial data of 81 listed companies from 2010 to 2015 in automobile manufacturing industry,this paper uses descriptive statistics,correlation analysis and regression analysis method to analyze the operation of listed companies of automobile manufacturing industry from both qualitative and quantitative aspects Performance and equity structure of the status quo,and summed up China's automobile manufacturing listed companies operating performance and equity structure of the main indicators of the industry's general level,in order to measure China's automobile manufacturing industry listed companies operating performance and equity structure to provide an effective comparison criteria.Then,based on the literature review and the present situation of listed companies in automobile manufacturing industry,the author puts forward the theoretical hypothesis,carries on the empirical research,and analyzes the regression model.According to the research results of this paper,there is a negative correlation between the concentration of ownership of listed companies in China's automobile manufacturing industry and the performance of enterprises,and the equity checks and balances have a positive U-shaped relationship with the performance of listed companies.Finally,according to the modern economic development and related policies,the author puts forward some countermeasures and suggestions to optimize the ownership structure of listed companies in China's automobile manufacturing industry and improve the overall performance of the company.