An Empirical Research On The Relationship Between The Structure Of Ownership And Firm Performance Of High-Tech Listed Companies

The improvement and development of securities market provides an important basis for the growth of high-tech listed companies, which is becoming the most dynamic part of listed company. The stable business performance of high-tech listed companies played a crucial role in the entire national economy. Business performance depends on the company's governance structure, and ownership structure is the basis of corporate governance structure, so there is a close relationship between corporate performance and ownership structure.This paper selects 66 high-tech Shanghai and Shenzhen listed companies as sample, collected samples of the company 2008-2010 annual report and related reports published data on the ownership structure and corporate performance of a preliminary descriptive analysis, and then do an empirical study on the relationship between ownership structure and corporate performance using the Eviews software, trying to find the correlation between them and accordingly propose proposals for optimizing ownership structure of high-tech listed companies.The Paper includes five Parts:The first part is about an introduction to illustrate domestic and international economic background of the thesis topic selected, the significance of topics, the contents of the Paper, literature review of the scholars, and the research methods; The second Part is about the theory, which introduction about the ownership structure and corporate performance, and the reflection about ownership structure to corporate performance; The third part introduce the condition of ownership structure of listed companies and operational performance of the high-tech listed companies in China, and points out the problems of current ownership structure of high-tech listed companies and operational performance; The fourth parts is about the empirical research, this part use regression analysis method to process the sample data of companies and eventually come to the conclusions of empirical analysis; The fifth part includes some helpful opinions and suggestions to the optimizing of the ownership structure to improve corporate performance for the high-tech listed companies in China.