China Listed Companies Structure And Corporate Performance Study

Reasonable ownership structure is the basic of improving corporation governance structure, and good corporation performance needs the guarantee of reasonable ownership structure and perfect corporation governance structure. There are consanguineous relations between ownership structure, corporation performance and corporation governance. Most china listed firms are coming into being in the process of the reform of enterprises. Due to the characteristic of historical background of planned economy and imperfection of market environment in shunt economy period, the ownership structure and the approach or impact of its act on corporation performance mechanism in china listed firms is distinctly dissimilar with other nations. In the light of the actual conditions, the paper validates the relativity between ownership structure and corporation performance through the analysis of theory and demonstration on the relation of them.The thesis is based on the reviews on the research of the relation between ownership structure and corporation performance in domestic and oversea. Then, it embedded analyzes that relation through the analysis of a series market entire data, treats the actuality of ownership structure in china listed firms and analyzes the infection of ownership composition to corporation performance. It put forwards the research hypothesis, which emphasizes the relation between ownership focus degree and the corporation performance, and the relation between the proportion of the state stock, juristic person stork, floating stock and corporation performance. It then establishes the corresponding mufti-linear mathematical analysis model, use statistical software SPSS14.0 to do multivariate regression analysis, investigates the regression coefficient and connection, analyzes the testing result, summarizes the conclusion of demonstration and its meaning and advances policy proposals. It teases and summarizes the paper, and brings forward the expectation.