Research On The Optimal Ownership Structure Of Chinese Listed Companies

Ownership structure is the basis of corporate governance, which determining companies'operation. Management efficiency measured by corporate performance can reflects the result of companies'operation. We can learn that ownership structure and corporate performance can be connected by the corporate governance. So we can see the importance of the role ownership structure playing. The industry factor gives a point to the research on the existence of optimal capital structure. In my paper, I am trying to study the existence of optimal ownership structure using this industry factor.I use the empirical analysis as the main research method. The classification criteria based on regulations of CSRC. The research samples are all from machinery and equipment manufacturing industry. The empirical analysis is mainly about the relationship between ownership structure and corporate performance of Chinese listed companies. When the relationship between ownership structure and corporate performance keeps stable, we can maximize the corporate performance to prove the existence of optimal ownership structure.