The Influence Of Ownership Structure On Corporate Performance Of Listed Companies In Heilongjiang Province

At present Chinese economic development showing a rising trend, people pay more and more attention to the economic development problems and optimization. Ownership structure is one of the focus of attention,it is the basis of corporate governance, and was given great expectations to improve business performance. But how to use it, make it play a positive role, there is no clear and unified view. At this stage due to the state law does not clearly defined ownership structure, ownership structure arrangement of the high degree of freedom. Some more reasonable arrangement, will play a positive role, but some arrangements are not reasonable, it will play a negative role, At present, the level of economy of Heilongjiang province is lower than the national economic level, The effects of interaction and the listing Corporation also more and more prominent, so theinfluence of listing Corporation in Heilongjiang province to Heilongjiang province economy is more and more important, Therefore the influence of listing Corporation in Heilongjiang province to Hei long jiang province economy is more and more important, to improve the economy of Heilongjiang Province, it should first improve the operation performance of the listing Corporation in Heilongjiang province, The aim of this paper is to improve the ownership structure optimization in Heilongjiang province listing Corporationoperating performance. This paper analyzes the present situation of Heilongjiang province listing Corporation, Through the empirical have results, According to the empirical results, put forward the optimization of ownership structure so as to improve the business performance of the listing Corporation suggestion.The paper by combing domestic and foreign relevant concepts of ownership structure and business performance and the theoretical foundation of the present situation of the listing corporation in Heilongjiang province from2010to2014of ownership structure and porporate performance analysis,then by the method of empirical analysis multiple regression aquation is established,respectively,through equity property,ownership concertration and equity restiction on business performance regression anlysis,have the result that state owned shares and tradable shares have a determantal effect on the improvement of operation performance,legal person shares has a positive effect to improve business performance,the proportion of the first shareholder,the proportion of top five shareholders and the H5contribute actively to improve business performance,equity restriction rate to improve the business performance have negetive effect.Finally, according to the empirical results, put forward by optimizing equity structure andCountermeasures to improve the operating performance of the listing Corporation in Heilongjiang province.