Intensity Of Entrepreneurship’s Regulation To Ownership Concentration And Corporate Performance

The corporate entrepreneurship has become a hot topic in the world, many scholars have studied it deeply. Meanwhile, the theory of corporate entrepreneurship has also been enriched and improved. The impact of corporate entrepreneurship on the company’s performance also attracted the attention of entrepreneurs increasingly. Especially for the listed private entrepreneurs, they are considering how to get rid of the existing difficulties and improve corporate performance through the existing enterprise. However, the corporate entrepreneurship is affected by the external environment, institutional environment and organizational structure as well as other factors, and it also with great uncertainty and it is unpredictable. What’s more its impact on the performance of the company has no unified argument in the literature filed, so the company is also facing a lot of difficulties in term of improving the company’s performance that just by entrepreneurship.Private enterprise, which is not affected by the state-owned stocks, it has a greater autonomy in corporate governance, and it has its own characteristics on ownership structure and corporate governance, which determines the relationship between ownership structure and corporate performance. Private enterprise based on the theory of ownership structure and corporate performance, wants to improve the performance of the company through the corporate entrepreneurship. In practice whether the result of the corporate entrepreneurship plays a same significant role as the theory advocated? What is the relationship between intensity of entrepreneurship, equity concentration and corporate performance? How to avoid the uncertainty between the ownership structure and the performance of the company to better carry out the company’s business? Which manner of entrepreneurship or on which degree of entrepreneurship should private enterprise take to improve the company’s performance? Only these problems are solved, can the listed private enterprises improve the company’s performance by changing the company’s entrepreneurial behavior or changing the corporate governance structure?This paper based on the theory of corporate entrepreneurship and ownership concentration, and the relationship between ownership concentration and corporate performance, introduced the entrepreneurial strength, and regard it as the moderator, to explore how the listed private enterprises to allocate the company’s equity as well as how to take the proper corporate entrepreneurship to improve corporate performance.This article adopts the empirical research methods of large sample, using ownership concentration as the independent variable, corporate performance is considered as the dependent variable, corporate entrepreneurship as the regulated variable, trying to explore the relationship between them. This article consists of the following four parts:The first part is the introduction, which introduces the background, significance, research methods and ideas, and explains the innovation of this paper. The second part is the theory, literature review and research hypothesis that related to ownership concentration and corporate entrepreneurship. The third is the research methods and data analysis, the author adopted the correlation analysis, regression analysis, validity and reliability to test the proposed hypothesis. The fourth part is the conclusion and management advice to enterprises、the shortcomings of this paper, the future research directions.Overviewed the past research on the relationship between ownership concentration and corporate performance, as well as the statistical analysis results of this paper, the conclusions are as follows:First, the ownership concentration has positive influence on corporate performance in the listed private enterprises. Secondly, the intensity of corporate entrepreneurship, which is as a moderate variable, has a curbing influence to the relationship between ownership concentration and corporate performance. The innovation point of this paper is the adjustment of intensity of Entrepreneurship and the impact of the concentration of ownership on the company’s performance is vary with the intensity of the company. But the research content of this paper is not detailed and the depth is not enough.