An Empirical Research On The Effect Of Ownershp Structure On Corporate Performance With Listing Corporations Of Information Technology Industry

Since 1990s, with the rapid development and innovation, formation technology has been widely used. Information industry, with high technical content, has become a measure to maintain a strong driving force for persistent economic growth and driving force of the development of the national economy in many developed countries. In recent years, under the relevant policy, Chinese software industry come into a new development stage. The ownership structure of the Listing Corporation is an important part of corporate governance. It also plays a very important role in the performance of the Listing Corporation. The research of ownership structure and corporate performance in the information technology industry, can optimize the equity structure and make a significant and positive effect on improving the performance, and promote development of the information technology industry as well.The domestic and foreign literatures and related theories are reviewed in the first part of the paper, which determine the direction and content of the research. Then the relevant theories of the ownership structure and corporate performance are sorted as a theoretical basis for empirical analysis. The third part analyzes the current situation, the characteristics of the ownership structure and corporate performance of listing Corporation of Chinese information technology industry. In the empirical part, data from 2010 to 2014 of 71 information technology industry Listing Corporations in A share market is selected as research sample. Then the principal component analysis method is introduced to extract a comprehensive index to indicate the company performance. The ownership structure, equity concentration, equity balance degree is applied as explanatory variable to accomplish the research.The empirical results show that:Equity concentration index and corporate performance are negatively correlated; equity balance degree index Z and corporate performance are positively correlated, the ratio of tradable shares and corporate performance negatively correlated. The ratio of state owned shares and corporate performance are negatively correlated. Corporate share ratio and corporate performance has no significant relationship. Television, radio and television and satellite transmission services, the Internet and related Service Corporation’s equity structure and corporate performance has no significant relationship.