Study On Agricultural Listing Corporations’ Management Of Departure From The Agriculture

At present, the diversification of the listing corporations as a common way of operation has exposed many potential problems. Agricultural listing Corporation, as an important carrier of agricultural industrialization, is an organic combination of capital market and agricultural modernization. Many positive policies adopted by the countries of agricultural listed companies.however, many agricultural listed companies went on the road back farming operation, a lot of theoretical and empirical show back farming operation will lead to a fall in the value of the company. Therefore, in-depth study of the motive and root of the back agricultural management, whether for the actual operation of agricultural listing corporation, or for the agricultural listing corporation theoretical research degree has important significance.In this paper, the ownership structure as the starting point, through the discussion of the ownership structure, non-agricultural management and corporate value relationship between the three research hypothesis. And on this basis, the use of China’s agricultural listing Corporation from 2009-2014 data, to explore the relationship between ownership structure and company. The results of this study show that positive correlation between controlling shareholders and non-agricultural, non-agricultural degree are negatively related to firm value. The higher the proportion of state-owned shares, the greater the value of the company, the higher the proportion of corporate shares, the greater the value of the company, the higher the proportion of tradable shares, the smaller the value of the company. The higher the degree of ownership concentration, the greater the value of the company. The agricultural companies in the existence of "insider control" not only explains the motivation of agricultural agricultural listing Corporation back, also explain why back agricultural discount.In this study, the empirical studies at home and abroad existingresearch results, using SPSS statistical method, and the influencing factors for the regression analysis. The ownership structure theory not only explains why agricultural listing Corporation back agriculture motivation and non agricultural discount, also shows the governance structure characteristics of China’s agricultural listing Corporation.