Ownership Concentration,equity Restriction And Corporate Performance

The healthy development of enterprises must have a stable corporate environment,so the corporate governance structure is also particularly important.And ownership structure is a key component of corporate governance structure,ownership structure can be divided into two areas to measure,namely,equity concentration and equity checks and balances.Whether the ownership concentration and degree of ownership balance are reasonable and appropriate will directly affect the quality of corporate governance,and ultimately affect the business performance of the enterprise.How to construct the optimal stock right structure to improve the performance of the company becomes the key problem that the company is faced with in the process of transformation and upgrading of China's private enterprises.In the first place,this paper combs the domestic and foreign research literature and finds that the research data on the relationship between equity and corporate performance is quite rich abroad.Later,the domestic research on the relationship between the two is gradually followed,but the relationship between the two is still very big Of the differences.In this paper,from the ownership structure to the corporate governance and corporate performance mechanism of the theoretical analysis of the use of case studies,the TBEA work as a case study of this case,through case studies to explore equity concentration,equity checks and balances on the company The results of the study confirm the proposition of this paper.The case study method can draw the rigorous research conclusion,make this conclusion more persuasive.At the same time,the innovation of this paper is based on the data of the private listed companies in Shanghai and Shenzhen in 2010-2015.Based on the statistical relationship between the ownership concentration and the performance of the company,the ownership concentration degree,How Does Equity Restriction Influence Company Performance.The conclusion of this paper is as follows: In the ownership structure of private listed companies,the degree of ownership concentration and equity balance are the key factors affecting the performance of private companies.Appropriate degree of ownership concentration can effectively improve the performance of the company,the high or low equity is not conducive to corporate governance efficiency,and thus adversely affect the performance of the company.Appropriate equity checks and balances of private enterprises can effectively improve corporate performance,that is,moderate degree of equity checks and balances,mutual supervision within the company effective,the company's business will be healthy and stable.Therefore,a reasonable ownership structure allows shareholders to balance the interests of the shareholders can be mutual supervision between the company present a healthy and stable development trend.Finally,this paper puts forward some countermeasures and suggestions.In China's economic market,the appropriate concentration of ownership and the degree of ownership checks and balances have a positive effect on the performance of the company.China's private enterprises need to transform and upgrade in the tide of the times,need to maintain a reasonable concentration of ownership and Equity balance,reduce the proportion of stakeholder gap between major shareholders,adjust the corporate governance structure and make it perfect,maximize the concentration of equity,equity checks and balances on the company's role in promoting performance.