Firm Growth,Shareholding Structure And Profitability

With the implementation of the joint-stock reform,our country gradually establish a modern enterprise system in the implementation of equity incentive,the shareholders of the new incentives are gradually being more used by listed companies.If the ownership structure of listed companies can get a reasonable optimization,so the ownership structure will have some positive effect on the profitability of listed companies also have a positive impact on the operation and development of listed companies.The research object of this paper is GREE.This paper mainly studies the influence of the change of ownership structure on the profitability of the company in the process of growth.In this paper,the company's growth,ownership structure and profitability of the related research status,the concepts and theories.Then the paper introduces the general situation of the development of the stock ownership structure and the improvement measures in the process of the growth of GREE.Finally,combining with the development and change of ownership structure of enterprises in the development of the theory related to the data such as the corresponding index of ownership concentration,equity balance degree,equity liquidity and profitability:operating income rate,rate of return on assets,roe,EPS,Tobin Q value and to make empirical analysis verification,to evaluate the correlation factors between them.This study found that,since the implementation of the joint-stock reform,GREE Electric is one of the few successful and profitable companies to maintain sustained and stable,not only that,GREE electric household appliance industry as the industry benchmark,a case study of the ownership structure of it,which can be as he is or will be the implementation of the joint-stock reform of the listed company to provide the demonstration valuable experience.