Research On The Influencing Factors Of The Performance Of Real Estate Listed Companies

China's real estate industry is an industry rising with the development of economy and the reform of housing system.It plays an important role in the national economy.As a leader and representative of the industry,the real estate listed companies are widely concerned by all parties.It is particularly important to explore what factors affect the performance of real estate listed companies.Therefore,the paper chooses the evaluation indicators scientifically and reasonably,analyzes the operation performance of Chinese real estate listed companies from the perspective of empirical analysis,and analyze the factors that affect the performance of real estate listed companies based on the empirical analysis.This paper selected the Shanghai and Shenzhen stock market real estate listed companies as research samples,reviews the previous influence business performance evaluation and performance factors of the research literature,select 9 evaluation indexes from four aspects of profitability,operation ability,development ability,solvency,factor analysis method is used to the empirical research on the data of real estate companies that,the comprehensive assessment of the company's index score.Then,the comprehensive index based on the factor analysis method is used as the explanatory variable.Taking equity structure,board characteristics,capital structure,company size,asset structure and executive compensation as explanatory variables,multiple regression analysis is conducted on the influencing factors of real estate listed companies' performance.It is found that ownership structure is positively correlated with the company's performance,and Z index has no effect on the performance of listed real estate companies.As for the characteristics of the board of directors,the proportion of independent directors is negatively related to the performance of the listed real estate companies.Executive compensation is positively related to business performance.In terms of capital structure,the ratio of assets and liabilities has a significant negative correlation with the performance of the listed real estate companies.On the scale of the company,the logarithm of the total assets of the final term is positively related to the performance of the listed real estate companies.In terms of asset structure,the impact of the current asset ratio on the performance of the company is negative,but its impact is not significant.Through empirical analysis,this paper on how to improve the listed real estate companies' performance put forward the following suggestions: the operating performance of the optimization of ownership structure,the formation of relatively controlling;perfecting the system of independent directors;improve the incentive system;optimizing the capital structure of listed companies;expand the enterprise scale.