The Influence Of Equity Structure On The Growth Of Strategic Emerging Industry's Listed Companies

Since China released the "Decision of the State Council on Accelerating the Fostering and Development of Strategic Emerging Industries" in 2010,the plan for the development of strategic emerging industries was proposed in 2012 and 2016,respectively,with a view to intensifying the efforts to optimize the industrial structure,enhance the innovation level of industrial structure and improve the overall competitiveness of industrial structure.However,how to seek greater development in the complex and fierce market competition environment is still the major problem facing listed companies in strategic emerging industries.This article from the perspective of corporate governance,select the corporate governance structure of the ownership structure to study the growth of listed companies in strategic emerging industries will produce what kind of role.Firstly,this article reviews the various aspects of the ownership structure at home and abroad,the impact of ownership structure on the company's growth and the growth of the company itself,and then analyzes the relationship between ownership structure and company growth.Secondly,we choose 232 strategies based on the five-year data of2012-2016,this study uses Excel and SPSS19.0 to analyze the ownership structure of listed companies in strategic emerging industries,and studies the growth of the company after that,it carries out empirical research,makes assumptions and analyzes the influencing factors of ownership structure in the growth of listed companies in strategic emerging industries,and makes a regression model.Finally,the sample data is analyzed by factor analysis,correlation analysis and regression analysis,make reliable conclusions and put forward specific measures as a reference.The final data show that,strategic emerging industries listed companies equity concentration and company growth was positively U-type relationship;executives holding,outstanding shares of the company had a significant positive impact on company growth,indicating the appropriate increase in senior management and shareholding of tradable shares will help the company to develop better.The separation of ownership and rights has a significant negative impact on the growth of the company,indicating that the more serious the separation of the two rights of the enterprise hinders the development of the enterprise;the growth of the company and the balance of ownership obvious association,which shows that the equity balance will not have a huge impact on the company's growth.