The Research Of The Relationship For Ownership Structure And Corporate Performance Of Listed Companies In Fujian Province

The impact of ownership structure on corporate performance is an important part of enterprise management.In China,the majority o of the research literatures in this area is aimed at a certain industry of listed companies in Shanghai and Shenzhen.There is not much research on regional research,and the research of Fujian province is more lacking.Therefore,this paper hopes to supplement the research in this field,to explore the relationship between ownership structure and performance of listed companies in Fujian.So as to provide a certain meaning to plan financing decisions in the future,optimize the ownership structure and improve the performance for the listed companies in FujianThis paper first elaborates the research results in China and abroad,and combs the related theories.Secondly,it briefly introduces the ownership structure of the listed companies in Fujian Province and the status quo of the performance of the company.Thirdly,the companies listed in Fujian Province during the 2010-2016 period will be selected to eliminate the listed companies of B shares,all ST and PT companies,financial companies,get 54 representative companies as a sample.Finally,the empirical model is constructed,and the data is analyzed by multiple linear regression method,as a result,conclusions and policy suggestions are obtained.The results show that:1.The concentration of listed companies in Fujian Province is positively correlated with the performance of the Companies;(2)The relationship between the equity balance of listed companies in Fujian and the performance of listed companies is weak.The proportion of institutional shares and the performance of the companies have a significant positive correlation;4.Fujian listed companies the proportion of state-owned shares,the proportion of public shares and corporate performance showed a weak negative correlation.Finally,on the basis of the above empirical analysis,the following suggestions are put forward:the proportion of state-owned capital holdings could be reduced under the premise of maintaining moderate concentration.Institutional investors such as fund companies and securities companies are encouraged to raise their proportion of equity on listed companies in Fujian ProvinceAnd try to introduce a wide range of investment channels,such as foreign investors,thus forming a diversified equity situation.Additionally,the government continues to improve the supervision of the securities market,and give full play to the regulatory role of the securities market laws and regulations in the governance of listed companies in Fujian Province.