Influence Of Ownership Structure Of Listed Companies In Electronic Information Industry On Enterprise Performance Impact Path Analysis

With the arrival of the information generation,the rapid rise of electronic information industry,and for many core areas to provide strong technical foundation,gradually becoming a pillar industry for the country’s key growth.The industry has not only transformed people’s life-style routine,but also promoted the advancement of China’s military core technology,medical treatment,aerospace and other fields.It has not only promoted the country’s development,but also further consolidated China’s position in the international arena.But there is also the most booming industry competition,the enterprise will face more pressure and challenges from the counterparts,and 18 years of a trade war with China or 20 years of the new champions,also has brought a heavy blow to the industry,therefore,the electronic information industry listed companies how to better cope with the market volatility,To further improve the strength of enterprises is an important subject that can not be ignored.In this context,this article investigates the influence path of equity structure of public companies in electronic information industry on enterprise behavior from both theoretical and empirical aspects,and this paper will focus on the ownership structure from the perspective of ownership concentration,that is,to study the direction and degree of the impact of ownership concentration on corporate performance.First of all,this paper defines the four indicators of ownership structure,corporate performance,financial risk and R&D innovation,describes the important theories covered in this paper,clarizes the previous research conclusions on the relationship between these four indicators,and obtains the theoretical analysis results of the impact path.Then,the factor analysis method is used to construct the indicators of enterprise performance,and then the structural equation model is constructed to verify the correctness of the experimental hypothesis influence path through the test results of the model.Under the condition of ensuring that the model fitting index reaches the standard and significance passes,the analysis of each path is carried out to verify the research hypothesis.The final results show that: first,the more concentrated the ownership structure of listed companies in electronic information industry is,the more significant it is to promote corporate performance.Second,the financial risk of public companies in the electronic information industry will play an intermediary role in the path of the influence of equity structure on enterprise behavior,that is,the concentration of enterprise equity will indirectly improve the level of enterprise behavior by strengthening the effective control of corporate financial risk.Third,the r&d innovation of listed companies in the electronic information industry will play an intermediary role in the influence path of financial risks on corporate performance.That is,if enterprises effectively control financial risks,they can have enough capital and human resources to strengthen the investment in R&D innovation,effectively improve the competitiveness of enterprises,and thus improve corporate performance.Finally,the complete influence path of corporate ownership structure on R&D innovation is obtained.Based on this,reasonable suggestions for enterprises and governments are put forward,and the future research is prospected.