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股权结构与经营绩效关系的实证分析

An Empirical Analysis of the Relationship between Equity Structure and Operating Performance

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【作者】 郭春丽张亚彬杜玉环

【Author】 GUO Chun-li,ZHANG Ya-bin,DU Yu-huan(Department of Investment, Chinese Academy of Social Sciences, Beijing100102, P. R. China)

【机构】 中国社科院研究生院投资系中国社科院研究生院投资系 北京100102北京100102北京100102

【摘要】 通过实证分析股权的所有制结构、流通性结构、集中程度与经营绩效的关系 ,得出如下结论 :和高度分散、高度集中两种股权结构相比 ,适度集中且第一大股东为法人的股权结构有利于提高公司的经营绩效 ,因而应成为优化我国上市公司股权结构的目标模式。

【Abstract】 From an empirical analysis of the relationship between operating performance and the ownership structure, liquidity structure and centralization of equity, this paper concludes that, compared with highly centralized or decentralized equity structure, moderately centralized equity structure with the biggest shareholder as the legal person can contribute to promoting operating performance and should, therefore, become the target model for optimizing the equity structure of the Chinese listed companies.

  • 【文献出处】 贵州财经学院学报 ,Journal of Guizhou College of Finance and Economics , 编辑部邮箱 ,2002年04期
  • 【分类号】F832.5
  • 【被引频次】32
  • 【下载频次】244
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