我国上市公司股权结构与公司绩效关系研究
发布时间：2018-09-10 07:45
【摘要】： 合理的股权结构是完善公司治理结构的基础,而良好的公司绩效需要以合理的股权结构和完善的公司治理结构作为保证,股权结构、公司治理和公司绩效三者之间存在着密切的关系。我国上市公司大多是在国有企业改革过程中产生的,由于计划经济的历史背景和转轨经济时期市场环境不完善等特征,跟其他国家相比,我国上市公司股权结构有着明显的不同,而且股权结构作用于公司绩效机制的途径和影响程度也存在差异。本文正是从实际情况出发,通过对我国上市公司股权结构与公司绩效关系的理论与实证分析,从而验证股权结构与公司绩效之间的相关性。 论文在回顾国内外对股权结构与公司绩效关系相关理论的基础上,对我国上市公司股权结构与公司绩效关系进行了深入的分析,即通过对一系列的市场整体数据分析,探讨了我国上市公司目前的股权结构现状,分析了股权构成对公司绩效的影响。结合我国上市公司股权结构及我国上市公司治理机制的特点,分别提出了股权集中度与公司绩效关系以及国家股、法人股、流通股的比例与公司绩效关系的理论假设。同时,建立了相应的多元线性数学分析模型,利用SPSS14.0统计软件,对之进行线性回归分析,研究它们之间的回归系数和关联度,并对检验结果进行了分析,最后对实证结论及其理论涵义进行了归纳总结,有针对性地提出相关政策建议。
[Abstract]:Reasonable ownership structure is the basis of perfecting corporate governance structure, and good corporate performance needs reasonable equity structure and perfect corporate governance structure as the guarantee, equity structure, There is a close relationship between corporate governance and corporate performance. Most of the listed companies in China are produced in the course of the reform of state-owned enterprises. Due to the historical background of planned economy and the imperfect market environment during the transitional economic period, compared with other countries, The ownership structure of listed companies in China is obviously different, and the ways and the degree of influence of ownership structure on corporate performance mechanism are also different. This paper is based on the actual situation, through the theoretical and empirical analysis of the relationship between equity structure and corporate performance of listed companies in China, so as to verify the correlation between ownership structure and corporate performance. On the basis of reviewing the theory of the relationship between equity structure and corporate performance, the paper makes a deep analysis of the relationship between equity structure and corporate performance of listed companies in China, that is, through a series of market data analysis. This paper probes into the present situation of stock ownership structure of listed companies in China, and analyzes the influence of equity structure on company performance. Based on the characteristics of the ownership structure of listed companies and the governance mechanism of listed companies in China, this paper puts forward the theoretical assumptions of the relationship between ownership concentration and corporate performance, as well as the relationship between the proportion of state shares, legal shares, circulating shares and corporate performance. At the same time, the corresponding multivariate linear mathematical analysis model is established, and the linear regression analysis is carried out by using SPSS14.0 statistical software, and the regression coefficient and correlation degree between them are studied, and the test results are analyzed. Finally, the empirical conclusions and their theoretical implications are summarized, and relevant policy recommendations are put forward.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2008
【分类号】：F272;F276.6;F224
本文编号：2233821
[Abstract]:Reasonable ownership structure is the basis of perfecting corporate governance structure, and good corporate performance needs reasonable equity structure and perfect corporate governance structure as the guarantee, equity structure, There is a close relationship between corporate governance and corporate performance. Most of the listed companies in China are produced in the course of the reform of state-owned enterprises. Due to the historical background of planned economy and the imperfect market environment during the transitional economic period, compared with other countries, The ownership structure of listed companies in China is obviously different, and the ways and the degree of influence of ownership structure on corporate performance mechanism are also different. This paper is based on the actual situation, through the theoretical and empirical analysis of the relationship between equity structure and corporate performance of listed companies in China, so as to verify the correlation between ownership structure and corporate performance. On the basis of reviewing the theory of the relationship between equity structure and corporate performance, the paper makes a deep analysis of the relationship between equity structure and corporate performance of listed companies in China, that is, through a series of market data analysis. This paper probes into the present situation of stock ownership structure of listed companies in China, and analyzes the influence of equity structure on company performance. Based on the characteristics of the ownership structure of listed companies and the governance mechanism of listed companies in China, this paper puts forward the theoretical assumptions of the relationship between ownership concentration and corporate performance, as well as the relationship between the proportion of state shares, legal shares, circulating shares and corporate performance. At the same time, the corresponding multivariate linear mathematical analysis model is established, and the linear regression analysis is carried out by using SPSS14.0 statistical software, and the regression coefficient and correlation degree between them are studied, and the test results are analyzed. Finally, the empirical conclusions and their theoretical implications are summarized, and relevant policy recommendations are put forward.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2008
【分类号】：F272;F276.6;F224
【引证文献】
相关博士学位论文 前1条
1 蓝定香;大型国有企业产权多元化研究[D];西南财经大学;2009年
相关硕士学位论文 前5条
1 李红梅;科技型中小企业股权结构与公司绩效关系实证研究[D];苏州大学;2011年
2 莫咏梅;股权结构与公司价值关系的研究[D];南京林业大学;2009年
3 黎立立;上市公司股权结构对会计信息质量影响的实证分析[D];江西财经大学;2009年
4 周好甲;我国医药行业上市公司股权结构对公司绩效的影响研究[D];西北大学;2010年
5 朱丽娜;上市军工企业财务风险预警研究[D];西安工业大学;2010年
，本文编号：2233821
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