房地产业上市公司股权结构对业绩影响研究

发布时间：2019-06-15 08:33

【摘要】：股权结构对公司业绩表现的影响问题一直以来都是理论界关注的重点问题，Berle和Means于1832年开启了对此问题研究的先河。自此以后，众多学者对此问题进行了不同角度和不同层面的研究，由于所处的时代背景不同，，研究的切入点不同，这些学者得出了不尽相同的结论。国内对此的相关研究起步较晚，始于20世纪90年代，对此问题的研究也多为实证研究，国内的研究多立足于我国企业的特殊情况，旨在找到适合我国企业的股权结构从而提升我国企业的业绩。然而，虽然国内外对股权结构对公司业绩的影响问题研究较多，也取得了较为丰硕的成果，但是由于每个行业的性质有所不同，不存在一个最优的股权结构适合所有行业。因此，本文将对此问题研究的立足于我国的房地产行业，以使研究具有充分的针对性和现实意义。房地产业作为我国国民经济的基础行业，对国民经济的健康发展作出了重大贡献。此外，在我国全面建设小康社会的进程中，房地产行业的健康发展更关系到全体人民的住房问题的解决。因此，房地产业的健康发展在我国还有着重大的社会和政治意义。本文的研究分为五个部分。具体地讲，第一章是绪论部分，介绍了文章的选题背景、国内外对此问题的研究现状；第二章是房地产业上市公司股权结构与业绩的现状和存在的问题；第三章是股权结构对业绩的影响分析，这一章介绍了相关概念和分类并分别阐述了股权集中对业绩的影响和股权属性对业绩的影响；第四章是实证研究，通过实证研究具体分析房地产业上市公司股权结构对业绩的影响；第五章是研究结论和政策建议。
[Abstract]:The influence of ownership structure on corporate performance has always been the focus of theoretical attention. Berle and Means opened the first research on this issue in 1832. Since then, many scholars have studied this problem from different angles and levels. Because of the different background of the times and the different entry points of the study, these scholars have come to different conclusions. The related research in China started relatively late, which began in the 1990s. Most of the research on this issue is empirical. Most of the domestic research is based on the special situation of Chinese enterprises, in order to find the ownership structure suitable for Chinese enterprises and improve the performance of Chinese enterprises. However, although there are many studies on the impact of ownership structure on corporate performance at home and abroad, but because of the different nature of each industry, there is no optimal ownership structure suitable for all industries. Therefore, this paper will be based on the real estate industry in China, so that the research has full pertinence and practical significance. As the basic industry of our national economy, the real estate industry has made great contributions to the healthy development of the national economy. In addition, in the process of building a well-off society in an all-round way, the healthy development of the real estate industry is more related to the solution of the housing problem of all people. Therefore, the healthy development of real estate industry in our country also has great social and political significance. The research of this paper is divided into five parts. Specifically, the first chapter is the introduction, which introduces the background of the topic, the research status of this issue at home and abroad; the second chapter is the status quo and existing problems of the ownership structure and performance of listed companies in the real estate industry; the third chapter is the analysis of the impact of ownership structure on performance, this chapter introduces the relevant concepts and classification, and expounds the impact of ownership concentration on performance and the impact of equity attributes on performance. The fourth chapter is the empirical research, through the empirical research to analyze the impact of the ownership structure of listed companies in the real estate industry on performance; the fifth chapter is the research conclusions and policy recommendations.
【学位授予单位】：沈阳理工大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F293.3;F832.51;F224

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