基于行业特征下股权结构对公司绩效的影响研究

发布时间：2018-05-06 08:22

本文选题：保护性行业 + 非保护性行业　；参考：《南昌大学》2017年硕士论文

【摘要】：我国上市公司股权分置改革自2006年改革实施全面完成已有十年,股权结构与企业绩效一直是企业管理者和专家学者们关心的焦点。学术界对两者关系的研究视角各有不同,研究结果也各有差异。然而,总体来说,通过查看文献发现,学者们在研究股权结构与企业绩效之间的关系时考虑行业因素的文献不多,在这个方面没有引起足够的关注。如果在研究两者关系时不考虑行业的竞争因素,而直接把不同行业的企业放在一起进行研究,则很可能会引起相关变量指标的相互影响,从而影响企业股权结构与企业绩效关系的有效性。本文以我国上市企业的现状为切入点,结合国内外研究现状,通过运用理论和实证的研究方式从股权集中度、股权制衡度和股东属性三方面来分别研究我国保护性行业和非保护性行业上市公司股权结构和企业绩效间的关系。在理论方面主要通过选取2006-2015年我国上市企业作为研究对象,来分析我国股权结构和企业绩效的现状。在实证方面主要通过SPSS17.0软件分两部分来对两大行业股权结构与企业绩效的关系进行实证分析。首先利用相关性分析初步推断模型因变量和自变量之间的相关关系,然后对各变量进行了描述性分析,初步分析了模型一中各变量的描述性统计特征,为进一步说明问题,深入对模型一进行回归分析来达到研究的目的。最后,针对研究结论提出相关的建议。
[Abstract]:It has been ten years since the reform of split share structure of listed companies was carried out in China in 2006. The ownership structure and enterprise performance have always been the focus of attention of enterprise managers and experts and scholars. Academic research on the relationship between the two different perspectives, research results are also different. On the whole, however, by looking at the literature, it is found that there are not many papers that consider industry factors when studying the relationship between equity structure and firm performance, which has not attracted enough attention in this respect. If we study the relationship between the two industries without considering the competition factors of the industry, but directly put enterprises in different industries together, it is likely to lead to the mutual influence of the relevant variable indicators. Thus affect the effectiveness of the relationship between the ownership structure and enterprise performance. This paper takes the current situation of listed enterprises in our country as the breakthrough point, combines the domestic and foreign research present situation, through the use of the theory and the empirical research way from the stock ownership concentration degree, The relationship between equity structure and corporate performance of listed companies in protective and unprotected industries is studied from three aspects of equity balance and shareholder attributes. In theory, we choose Chinese listed enterprises from 2006 to 2015 as the research object to analyze the present situation of stock ownership structure and enterprise performance in China. In the empirical aspect, SPSS17.0 software is divided into two parts to analyze the relationship between ownership structure and enterprise performance. The correlation analysis is used to infer the correlation between dependent variables and independent variables, and then the descriptive statistical characteristics of each variable in model one are analyzed. In order to achieve the purpose of the research, the regression analysis of model one is carried out in depth. Finally, the paper puts forward some relevant suggestions on the conclusion of the study.
【学位授予单位】：南昌大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51

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