|Table of Contents|

Empirical study of relationship between ownership concentration degree and firm performance —based on empirical evidence of listed companies of Western China(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2012年01期
Page:
41-46
Research Field:
经济与管理
Publishing date:

Info

Title:
Empirical study of relationship between ownership concentration degree and firm performance —based on empirical evidence of listed companies of Western China
Author(s):
ZHANG Peng
School of Graduate, Chinese Academy of Social Sciences, Beijing 102488, China
Keywords:
ownership concentration degree;  performance;  Western China;  listed company
PACS:
F276.6
DOI:
-
Abstract:
In order to explore the relationship between the ownership concentration degree and the firm performance, this paper based on literature review and theoretical explanation, constructs a hy-pothetical model and verifies the relationship, with the data of listed companies in Western China. The analysis shows that firm performance is significant“∩-style”related to the shareholding percentage of the largest five stock-holders CR5, and the optimal ownership concentration degree exists in the Western China listed companies. The author suggests that the key to improve the firm performance is to make the shareholding percentage of the largest five stock-holders closer to the optimal value as much as possible.

References:

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Memo

Memo:
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Last Update: 2012-03-20