Relevance between Equity Structure and Financial Performance-Empirical Study Based on Bi-Logit Selective Model
Yang Li, Jiayi Tan, Jingling Huang
Available Online December 2017.
- https://doi.org/10.2991/icemse-17.2017.34How to use a DOI?
- Equity Ownership Structure, Equity Concentration, Financial Performance, Factor Analysis, Bi-Logit Selective Model
- Aiming to provide empirical evidence to optimize governance structure and enhance performance level in China Capital Market, drawing Chinese listed companies during 2012-2016 as samples, dividing into equity ownership structure and equity concentration, the paper tested empirically the relevance between equity structure and financial performance based on methods such as factor analysis and Bi-Logit selective model. The results show that state-owned shares proportion and the top ten major shareholder shareholding proportion have significantly negative correlation with financial performance, and legal person share proportion and the first majority shareholder shareholding proportion have significantly positive correlation with financial performance, and circulation A shares proportion and managers shareholding proportion have no significant correlation with financial performance.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yang Li AU - Jiayi Tan AU - Jingling Huang PY - 2017/12 DA - 2017/12 TI - Relevance between Equity Structure and Financial Performance-Empirical Study Based on Bi-Logit Selective Model BT - Proceedings of the 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017) PB - Atlantis Press SP - 141 EP - 144 SN - 2352-5428 UR - https://doi.org/10.2991/icemse-17.2017.34 DO - https://doi.org/10.2991/icemse-17.2017.34 ID - Li2017/12 ER -