Proceedings of the 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)

An Empirical Analysis of the Governance Structure of Listed Companies

Authors
Jing Zhao
Corresponding Author
Jing Zhao
Available Online May 2019.
DOI
https://doi.org/10.2991/icmete-19.2019.108How to use a DOI?
Keywords
Empirical analysis; Governance structure; Listed companies
Abstract
This paper empirically analyzes the equity structure and corporate governance efficiency of listed companies in China from the aspects of “quality” and “quantity” of ownership structure. The results show that the proportion of state shares is significantly negatively correlated with company performance. The proportion of legal person shares is significantly positively correlated with company performance. There is no significant correlation between the proportion of shares outstanding and company performance. This shows that the efficiency of state shareholder governance is low, and corporate shareholders play a role in corporate governance. Positive role, scattered shareholders in the securities market under the strong speculative atmosphere, it is difficult to make a difference in corporate governance; equity concentration and corporate performance showed a significant inverted U-curve relationship, indicating that a moderately concentrated shareholding structure is more conducive to The exertion of corporate governance mechanisms will maximize the efficiency of corporate governance.
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Proceedings
Part of series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-725-6
ISSN
2352-5428
DOI
https://doi.org/10.2991/icmete-19.2019.108How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jing Zhao
PY  - 2019/05
DA  - 2019/05
TI  - An Empirical Analysis of the Governance Structure of Listed Companies
PB  - Atlantis Press
SP  - 451
EP  - 455
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmete-19.2019.108
DO  - https://doi.org/10.2991/icmete-19.2019.108
ID  - Zhao2019/05
ER  -