An Empirical Analysis of the Governance Structure of Listed Companies
Available Online May 2019.
- https://doi.org/10.2991/icmete-19.2019.108How to use a DOI?
- Empirical analysis; Governance structure; Listed companies
- 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.
- 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 BT - 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019) PB - Atlantis Press 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 -