An Empirical Study on the Relationship between Ownership Structure and Firm Performance in Chinese Listed Companies

摘要

This paper investigates the relationship between ownership structure and corporate performance in Chinese listed companies. The empirical results show that: There is no specific relationship between Chinese listed companies' ownership structure and performance. Corporate share and circulate A-share has no significant effect on firm performance. The result illuminate that the inefficiency of our securities business is not to blame for ownership structure. The sticking point is that state ownership can not circulate. Implementing the market mechanism as soon as possible will be the best way to resolve this problem.