Does Ownership Affect Performance: Evidence from China

摘要：

This paper investigates the relationship between firm performance and corporate governance in China.Firm performance is measured by two accounting measures (ROA and ROE) and a market measure (Stock Return),while corporate governance is determined based on ownership structure and concentration.The paper reports the results of an empirical study of a sample of firms listed on the Shanghai and Shenzhen stock exchanges in 2004.The results indicate that not only ownership concentration has explanatory power but ownership structure does matter also.The implications of the findings are then deliberate in the context of the current enterprise reform process in China.

关键词： ownership structure ownership concentration firm performance China

作者: BAI Jun

作者单位: Shihezi University,China,832000 Zhongnian University of Economics and Law,China.

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 498-503

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）