Empirical Research on the Relationship Between Equity Characters and Performance
This study investigates the influence of equity characters characteristic on firm performance using panel data for 373 listed companies for the period from 2001 to 2009. We find that there is non-linear correlation between ownership characters and firm performance,(ii) the high state ownership has significant positive influence on performance but we have not found evidence that the small and medium state ownership have any influence on performance, (iii) the legal person ownership has negative influence on performance but the individual ownership is positive relation with performance.
Corporate governance Equity characteristics Firm performance Panel data
ZHONG Tingyong AN Ye LI Jiangna
Guang Hua College of Changchun University, Changchun, China, 130117 Northeast Normal University, Changchun, China, 130117
国际会议
The Sixth International Symposium on Corporate Governance(第六届公司治理国际研讨会)
大连
英文
342-348
2011-08-20（万方平台首次上网日期，不代表论文的发表时间）