Ownership Structure,Diversification Strategy and Financial Performance
This paper has collected the theories about the relationship among ownership structure,diversification strategy and financial performance at home and abroad,and constructed the relevant theoretical model,carrying out empirical research by using the data of Listed Companies in electronic manufacturing industry,and making in-depth analysis of the empirical results.The conclusions are listed as follows:First,ownership concentration and financial performance are in a significant and positive correlation,and the proportion of senior management is in positive correlation with financial performance; Second,ownership concentration and diversification implementation show a significant negative correlation,and the proportion of senior management and diversification implementation has a significant negative correlation; Third,diversification implementation and financial performance are in negative correlation,and that is to say,there is a discount in the implementation of diversification strategy in electronic manufacturing industry,Fourth,the mediating effect of diversification implementation exists between ownership concentration-financial performance,senior management share proportion of financial performance,in other words,ownership concentration and senior management share proportion not only have a direct effect on the companys finance,but also has indirect effects from diversified implementation.
ownership structure diversification strategy financial performance mediating effect
Zhang Zhibo
Wuhan University of Technology,China Agricultural Development Bank Langfang Anci District Sub-branch
国际会议
河北廊坊
英文
1-27
2019-12-28（万方平台首次上网日期，不代表论文的发表时间）