An Empirical Analysis of the Governance Structure of Listed Companies

DOI

10.2991/icmete-19.2019.108How to use a DOI?

Keywords

Empirical analysis; Governance structure; Listed companies

Abstract

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jing Zhao
PY  - 2019/05
DA  - 2019/05
TI  - An Empirical Analysis of the Governance Structure of Listed Companies
BT  - Proceedings of the 2019 International Conference on Management, Education Technology and Economics (ICMETE 2019)
PB  - Atlantis Press
SP  - 451
EP  - 455
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmete-19.2019.108
DO  - 10.2991/icmete-19.2019.108
ID  - Zhao2019/05
ER  -