摘要
以上市A股企业为例,探讨了企业治理结构对企业业绩的影响。选择2005—2009年共6 856个样本,通过回归分析发现,流通股比例对企业业绩有显著的负面影响,第一大股东持股比例对企业业绩有显著的正面影响,机构持股比例对企业业绩有显著的正面影响。
Taking listing A -share companies as an example, this paper analyzes impact of corporate governance on corporate performance. Using 6856 samples from 2005 to 2009, by regression method, we find that liquid share proportion has negative impact on corporate performance, block share proportion has positive impact on corporate performance, and institutional share proportion has positive impact on corporate performance.
出处
《哈尔滨商业大学学报（社会科学版）》
CSSCI
2013年第2期86-91,共6页
Journal of Harbin University of Commerce:Social Science Edition
关键词
治理结构
企业业绩
总资产报酬率
投入资本回报率
corporate governance
corporate performance
return on total assets
return on invested capital
