期刊文献+

上市公司股权结构与组织绩效关系的实证研究——以江苏为例 被引量:6

下载PDF
导出
摘要 文章实证检验江苏省上市公司股权结构和公司绩效的关系。研究发现江苏上市公司在股权结构上呈现出较为独特的特征:国家股比例与公司绩效显著负相关,流通股比例、法人股比例与公司绩效关系不显著,高管持股比例与公司绩效正相关,实际控股股东比例与公司绩效显著负相关,股权集中度与公司绩效显著负相关,而第一大股东持股比例、公司规模、成长性及所在行业对公司绩效无显著关系。
作者 杨向阳
出处 《会计之友》 北大核心 2010年第23期76-79,共4页 Friends of Accounting
基金 淮阴工学院重点科研基金项目(HGA0910)的阶段性成果
  • 相关文献

参考文献16

  • 1Boardman,A.and A.Vining,Ownership and Performance in Competitive Environment:A Comparison of the Performance of Private,Mixed,and State-Owned Enterprise[J].Journal of Law and Economics,1989(1):11-33.
  • 2LaPortar,Lopez.DE-Sila nes F.,Shleifer A.and Vishny R.W.Corporate Ownership Around the World[J].Journal of Finances,1999(54):115-118.
  • 3Frydman,Roman,Gray,Marek Hessel,Rapaczynski.When does Privatization work? The Impact of Private Ownership on Corporate Performance in the Transition Economies[J].The Quarterly Journal of Economics,1999 (114):45-49.
  • 4Sun,Qian,Wilson Tong.China share issue privatization:The extent ofits success[J].Journal of Financial Economics,2003(70):183-222.
  • 5周业安.金融抑制对中国企业融资能力影响的实证研究[J].经济研究,1999,34(2):13-20. 被引量:280
  • 6Jensen and Meckling,W.Theory of the Firm:Managerial Behavior,Agency Costs and Ownership Structure[J].Journal of Financial Economics,1976(3):305-360.
  • 7Kaplan,Steven.The effects of management buyouts on operating performance and value[J].Journal of Financial Economics,1989(24):217-254.
  • 8Smith M.P.Shareholder Activism by Institutional Investort Evidence from CalPERS[J].ournal of Finance,1996(51):45-49.
  • 9McConnell J.Servas H..Additional Evidence on Equity Ownership and Corporate Value[J].Journal of Financial Economics,1990(27):595-612.
  • 10李维安,李汉军.股权结构、高管持股与公司绩效——来自民营上市公司的证据[J].南开管理评论,2006,9(5):4-10. 被引量:231

二级参考文献21

  • 1陈小悦,徐晓东.股权结构、企业绩效与投资者利益保护[J].经济研究,2001,36(11):3-11. 被引量:785
  • 2张华,张俊喜,宋敏.所有权和控制权分离对企业价值的影响——我国民营上市企业的实证研究[J].经济学(季刊),2004,3(B10):1-14. 被引量:90
  • 3周业安.金融抑制对企业融资能力的影响分析:工作论文[M].中国经济改革研究基金会北京国民经济研究所,1998..
  • 4Demsetz H,. The Structure of Ownership and the Theory of the Firm. Journal of Law and Economics, 1983, 26(2): 375-390.
  • 5Demsetz H., Lehn K.. The Structure of Corporate Ownership:Causes and Consequences. Journal of Political Economy, 1985,93(6): 1155-1177.
  • 6Demsetz H., Villalonga B.. Ownership Structure and Corporate Performance. Journal of Corporate Finance, 2001, (7): 209-233.
  • 7Holdemess C., Sheehan D.. The Role of Majority Shareholders in Publicly Held Corporations. Journal of Financial Economics,1988, (20): 317-346.
  • 8Morck R., Shleifer A.. Vishny R. Management Ownership and Market Valuation: An Empirical Analysis. Journal of Financial Economics, 1988, (20): 293-315.
  • 9McConnell J. Servas H.. Additional Evidence on Equity Ownership and Corporate Value, Journal of Financial Economics, 1990, (27):595-612.
  • 10Cho M.. Ownership Structure, Investment, and the Corporate Value: An Empirical Analysis. Journal of Financial Economics,1998, (47): 103-121.

共引文献506

同被引文献96

引证文献6

二级引证文献33

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部