股权结构与企业集团多元化战略关系研究被引量：8

An Empirical Study on the Ownership Structure and Diversification of the Enterprise Group

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摘要基于委托代理理论,选取中国181家上市集团公司2006—2008年的数据为研究样本,对企业集团的股权结构与多元化程度的关系进行实证研究,研究结果表明:股权集中度与多元化程度存在显著负相关关系;国有股比例和集团公司多元化程度之间呈正相关关系;管理层持股比例和多元化程度间不存在显著相关关系。 Based on Agency Theory,this paper selects the data of Chinese 181 listed group companies during the period of 2006-2008 to explore the relationship between ownership structure and diversification of the enterprise group. After regression analysis,this paper draws the following conclusions： The ratio of state ownership has a positive impact on diversification;The ratio of management ownership has no significant impact on diversification; There is a negative relationship between ownership concentration and diversification.

作者陈志军薛光红

机构地区山东大学管理学院

出处《财贸研究》 CSSCI 2010年第5期126-131,共6页 Finance and Trade Research

基金国家社科基金"合作网络范式下的企业集团管理控制研究"(08BJY096) 山东大学自主创新重点项目"母子公司协同与集团绩效研究"(IFW09002) 山东省社科基金重点项目"母子公司营销协同研究"(08JDB013)

关键词股权结构企业集团多元化战略 ownership structure enterprise group diversification strategy

分类号 F271 [经济管理—企业管理]

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参考文献9

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