公司股权结构与经营绩效关系研究综述

The Relationship between the Ownership Structure and the Firm Operating Performance

股权结构是公司股权资本内部各种权益性资本的构成及其比例关系,包括各种性质的股东之间的持股比例、内外部股权比例和股权集中度。大量的实证研究表明,股权结构与公司经营业绩之间具有密切的联系,但并未取得一致的研究结论。本文对国内外的相关研究文献进行了系统的梳理和评析,并指出了进一步研究的方向。

The ownership structure is the composition and the rations of a variety of equity capitals, including the ration of shares held by different people, the internal equity ration and the concentration degree of ownership. A large number of positive researches have shown that there is a close tie between the ownership structure and the corporate operating performance, but no consistent conclusion. This paper reviews the related literature and tries to point out the research direction for further study.