股权结构对经营绩效的影响及其优化

The Effect of Equity Structure on the Management Performance and Its Optimization

股权结构决定了公司的治理结构,可以从股权集中度和股权属性两个方面对股权结构进行划分,高度集中与高度分散均不是理想的股权结构。从股权属性的角度并结合已有的研究可以发现,国家股与经营绩效负相关,法人股与经营绩效正相关,社会公众股与经营绩效负相关。研究股权结构的最终目的是通过对股权结构的优化来提高公司经营绩效,促进公司健康长远发展。

Ownership structure determines the corporate governance structure, can be viewed from two aspects of ownership concentration and equity attributes of ownership structure, highly centralized and highly fragmented ownership structure is not ideal. Combined with the existing research from the perspective of equity attributes can be found, for the country is negatively related to the business performance, legal person and operating performance are related, social public offerings is negatively related to the business performance. Ultimate aim is to research the structure of equity through the optimization of ownership structure to improve the company＇s business performance, promote the company healthy and long-term development.