上市券商股权结构对公司绩效影响的实证研究

Empirical Study on Securities' Ownership Structure and Corporate Performance

股权结构作为公司治理的基础,通过股权集中度和股权属性两个方面,影响着上市公司的经营治理,进而影响公司绩效水平。以我国上市证券公司作为研究对象,分析其股权结构对公司绩效的影响,得出我国上市证券公司的股权集中度越高,对公司绩效的提高越有推动作用的初步结论,并从完善股权结构和外部环境两方面提出相应的对策建议。

As a baseline of corporation governance, ownership structure affects business performance of the listed company through two aspects of both shareholding concentration and the nature of shareholders. As the result,ownership structure has influenced on the listed companies＇ performance. Chinese listed securi-ties are chosen for the research subject which study the influence of ownership structure to company gov-ernance. A preliminary conclusion is drawn that the higher shareholding concentration of our country listed securities, the better improvement of corporation performance. At last, it gave some suggestions from the aspect of ownership structure＇ improvement and external environment＇s perfection.