民营上市公司股权结构对公司绩效影响的实证研究

Ownership Structure and Company Performance:Empirical Evidence from Private Listed Companies in Jiangsu Province

上市公司股权结构对公司绩效的影响一直是学术界研究的热点。研究以江苏省民营上市公司作为实证分析对象,选取净资产收益率(ROE)为被解释变量,实际控制人拥有上市公司控制权比例作为股权结构的解释变量,结合公司规模与资产负债率两个控制变量建立多元线性回归模型,检验了相关假设,并根据实证分析结果就如何提高江苏省民营企业的绩效提出了针对性的建议。

The influence of equity structure in listed company on company performance has been a hot issue in academic circles.This paper takes private listed companies in Jiangsu Province as the subject, ROE as the dependent variable,and the actual control of listed companies who have control over the ratio（Uscvr）as explanatory variables of equity structure.These variables together with the two control variables of company size and asset-liability ratio are used to establish a multiple linear regression model.Based on the regression results some targeted recommendations are made as for how to improve the performance of private enterprises in Jiangsu Province.