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企业股权集中度的决定因素 被引量:3

Factors Influencing the Concentrated Extentof Corporate Ownership
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摘要 现有文献对股权结构的研究多从公司绩效的角度来探讨二者的关系 ,却忽视了股权集中度的决定因素。从企业股权集中度的历史演进过程可知 ,不存在一个适于任何企业的最优股权集中度。一个企业的股权集中度是由企业规模、公司绩效。 A lot of articles concentrate on the relationship between ownership structure and firm performance,but the factors which influence the concentrated extent of corporate ownership are omitted.From the evolution of the concentrated extent of corporate ownership,we know there is no optimum concentrated extent of corporate ownership which adapts to any corporate.As for a firm,it is decided by corporate scale,firm performance,owner's preference for control right and political power
作者 张华 鄢华
出处 《北京科技大学学报(社会科学版)》 2002年第2期90-93,共4页 Journal of University of Science and Technology Beijing(Social Sciences Edition)
关键词 股权集中度 企业规模 公司绩效 控制权偏好 政治力量 concentrated extent of corporate ownership firm scale firm performance preference of control right political power
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参考文献5

  • 1[1]Brele, A and Means, G. The Modern Corporation and Private Property. New York: Macmillian, 1932.
  • 2[2]Jensen, M and Meckling, W. Theory of the Finn:Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economic, 1976, 3.Holderness, C and Sheehan D. The Role of Majority Shareholders in Publicly Held Corporations. Jornal of Financial Economics, 1988, 20.McConnell, J and Servas. Additional Evidence on Equity Ownership and corporatie Value. Journal of Financial Economics, 1990, 27.Myeong-Hyeon Cho. Ownership Structure, Invest ment, and the Corporate valne. Journal of Financial Econimics, 1998, 47.
  • 3孙永祥,黄祖辉.上市公司的股权结构与绩效[J].经济研究,1999,34(12):23-30. 被引量:1118
  • 4[7]小阿尔费雷德·D·钱得勒.看得见的手一美国企业的管理革命[M].北京:商务印书馆,1987.
  • 5[9]马克·J·洛.强管理者·弱所有者--美国公司财务的政治根源[M].上海:上海远东出版社,1999.

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