产融结合对上市公司经营绩效和企业价值的影响

An Empirical Study on Financial-industrial Combination and Operation Performance, Corporate Value Based on China Listed Companies

以我国上市公司为研究样本,从金融机构参股钢铁上市公司的视角,分析不同参股比例的产融结合行为对经营绩效、企业价值的影响。经分析发现,金融机构参股超过一定比例后,产融结合对企业经营绩效和企业价值呈显著非线性相关关系。

This article took Ehina steel listed corporations as research samples, with equity participation of financial institutions and listed corporation perspective, to examine the behavior effect of different proportion share of the combination of industry with finance on operation performance and corporate value. This study found that, after more than a certain proportion, the influence of combination on operation performance and enterprise value is significantly nonlinear correlation.