电子电器行业上市公司的股权结构与绩效关系

Relationship Between Ownership Structures and Performance in Chinese Electronic Enterprises

以总资产收益率为被解释变量,以股权集中度和股权构成为解释变量,系统的考察了中国电子电器行业上市公司中股权结构与公司业绩的关系。实证分析结果表明:中国电子电器行业的上市公司股权高度集中且公司间实力很不均衡;股权集中度与公司绩效相关性不显著,国有股、法人股及普通股持股比例与公司绩效之间均不呈现显著相关关系。

This paper investigates the relationship between ownership structure and corporate performance in Chinese electronic enterprises systematically, using ROA as the dependent variable while ownership concentration and structure as the explanatory variables. The empirical results show that:Chinese electronic enterprises' strength is not balanced and their ownership structure is very concentrated. Each of state ownership,legal person ownership and individual ownership has no significant effect on firm performance.