传媒行业上市公司股权结构对财务绩效影响研究

Research on the Influence of Ownership Structure of Listed Companies in the Media Industry on Financial Performance

研究深入探讨了传媒行业上市公司股权结构对财务绩效的影响,通过实证分析发现:国有股比例与财务绩效无显著关系,而法人股比例、管理层持股比例、第一大股东比例及前十大股东持股比例均与财务绩效呈显著正相关。流通股比例则与财务绩效显著负相关。此外,股权制衡度对财务绩效的影响并不显著。这些发现表明,优化传媒行业上市公司的股权结构,特别是提高法人股比例、管理层持股比例及大股东持股比例,有助于提升公司财务绩效。研究还建议,针对不同类型的股权结构特点,传媒公司应采取有针对性的优化策略,以推动公司绩效的持续提升。

The study delved into the impact of equity structure on financial performance of listed companies in the media industry. Through empirical analysis, it was found that there was no significant relationship between the proportion of state-owned shares and financial performance, while the proportion of corporate shares, the proportion of management shares, the proportion of the largest shareholder, and the proportion of the top ten shareholders were all significantly positively correlated with financial performance. The proportion of circulating shares is significantly negatively correlated with financial performance. In addition, the impact of equity balance on financial performance is not significant. These findings indicate that optimizing the equity structure of listed companies in the media industry, especially increasing the proportion of corporate shares, management shareholding, and major shareholder shareholding, can help improve the financial performance of the company. The study also suggests that media companies should adopt targeted optimization strategies based on the characteristics of different types of equity structures to promote the continuous improvement of company performance.