股权结构对我国信托公司绩效的影响分析  

Research on Ownership Structure and Performance of Trust Companies in China

作　　者：张屹山[1] 高福波[2,3] 李莹 

机构地区：[1]吉林大学数量经济研究中心 [2]吉林大学商学院 [3]吉林省信托有限责任公司 [4]吉林省信托有限责任公司理财中心

出　　处：《吉林大学社会科学学报》2013年第5期5-12,175,共8页Jilin University Journal Social Sciences Edition

基　　金：国家自然科学基金项目(71173087/G0301);吉林大学校企合作项目(2011-09)

摘　　要：股权结构与公司绩效的关系一直以来都是公司治理结构的重要研究内容。运用超效率DEA方法对我国信托公司的运营绩效进行测算,并根据35家信托公司2005年至2010年的运营数据,从控股股东性质和股权集中度两个角度分析股权结构对我国信托公司绩效的影响。结论表明,国有持股可以导致信托公司绩效的下降;控股股东持股比例越大,即股权集中度越高,对信托公司绩效的提升作用越显著。另外,信托公司所属省市经济发展程度也显著影响着信托公司的绩效水平。Corporate governance has always been an important part in ownership structure and corporate performance relationship. In this paper,firstly,based on the two-stage DEA model,we analyzed the performance of 35 trust companies in China in 2005—2010. Secondly,from the two perspectives of the nature of the controlling shareholder and the ownership concentration,we obtained the conclusion through the empirical study that,there is a positive correlation between the ownership concentration and performance of trust companies,and negative correlation between the degree of equity balance and performance. In addition,we can determine that the richness of the citizens is other main factor of influencing the scale and growth speed of the trust industry in the region.

关 键 词：股权结构 公司绩效 公司治理结构 信托公司 

分 类 号：F224[经济管理—国民经济] F832.49