上市公司股权性质、股权集中度与公司绩效的关系分析  

Analysis of the Relationship Among Equity Nature, Equity Concentration and Corporate Performance of Listed Companies

作　　者：王丽丽[1] WANG Li-li(Taishan University,Tai'an 271000,China)

机构地区：[1]泰山学院,山东泰安271000

出　　处：《中小企业管理与科技》2017年第34期35-37,共3页Management & Technology of SME

摘　　要：股权性质、股权集中度决定着公司所有权和控制权的分配和制衡,是公司治理结构的基础,股权结构的合理性影响公司价值的高低。论文以上市公司为样本,通过实证分析,回归数据分析股权结构与企业价值的相关性,调整中国上市公司股权结构的合理性为目的。结果表明股权集中度与企业价值成正相关;国家股与企业价值没有明显的关系;法人股与企业价值正相关。The nature and concentration of equity determines the distribution and balance of ownership and control of the company.Therationality of ownership structure affects the value of a company.Based on the list company,through the empirical analysis,paper analyzes therelationship between ownership structure and enterprise valuewith regression data,aims to adjust the rationalisation of shareholding structure oflisted companies inChina.The results showthat equity concentration is positively related to firmvalue;state shares have no obvious relationshipwithfirmvalue;corporate sharesarepositivelycorrelatedwithfirmvalue.

关 键 词：股权性质 股权集中度 企业价值 公司绩效 

分 类 号：F810[经济管理—财政学]