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Ownership Structure and Firm Performance: An Empirical Analysis of Chinese Companies
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Ownership Structure and Firm Performance: An Empirical Analysis of Chinese Companies
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| Creator |
Zhang, Hui
Kyaw, Khine |
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| Description |
This study examines the relationship between ownership structure and firm performance in Chinese companies. We hand collected ownership data on 1178 non-financial companies with a total of 5815 firm-years from annual reports. Through fixed-effect panel model, this study has the following findings. First, there is a positive relationship between firm performance and institutional ownership in Chinese companies. Second, the proportion of tradable shares negatively affects firm performance. Third, ownership concentration and state ownership appear to not affect firm performance.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2016-12-26
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/2109
10.11114/aef.v4i2.2109 |
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| Source |
Applied Economics and Finance; Vol 4, No 2 (2017); 57-64
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/2109/2204
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| Rights |
Copyright (c) 2016 Applied Economics and Finance
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