Record Details

Study On The Relationship Between Ownership Structure And Corporate Performance: Evidence From Chinese Companies Listed On The GEM Board

International Business & Economics Research Journal

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Field Value
 
Title Study On The Relationship Between Ownership Structure And Corporate Performance: Evidence From Chinese Companies Listed On The GEM Board
 
Creator Zhang, Qiaowen
Erasmus, Pierre
 
Subject Finance
Ownership Structure; Corporate Performance; GEM Board; Corporate Governance
 
Description The study on which this article reports, analyzed the current situation of ownership structure and corporate performance based on the panel data of 153 companies listed on the Growth Enterprises Market (GEM) board from 2010 to 2012 and explored the mechanism of companies’ ownership structure to corporate performance with multiple regressions. The results show that tradable shares, state-owned shares and managerial shares have a negative correlation with corporate performance, and that there is a significant quadratic non-linear relationship between tradable shares and corporate performance while legal-person shares are not significantly related to corporate performance. We also found that the shareholding ratio of the top ten largest shareholders has a significantly positive correlation with corporate performance but we failed to find any significance for the largest shareholder and the Z index.
 
Publisher The Clute Institute
 
Date 2016-02-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/9607
10.19030/iber.v15i2.9607
 
Source International Business & Economics Research Journal (IBER); Vol 15 No 2 (2016); 27-40
2157-9393
1535-0754
 
Language eng
 
Relation https://www.cluteinstitute.com/ojs/index.php/IBER/article/view/9607/9703
 
Rights Copyright (c) 2016 International Business & Economics Research Journal (IBER)