Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《ECONOMIC RESEARCH JOURNAL》 2000-08
Add to Favorite Get Latest Update

Ownership Pluralization,Firm Performance and Industry Competition

Chen Xiao & Jiang Dong  
This study examines the impact of ownership structure on the relative performance of listed firms in China.After controlling factors such as industry,firm size and macroeconomic conditions,using data from three industries,namely electronics,commerce and utilities,our regression analysis and hypothesis testing reveal that legal person shares and trading shares have positive effects on firm performance while state ownership has a negative impact.However,this is true only in the competitive electronics industry,and does not hold in less competitive commerce and utility industries.The policy implication of those research findings is that,in order to improve corporate governance of SOEs,pluralization of ownership through listing on stock markets is definitely a right way to go.However,to make this approach effective,a highly competitive environment for those SOEs needs to be created in the first place.
【CateGory Index】: F276.6
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
【References】
Chinese Journal Full-text Database 10 Hits
1 LIU Ren-fan (SEM,Tsinghua University,Beijing 100084,China);Ownership,Investment and Accounting Performance[J];Commercial Research;2006-10
2 HOU Xiao-hong(School of Management,China University of Mining and Technology,Xuzhou 221116,China);A Study of the Relationship between Big Shareholder′s Tunneling & Propping Listed Companies and their Business Performance[J];Commercial Research;2008-06
3 Shong Xianzhong Zhou Changshi;Ownership Structure, Large Shareholder Alteration and Competitive Advantage of Chinese Acquiring Corporation[J];Finance & Economics;2007-05
4 HUANG Ji-zhong1,CHEN Su-qiong2(1.Center for Comparative Economic System Research,Liaoning University,Shenyang Liaoning 110036,China;2.College of Business Administration,Liaoning University,Shenyang Liaoning 110036,China);An Empirical Study on the Relationship between Corporate Governance and Corporate Performance of Listed Electric Power Companies in China[J];Research on Financial and Economic Issues;2008-11
5 SUN Zheng,JIANG Xiu*Mhua,REN Qiang (School of Accounting,Shanghai University of Finance and Economics,Shanghai,China,200433);Relevanse Research between Governance Structure and Corporate Performance[J];The Study of Finance and Economics;2001-04
6 QIU Feng (School of International Business Administration,Shanghai University of Finance and Economics,Shanghai,China, 200433);Theoretical Predicament of Reform of State owned Enterprises and Exploration of Further Reform[J];The Study of Finance and Economics;2001-06
7 ZHOU Xiao-yan (Research Center of Economic and Social Development of the Yangtze Delta , Nanjing University, Nanjing 210093, China );A Positive Analysis of the Diversified Behaviour of Listing Firms within the Yangtze Delta[J];The Study of Finance and Economics;2004-01
8 He Weifeng Wu Shuilan(Accouting School,Zhongnan University of Economic and Law,Wuhan,Hubei 430073;Management School,Huazhong University of Scinece and Technology);Review on the Research of Capital Structure and Agency Problem[J];Communication of Finance and Accounting;2009-12
9 Zhang Ling Chen Shou Liao Feng( College of Business Administration, Hunan University, Changsha 410082 );Evidence Study on Equity Ownership and Corporate Valuation under Different Competition Mode[J];The Theory and Practice of Finance and Economics;2003-02
10 Song Xianzhong Luo Xiaolin( Accounting Department, Jinan University, Guangzhou 510632);Investigation on Financial Conditions of Private Listed Companies and Related Policies in China[J];The Theory and Practice of Finance and Economics;2003-02
China Proceedings of conference Full-text Database 10 Hits
1 ;不同股权控制方式下上市公司交易安排的理论分析[A];[C];2006
2 ;A Review of Empirical Accounting and Finance Research about Chinese Capital Market[A];[C];2008
3 ;Ownership, Competition and Industrial Performance:An Empirical Analysis Based on the Data of Chinese Machinery Industry[A];[C];2005
4 Zhou Chang Shi (Accounting Department,Jinan University,Guangzhou Guangdong 510632);Ownership Structure,Corporate Performance and Ownership Reform:an Empirical Research on Chinese Listed Companies of IT Industry[A];[C];2006
5 VeichengYu、Mou-Fung Chan、Xuegang Cui Department of Accounting Tsinghua University,Beijing;Shareholding Structure and Pricing of A-shares-Empirical Evidence from Dually Listed A and H-shares[A];[C];2005
6 ;Ownership Structure and Information Content of Stock Price:Evidence from Chinese Stock Market[A];[C];2005
7 Corporate Governance Research Team,Sun Yat-san University;Type of Controlling Shareholders and Corporate Governance Mechanism——Empirical Evidence from Non-listed Firms in Pearl River Delta Area[A];[C];2006
8 XU Hai-feng (Economy Administration College, Dalian University, Dalian 116622,China);An Analysis on Equity Structrue and Operation Result of Dalian Public Company[A];[C];2009
9 PENG Zhong-wen1,2,LI Wei-tian2,HE Jing-ya2(1.Shenzhen Graduate School,Harbin Institute of Technology,Shenzhen 518055,China;2.Business School,Xiangtan University,Xiangtan 411105,China);Industrial Characteristics,Ownership Structure and Mergers & Acquisitions Performance:Evidence from Chinese Listed Companies[A];[C];2010
10 Hongxian Zhen,Xianzhi Zhang,and Yongdong Shi,;Ultimate control structure and its effects to corporate performance——Empirical Evidence from Publicly Listed Companies in China[A];[C];2010
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved