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《Economic Research Journal》 2001-12
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Equity Structure and Firm Value:An Empirical Analysis of Listed Companies of Household Electric Appliances Industry

Zhu Wuxiang & Song Yong  
We examine the relationship between firm value(market-book ratio) and equity structure based on a sample of 20 listed companies in household electric appliances.We find no significant relationship between firm value and equity structure. We think that equity structure is a commercial choice of firms forced by commercial competition and capital markets.It is important to enhance the functions in appraisal of companies strategy,performance and corporate governance,and corporate control markets.
【Fund】: 清华大学经济管理学院基础研究基金资助
【CateGory Index】: F276.6
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