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《Journal of Taiyuan University of Technology(Social Science Edition)》 2016-06
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The Heterogeneity of Ownership Structure,Board Size and Enterprise Performance Fluctuation——Taking Listed Manufacturing Companies as an Example

QIAN Shi-ru;HONG Bo;School of Business,Anhui University;  
Under the background of mixed ownership reform,paying attention to the heterogeneity of ownership structure provides a new idea for the study of enterprise performance fluctuation.Taking the listed manufacturing companies from 2004-2015 in China as samples,this paper expounds the relationship among the heterogeneity of ownership structure,board size and enterprise performance fluctuation.According to the empirical study,the subjects of ownership with the heterogeneity are different in the degree of enterprise performance fluctuation;there is a prominent positive correlation among ownership concentration,board size and corporate performance fluctuation;board size plays a partial mediating role between ownership concentration and enterprise performance fluctuation.
【Fund】: 国家社会科学基金项目“国企‘混改’中的职业经理人制度建构机制研究”(16BGL073)
【CateGory Index】: F121.24;F271;F275
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